Description of the business for sale
This listing is for an established marine business located in northwest Illinois that is available to a qualified buyer. The business, located on the Mississippi River, serves as a boat dealer and marine. 90% of their total revenues come from the sale of boats. 5% of their business comes from service they provide and the remaining 5% of revenues are derived from providing storage. This business carries boats and products by Mercury, Honda, Evinrod, Alumacraft, Mirrocraft and many more types of boats ranging from motorboats to pontoon boats. This is a very profitable business for the owner that has seen growth in its owner benefit in each of the past three years. In addition, there is a substantial base of assets that are to be transferred with the sale of the business including over $350,000 in inventory. In 2007, their revenues sagged. However, their business has rebounded and the 1st quarter of 2008 is 20% higher than 2007. If you would like more information about this business opportunity, or would like to schedule a site visit, please contact the agent either by phone or by e-mail.
Support / Training provided by seller
Owner will train the buyer for 4 weeks at no cost.
Description of the facilities
Assets to be transferred with the sale of the business:
Real Estate: 650,000
Inventory: 967,854
F F & E: 155,325
Total Assets: 1,773,179