Summary
- Asking price:
-
$550,000
- Sales revenue:
- $1,000,000
- Net profit:
- $100,000
Business description
The Company is a West Michigan business that has been in existence for over 50 years. The Company’s sales include boats (new and used), motors, parts and other marine products, docks and slips, storage facilities and various other marine services.
Property information
- Real Estate:
- Real Property Included
- Lease terms:
- Available for Lease or Sale
- Location:
- West Michigan Inland Lake. The Company owns a number of waterfront acres of real estate which is also available for purchase or lease. The Company was given a “Clean bill of health” by the Department of Environmental Quality in the recent past.
Other information
- Competition / Market:
- There are a number of opportunities for growth. The owner does very little with sales and marketing so advertising existing services would increase sales. A bait shop/convenience store could be setup to increase traffic and revenue. With mechanics on staff the Company could sell and service other items such as snowmobiles, motorcycles, etc… The internet could be utilized to sell the large variety of parts that the Company obtains from salvaged boats and engine replacements. Boat storage could be increased and RV storage could be added. The number of boat slips could be increased.
- Support & training:
- The current owner purchased the business more than 25-30 years ago and is willing to remain with the Company to assist in a smooth transition to the new ownership.
- Financing available:
- negotiable
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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