New Franchise Marine Dealership - Sales & Service
| Established Year: | 1971 |
Acquire a new franchise marine dealership offering sales and service on pontoons, fishing boats, and center consoles.
Well-established with tenured staff and management, this dealership enjoys real goodwill within the community.
Performance Snapshot
Total Revenue:
• 2023: $5.7M
• 2022: $7.8M
• 2021: $7M
• 2020: $6M
• 2019: $4.3M
• 2018: $3.8M
Gross Profit:
• 2023: $1.1M
• 2022: $7.8M
• 2021: $1.1M
• 2023: $930K
• 2022: $660K
• 2021: $500K
Adjusted EBITDA:
• 2023: $300K
• 2022: $850K
• 2021: $500K
• 2023: $340K
• 2022: $170K
• 2021: ($55K)
Offered For Sale:
• Offered as an Asset Sale, NOT a Stock Sale.
• Goodwill & Other Intangible Assets: To be negotiated
• Furniture, Fixtures, Equipment & Company Vehicles: Seller estimated value of $100K
• Plus Assets and Inventories: The dealership has approximately Parts & Accessories,
and new & used inventory in the amount of $2.7M, and a new vehicle inventory floorplan. New vehicle
inventories are financed 100% and would require a floorplan greater than $3M.
• Plus Real Property: Offered for sale at appraised value of $2,750,000.
The inventories are as of December 31, 2023. Final values will be determined as of closing.
