Established Boat Club Set for Growth

A 3-location boat club set for significant growth now for sale.

There couldn’t be a better time to own a boat club with the rising costs of insurances, maintenance, lack of storage options throughout the area and just the affordability of actually purchasing the boat, saving members time and money while giving members many different options of boats.

The boat club has over 1.4 million in accounts receivables and grows by the month making forecasting revenues incredibly easy. Taking initiation fees for new members, as well as a consistent stream of monthly fees. The business had an average of over 10% growth per year until the end of 2022.

With 19 boats and a value of over 1.1 million, the boat to member ratio is very low, meaning the business is set for significant growth without the additional influx of capital with most other acquisitions, allowing it to grow to nearly double its current size.

In 2022, Hurricane Ian devastated the coast; while taking the 2 locations down, the business did acquire a 3rd location. Now finally operating at all three locations, the business is still limited at one of the locations as they are still rebuilding and adding docks. But the business is now diverting its marketing dollars towards awareness campaigns to let the area know they are back, operating and taking back or taking on new members. The website weas bringing in 3-5 inquiries per day, and that is without the businesses other marketing techniques.

Worthy of attention to a buyer is the amount of support and assets in the business that will help the club owner, that includes a large library of helpful information, logos, ads, website data, as well as personal assistance. Seller is also willing to stay on in some capacity to ensure a smooth transition.