37613-Marine - Vessel Repair an Service

FL

Seller Financing Available
37613-Marine - Vessel Repair an Service
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Asking Price: $539,000

Cash Flow: $179,379

Gross Revenue: $628,011

EBITDA: $102,146

FF&E: $43,427

Inventory: $143,324

Established: 2001

37613-Marine - Vessel Repair an Service

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Business Description

Boasting a reputation for high quality standards and attention to detail, the company is a repair and service provider specializing in outboard boats. Acting as an authorized claim and service center with factory trained technicians, the primary services include engine repairs, vessel services, cleaning services, part and engine sales, and pre-purchase inspections. Located just 30 miles from Palm Beach, the leased 2,640 facility includes a storefront, warehouse, storage yard, and office space. With six experienced personnel, they have a proven track record, supported by nearly 20 years of ongoing business. The marketing efforts focus on targeting individual boat owners (95%) and commercial fleets (5%) within Martin county and surrounding areas of East Coast Florida. Revenues have been steady over the past five years due to an improving local economy. Last year, the total revenue was $628,011 with Seller’s Discretionary Earnings of $179,379. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

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

Business Listed By:
Buyer Division

IAG

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