Mobile Boat Maintenance and Winterizing Business
Asking Price: | $199,500 |
Gross Revenue: | $287,355 |
FF&E: | $20,000 |
Cash Flow: | $119,715 |
Inventory: | $5,000 |
Established Year: | 2012 |
This boat maintenance, detailing, winterizing and shrink wrap business operates by going to the customer’s home, or wherever the boat is located to provide services. The business has evolved from a seasonal business to being a more year-round operation. The owner is assisted by a year-round full-time employee and one part-time seasonal employee. A new owner will decide which approach makes the most sense.
The business was established in 2012. Since winterizing is concentrated in just a few months each year, the business has added detailing, tune-ups, oil changes, installations and minor repairs to the services offered. This has led to increased revenue and the ability to engage staff and service customers throughout the year.
There are various marine dealerships and service shops offering similar services along the Wasatch Front. The convenience factor for customers not needing to haul boats to and from a service shop, while receiving the highest quality and professionalism, is a major competitive advantage.
• There is huge growth potential in the detailing and installation services during the spring and summer months. A qualified team could grow this portion of the business significantly.
• Many winterization clients are turned away each year as the business does not have the capacity to handle all the requests for service. More seasonal help can service these customers.
• There are some more complicated repair services which are best completed at a maintenance yard. In those situations, the current owner arranges to bring the customer’s boat to his shop. With access to an appropriate facility for repairs or storage, there is potential for significant growth for a new owner.