Sea Tow Hampton Roads
Virginia Beach, VA
| Asking Price: | $650,000 |
| Gross Revenue: | $730,226 |
| Established Year: | 1987 |
| Cash Flow: | $352,082 |
| FF&E: | $400,000 |
Listing ID: 1930756Listing provided by BizBuySell
BUSINESS DESCRIPTION
On-Water Marine Assistance
Well established Sea Tow Franchise located in the Hampton Roads area of Virginia. The business financials reflect a very well operated business. Included are well maintained vessels and equipment and transferable dockage leases. Owner willing to stay on for a negotiated time.
DETAILED INFORMATION
Location
Virginia Beach, VA
Inventory
Not Included in asking price
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Sea Tow Hampton Roads has 5 boats with 4 in the water with transferrable slip leases. Remaining boat is on a trailer. Two (2) Trucks, Salvage equipment – lift bags, pumps, straps, dive equipment – tanks, wet and dry suits. Office equipment and computers, copiers/printers, file cabinets. FCC licensed VHF radio high site. Shop equipment – benches, shelving, spare repair parts.
Competition
Sea Tow Hampton Roads maintains a strong competitive advantage in the area. Visible in the community supporting the marinas, boat dealers, repair shops and organizations such as boating and Angler’s clubs. Hampton Roads area of Virginia includes cities of Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News and Suffolk a very large population and a very diverse boating region.
Growth & Expansion
The business is situated at the mouth of the Chesapeake Bay and Atlantic Ocean and extends west into the rivers and tributaries of the Sea Tow Hampton Roads area that offer potential area expansion. Sea Tow Hampton Roads has multiple revenue streams that provide growth opportunities - memberships for service of on-water assistance, Fee-for-Service, Salvage and Recovery, Commercial operations.
Financing
Third Party Financing
Support & Training
Training and support from current owner and Franchisor. Current owner willing to stay during transition.
Reason for Selling
Retirement.
Franchise
This business is an established franchise
BUSINESS LOCATION
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