Marine Electronics Sales Service and Repairs Business For Sale

Business description

One of Sydney’s premier names in the boating industry this is a great opportunity for a boat lover to acquire a great business that sells, installs and services the growing boating and electronics industry.

Established in 1996 to provide marine electronics services to the pleasure boat industry, the business has been expanded by the current owner to cover new boat fit outs, electrical and electronic servicing, upgrades and rewiring on yachts and power boats of all sizes. In addition, the company imports a range of boat accessories to complement the electrical services and there is great potential to expand this range.

Located on Sydney’s North Shore, it services an expanding customer base of over 1,100 clients, providing a full service offering; assessing their needs, custom designing installations, supply, installation and commissioning, training and full warranty backing. The Office/Workshop is situated in a brand new building and includes an impressive display area, reception, office, workshop and storage with easy access and plenty of parking to impress prospective clients. Service is conducted in the workshop or onboard and covers Sydney Harbour and the Pittwater areas.

As one of the top ten Raymarine dealers in Australia and holding leading agencies for electronic manufacturers such as Furuno, Simrad, Victron and GME the Business has enjoyed strong sales growth. And, with a newly established website providing an additional shop front for the extensive product range, there is plenty of potential for future product sales growth.

More recently, the business has also branched out into import and distribution of a unique range of complementary marine products and revenue growth from this division has been very strong. It is expected that this growth from import and distribution will continue as additional niche products are added to the line up.

Having owned the business since 2002, the current owner is retiring and moving to Far North Queensland for a change of lifestyle. This business would suit a keen boating enthusiast with a sales or electrical background who is keen to take the business to the next level.

Please click on REQUEST MORE INFORMATION below and follow the prompts to complete the required Confidentiality Agreement which can be printed.

Property information

Location:

The premises are located on the ground floor of a brand new industrial complex on Sydney’s North Shore. Clients and product suppliers are afforded easy access and ample off-street parking and the building features very high ceilings and full security.

The premises comprise an impressive reception/display area, brand new racking for storage, two workshop areas plus office area.

Other information

Expansion potential:

The future growth prospects for the business are excellent as the Marine electronic accessories industry continues to grow strongly, particularly as baby boomers spend more and more on leisure craft accessories.

The new owner will purchase a business which has established a reputation as a market leader in the Sydney marine industry by providing high quality service, the latest products and technology and experienced and helpful technicians.

The establishment of the Website has already started to reap rewards, where customers can access the website to choose their products at their leisure, leading to the increased profile of the business and higher levels of enquiry. It is expected that this trend will continue and convert into higher levels of sales.

The growth opportunity expected to take the business to the next level is the expansion of the import and distribution division. The success of the NAVPOD range is expected to continue and the addition of further niche products creates fantastic potential.

Competition / Market:

The business has developed an established and loyal client base which generates a significant proportion of business from referrals and repeat business. The accounts system contains over 1,100 clients, with over 300 currently active. There are a number different client types; • Marinas – where the business may have established a preferred contractor arrangement • Boat Importers – where new boats require additional electronic equipment • Boat Repair workshops – where electrical work is outsourced • New Boat Manufacturers – requiring full or partial electrical fit out. • Private boat owner – requiring repairs and/or installation of equipment – onsite or in the workshop • Marine Insurers – Expert opinions, quotations and insurance claim repairs.

Reasons for selling:

Having owned the business since 2002, the current owner is retiring and moving to Far North Queensland for a change of lifestyle. This business would suit a keen boating enthusiast with a sales or electrical background who is keen to take the business to the next level.

Furniture / Fixtures value:

$52,000 (included in the asking price)

Inventory / Stock value:

$50,000