Description of the business for sale
This marine dealership is over 18 years old and has consistently increased its sales over the past ten years because of its great sales and services. The dealership sells inboard/outboard and fishing boats and motors to local, regional and vacationing customers. Over the 18 years, the dealership has acquired 6 major boat franchises. Over that same period of time, the Owner has purchased and/or rented five additional buildings so that the business could continue to expand. The businesses gross sales are approaching the $2 million mark!!! This is truly a bonafide growing business in a great vacationing spot. Call Joe Cravero at 309-764-1955 for more information on this wonderful business. Don't let this one slip away!! Prospective Buyer Must Sign Confidentiality/Non-Disclosure Agreements.
GROWTH: This is a very successful dealership that sells both new and used inboard/outboard boats; motors and also sells fishing boats.The dealership now has 6 majoe boat franchises. The sales have consistently increased over the past ten years; and the Owner has been awarded many gross sales prizes. In order to expand, the dealership needs to be updated with computers and needs to advertise more. The Owner will sell or lease the real estate to the new Owner.
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Support / Training provided by seller
The Owner will stay on to help the new Buyer in the transition period. The four full time employees have over twelve years of experience in either marine sales and service.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Negotiable with a sizeable down payment.
•Inventory: $350,000
•FF&E: $60,000
•Real Estate$650,000
REASONS FOR SELLING: The Owner has owned the business for the past 18 years. He wants to retire.
EMPLOYEES: Full-time / Part-time: 4FT; 1PT + Seas
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Description of the facilities
The Owner has a main showroom and two other showrooms plus a service building and a storage building. Everything is in great shape and laid out well. Buildings ready for new Owner to take over.
COMPETITION: The businesses current competition is located more than twenty-five miles from this dealership. The business sells within a one hundred mile radius and also sells to a lot of customers who vacation in nearby towns and cities. Because of the waterways that are in and about the dealership's towns, many of the sales are to vacationers and visitors. The business is very price competitive and the service department does well also. The business does store boats for the winter.
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