Garland County, AR Automotive and Boat Businesses For Sale

Marina, UNDER CONTRACT. Let us sell YOUR business!FUN AND REWARDING!
$2,995,000 Cash Flow: $491,348
Marina, UNDER CONTRACT. Let us sell YOUR business!FUN AND REWARDING!

Hot Springs, AR

This marina produced owner's profit in 2017 of almost $1/2 million. It is A fun, low-exertion business with solid income and a very bright future. The best reputation and most customer satisfaction on the entire lake. Income for 2017 was 37% ahead of 2016 because the brand new sales building and 8 bay service facility are attracting lots of new customers. Right now is the very best time to buy a marina and have some time to become familiarized with it before the next season begins. The last two marinas that sold in Arkansas were at over 8X owner's profit but the owner (73) is past ready to retire and has priced this marina at just 6X profit INCLUDING inventory, making it a truly fine bargain opportunity. The marina is near Hot Springs, AR, one of the leading resort destinations in the country, with over 7 million visitors a year. The marina sale includes assets worth over $3 million consisting of $2 million in appraised real estate, plus inventory ( $435,000) , and equipment (FF&E) ($613,000). This is a 100% turnkey business that is easy and fun to own and operate, plus it is financially rewarding both today and in the future from the extraordinary appreciation of waterfront property vs. regular real estate. The assets and income along with excellent financials will definitely make financing this purchase simple and easy. This business benefits from it's many profit centers, unlike lesser marinas that only rent pontoon boats or only rent boat slips and water toys, this is a fully-staffed full- service marina that profits from anything and everything to do with boats. Fully staffed with employees who love their jobs and who are all expected to remain with a new owner. This is a solid business with a great future. 10-11 rental pontoon boats produce over $260,000 in income and there are permits on hand that allow for a total of 21 rental boats. No other marina on this lake has permits add a single new rental boat. And there will never be another marina on this lake. The financials are complete, and all income, expense and profit is clearly shown right on the tax returns. The floor plan is administrated by Wells Fargo bank and is transferable to a new owner. In the busiest season, the owner relies on the great employees and spends only 20 hours a week at the marina, and in the slower winter months owner's hours are less than summer hours and are usually none. This is a semi-absentee owner business at present. The business model is super-well organized and although nothing "runs itself" this one comes pretty close. A business clearing $1/2 million in 2017 at a price of $2,995,000 is a rare opportunity. The assets are actually valued at more than the asking price. The successful buyer of this stellar business will have an exceptional credit score, some business experience, and a net worth of at least $1 million to qualify to have the floor plan transferred. Banks will loan 75-80% of the purchase price with a down payment from the business buyer of between $600k to $750k down depending on credit score. The information and financials you will receive are more than ample for a bank to be able tell you that they want to finance this business. If you have an interest in becoming the owner of a first class marina, you must get the full story on this one because there are important benefits and information relating to this opportunity that, because of confidentiality concerns, are available only in the detailed write up, that includes financials and pictures, that may be obtained by emailing or call Jack Crosby at 501/620-3831 and I will respond promptly. Expect to return a confidentiality agreement that we will provide to you when you inquire.

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