Full service marine repair business with $690k of sales & $295k of SDE
| Asking Price: | $750,000 |
| Inventory: | $315,000 |
| FF&E: | $200,000 |
| Established Year: | 1994 |
| Gross Revenue: | $690,000 |
| EBITDA: | $180,000 |
| Real Estate: | $700,000 |
Full service marine repair business in attractive market w/ steadily growing repeat customer base, strong positioning, attractive location & facilities, limited competition, & clear growth opportunities
Provide full range of marine parts & services for power boats up to 32 feet in length, including repair, storage, and retail of parts & accessories
– Service: Marine engine and component repair services on-site in purpose-built facility, and offsite via service calls to various customer locations
– Parts: Sell parts, accessories, and consumables packaged with service offering, as well as to customers directly via front of store retail space
– Storage: Outdoor uncovered secure boat storage & launch/retrieval services; provides stable recurring high-margin "annuity-like" income stream
Growing long-term repeat customer base built over 25-years of operation, composed of higher-end customers in two categories
– High-income residents of the Seattle-metropolitan area owning second vacation homes or that have retired in South Puget Sound
– Businesses and gov’t entities with local marine operations, including fisheries, shellfish farms, Native American tribes, coast guard, & law enforcement
**For each of last 5-years, ~80% of revenue has come from repeat customers**
Positioned as high-quality service provider with reputation for honesty & reliability; consultative solution-focused customer approach, supported by
– Trained technicians with significant experience across major OEMs -- MerCruiser, Volve, Honda, & Evinrude/Johnson, providing credibility to advice
– LT relationships with key marine suppliers, including OEMs; provides access to comprehensive portfolio of marine parts & accessories
In 2023, business generated $690k of revenue, $295k in SDE, and $180k of EBITDA. Revenue & SDE were both up 30% YoY in '23 and have grown at 15% CAGR for the last 5-years, with a strong '24 outlook & beyond
Contact us to receive a detailed teaser with additional information
