Honda Outboard Dealer - Sales and Service

Ventura County, CA

Honda Outboard Dealer - Sales and Service
Contact Seller

Asking Price: $249,000

Cash Flow: $180,000

Gross Revenue: $1,130,000

EBITDA: $132,000

FF&E: $78,705

Inventory: $175,000*

Rent: $2,600 /Month

Established: 2002

*not included in asking price.

Honda Outboard Dealer - Sales and Service

Save Print Share Valuation Report

Business Description

Established sales and repair facility for Outboards and Inboards.

Great business opportunity for someone who loves boats and knows their way around them. This business has a stellar reputation for providing sales and service on ocean-going boats up to 35 feet. Factory authorized service and warranty facility. Great location and a great lease.

This is an active Marine Sales and Repair Facility, located in Ventura County close to the Channel Islands, Ventura and Santa Barbara harbors.

In business for over 20 years, they have earned a reputation for delivering a quality product and service to the boating community.

An authorized full-service Honda Marine Outboard and portable Generator dealer. Over the years, the company has consistently been rated as the #1 dealer for Marine Sales and Customer Service.

With work performed on all major boat engines, including Mercruiser, Mercury, Volvo Penta, OMC Cobra, Honda, Yamaha, Suzuki, Johnson, Evinrude, Tohatsu, and Nissan.
Factory direct for parts and warranty for Honda, Yamaha and Suzuki.

Experts in Honda outboard re-powers and repairs.
The company has performed over 1,000 re-powers for recreational, commercial and government customers.

The Business consistently operates with a positive cash flow, and earns a net profit of approximately 10% to 12% after all expenses, including the owner’s salary.

In addition to the exceptional existing net income, there are additional opportunities to increase the bottom line.

The current owner fills the role of Service and Sales manager, and occasionally performs work on boats and engines. He takes a salary which is included in the advertised net income. If a buyer were to hire a service manager, the pay is already included in the expenses. If a buyer were to fill this position, and work more on the boats and engines, they could net much more than the existing owner (he bills an average of under 5 hours per week).

Perfect business for someone that knows their way around boats, and preferably is either a marine technician or involved in the service industry.

Attached Documents


Detailed Information

Location:
Ventura County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
5/31/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,400 +/- square foot building on a large pad with all test equipment, test tanks, analyzers, and everything needed to continue operating as a full service factory warranty facility. A very comprehensive and complete inventory on hand to complete almost any re-power or perform any service on most Inboards and Outboards.
Competition:
Business is located close to Ventura Harbor and Channel Islands Harbor, and is a short drive to Santa Barbara. With the excellent reputation for delivery a quality product and service, this business is strongly positioned to continue to grow.
Growth & Expansion:
The income can be increased with a slight bump in the hourly labor rate, which is on the lower end in the market. Also the addition of additional techs in the summer months will increase sales, as the business operates at capacity for several months of the year. Also a buyer could participate in the service and repair and garner additional cash flow.
Financing:
Business is pre-qualified for a SBA Loan through Chase Bank. Competitive rates!
Support & Training:
Business employees 3 seasoned technicians, and owner can stay on for a short time to facilitate a smooth transition. Business is best suited for someone already in the business.
Reason for Selling:
Owner ready to retire
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Steve Buenger

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1655892 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Cleanpro

Franchise Opportunity
Cash Required: 48900