37549-Marine Sales & Service

TX

Seller Financing Available
37549-Marine Sales & Service
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Asking Price: $640,000

Cash Flow: $145,000

Gross Revenue: $1,232,074

EBITDA: $108,083

FF&E: $120,000

Inventory: $200,000

Established: 1965

37549-Marine Sales & Service

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Business Description

The company is a factory authorized franchise dealer, distributor and service provider for brand name boats, motors and trailers. The primary products and services include selling and servicing bay fishing style boats, as well as name brand outboard motors. Valued at over $500,000, there are two facilities totaling 14,500 square feet, which are owned with an option to lease or purchase additionally. It features a showroom, offices, service department and a few storage lots. The company has a proven track record supported by several decades of ongoing business. Located in The Greater Houston Area, the marketing efforts focus on targeting individuals within a 100 mile radius as well as lake management, sanitation and mining companies within Southwest Texas. While 2017 had total revenues around $935,000, 2018 saw around $1,200,000 with Seller’s Discretionary Earnings of $145,000, rounded. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. The business could see a lot of growth with an increase of online marketing efforts.

Detailed Information

Inventory:
Included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
12 Months
Reason for Selling:
Approaching retirement
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IAG Buyer Division

Business Listed By:
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IAG

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