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Well Established Marine Supply Store 40 years

Middletown Township, NJ
Asking Price:$260,000
Inventory:$156,000
Established Year:1984
Gross Revenue:$370,000
FF&E:$12,000
Listing ID: 2258596Listing provided by BizBuySell
BUSINESS DESCRIPTION

Marine Hardware and Foul Weather Gear Store Front

We are a general hardware store for boats including accessories, chemicals, foul weather gear from Guy Cotten, Grundens and Xtra Tuf, seasonal beach items, fishing related merchandise. We are a retail store front facing a major busy highway. Location is within 5 miles of numerous marinas and popular beaches. We cater to area commercial and charter fisherman.

DETAILED INFORMATION
Location
Middletown Township, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,000
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Retail discount marine supply store front facing major busy highway. Location is within 5 miles of numerous marinas and popular beaches and caters to area commercial and charter fisherman. Inventory includes everything for all boats, fishing accessories, seasonal beach items. Also included is foul weather gear from Guy Cotten, Grundens and Xtra Tuf with restricted territories which means that no other store in the area can sell this merchandise.
Competition
The main competition is Amazon. Another retail store called West Marine is located at least 20-25 minutes away. The store is right on the highway and easy to find. It is centrally located for the area marinas, charter boats and beaches.
Growth & Expansion
The store can grow the business with an online presence. Internet sales are the biggest opportunity. This store is extremely popular in the area because of word of mouth, referral and catalog business.
Support & Training
The owners will help new owners with the transition.
Reason for Selling
Owners are retiring.
BUSINESS LOCATION
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Walter Cohen
Phone Number
Walter Cohen
Call Phone