25yr Old Marine/Powersports Dealership w/3yr $300K Net and $1.2M RE fo
| Asking Price: | $1,500,000 |
| Gross Revenue: | $2,500,000 |
| FF&E: | $200,000 |
| Established Year: | 1999 |
| Cash Flow: | $300,000 |
| Inventory: | $280,000 |
| Real Estate: | $1,200,000 |
Highly Profitable $300K+ Net 25yr Boat/ATV Dealership $1.5M incl $1.2M RE and $2
This locally owned/operated 25-year old company has a strong and consistent revenue stream with benchmarks that far exceed industry averages over the last several years. Margins are consistent at 20% compared to the industry average of 17%. Net income is on average 10% compared to the industry average of 7%.
The $30 billion annual boat industry and $40 billion annual powersports industry outlook is forecast to grow steadily at 5% over the next several years with the local/regional economies on the rise at 5-10% annual growth. The company is in a very strong position to continue to grow due to positive economic conditions and the strength of an established repeat customer base. Expansion opportunities exist for additional dealerships within the market area as well as expanded ecommerce sales. Currently ecommerce sales account for less than 5% of overall revenue, providing strong opportunities to reach new customers.
This turnkey business has 10,000 sq ft(4 bldgs) on 5.2 acres only a few miles from major highways and highway arteries in a 500K+ market area. The low cost of living, minimal competition and existing labor force make the location very attractive. The business has a team of loyal and very seasoned employees including a manager. The owner will provide extensive training and support during the 15-day transition.
