New Franchise Marine Dealership - Sales & Service
| Asking Price: | $2,500,000 |
| Established Year: | 1966 |
Acquire a new franchise marine dealership offering sales and service on pontoons and fishing boats.
Well-established with tenured staff and management, this dealership enjoys real goodwill within the community.
Performance Snapshot
Total Revenue:
• 2023: $3.5M
• 2022: $5.2M
• 2021: $5M
• 2020: $4.6M
• 2019: $3.4M
Gross Profit:
• 2023: $1M
• 2022: $1.3M
• 2021: $1.3M
• 2020: $1M
• 2019: $900K
Adjusted EBITDA:
• 2023: $6K
• 2022: $450K
• 2021: $320K
• 2020: $240K
• 2019: $120K
Offered For Sale:
• Offered as an Asset Sale, NOT a Stock Sale.
• Goodwill & Other Intangible Assets: To be negotiated
• Furniture, Fixtures, Equipment & Company Vehicles: To be agreed upon.
• Plus Assets and Inventories: The dealership has approximately $98K in Parts & Accessories,
$1.5M in new & used inventory, and a new vehicle inventory floorplan. New vehicle
inventories are financed 100% and would require a floorplan greater than $2M.
• Plus Real Property: Offered for sale at appraised value of $1,650,000.
The inventories are as of September 30, 2024. Final values will be determined as of closing.
