New Franchise Marine Dealership - Sales & Service
| Asking Price: | $9,618,034 |
| Established Year: | 1998 |
Acquire a new franchise marine dealership with two locations offering sales and service on pontoons, fishing boats, fibreglass boats, PWC, outboards, generators, trailers, ATV, and SXS.
Well-established with tenured staff and management, this dealership enjoys real goodwill within the community.
Performance Snapshot
Total Revenue:
• 2023: $8.3M
• 2022: $11.3M
• 2021: $11.9M
• 2020: $7.5M
• 2019: $5.8M
• 2018: $5.1M
Gross Profit:
• 2023: $1.2M
• 2022: $1.8M
• 2021: $970K
• 2020: $854K
• 2019: $600K
• 2018: $470K
Adjusted EBITDA:
• 2023: ($257K)
• 2022: $646K
• 2021: $240K
• 2020: $320K
• 2019: ($30K)
• 2018: ($70K)
Offered For Sale:
• Offered as an Asset Sale, NOT a Stock Sale.
• Goodwill & Other Intangible Assets: To be negotiated
• Furniture, Fixtures, Equipment & Company Vehicles: Estimated at $560K.
• Plus Assets and Inventories: The dealership has approximately $702K in Parts & Accessories,
$4.5M in new inventory, $400K in used inventory, and a new vehicle inventory floorplan. New vehicle
inventories are financed 100% and would require a floorplan greater than $4M.
• Plus Real Property: Offered for sale at appraised value of $3,500,000.
The inventories are as of June 30, 2024. Final values will be determined as of closing.
