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Marine Repair Business

Pasadena, MD (Anne Arundel County)

Marine Repair Business
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Asking Price: $249,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $35,000

Inventory: $65,000

Rent: $1,500 /Month

Established: 1982

Marine Repair Business

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Business Description

Marine service business for sale. We travel to customer's homes and the marinas where they keep their boats, and we lease a shop at a Marina where we perform repairs. Our primary services include the repair, service, and replacement of inboard engines, transmissions, outdrives, and generators. We also perform underwater hardware removal and replacement, and boat systems repair and replacement (e.g. sanitation systems, bilge pumps, switch, steering cables and controls, water and fuel pumps). You have all you need to get started.
This is a turn-key solution, whether you want to start a mobile repair business or add a mobile service to your existing business. We have a long track record of successful customer interactions and a large customer base and, our customers pay on time. Many have been with us for 20 years or longer, and we are always getting new ones. In the last two years we've serviced boats for almost 200 clients and we winterized approximately 120 boats each year. Being in business for as long as we have also means we have the right sources for parts, the information needed for repairs and a robust inventory of parts. Those years of experience also mean that Nelson has the skill and knowledge to train new repair technicians and/or increase the skills of your present service department.

Detailed Information

Location:
Pasadena, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We presently lease a shop at Oak Harbor Marina. The shop is 32' x 32' , two stories, with 2 offices on the second floor, a bathroom, and space for inventory. It is leased for $1500.00 a month. The sale includes a loyally committed and affluent customer list, two service vans, equipment, tools, and a large inventory of parts (including Crusader and Mercruiser) required for successful repair. (Home Based)
Competition:
There has always been more demand then hours in the day. Our busiest time is from March 15th thru Dec 20th. We look for repairs needed during the fall months and advise the customer. We generally perform these recommended repairs during the winter months when business is slower. The fact that we are mobile is attractive to many boat owners.
Growth & Expansion:
If you have an existing marina that offers repair service, adding mobile service would positively impact your revenue and bottom line by allowing you to offer more services and ultimately bringing more customers to the marina.
Support & Training:
We are selling the business together with the tutelage and assistance of ownership to transition you and your service personnel into offsite marine services for both your customers and our extensive customer base. Nelson Anderson will share his 42 years of experience and relations with his customers for approximately 1 year during the transition.
Reason for Selling:
Nelson is ready to retire and his senior technician is retiring.
Home-Based:
This business is Home-Based
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Business Listed By:
Nelson Anderson

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