Growing Watercraft Rental Service For Sale

Business description

Working a full time job, managing several properties and running a growing business is proving to be too much for this seller who feels he is missing precious time with his young children.

Founded five years ago, this successful leisure equipment rental business has frontage on one of West Michigan's premier inland lakes. "Going to work" consists of slipping on your sandals, sunglasses, applying sunscreen and heading off to your "office" on the beach. Operating from May through Labor Day this business generates $80,000 in revenue in four months with cash flow to the owner in excess of $35,000.

Available separately is the spectacular property, a lake front lot with 50' of frontage and about 350' in depth. A 1600 square foot structure houses the rental office on its first floor and a two bedroom apartment upstairs. The buyer of the business can purchase the real estate in a separate transaction for $250,000 or enter into a favorable lease (at about $650.00 per month) for the rental office only. In addition to the rental income from the upstairs apartment, additional revenue is derived from renting dock space for boats and winterizing and storing boats on the ample property.

This is the perfect business for the person (or couple) who wants to spend his summers on the lake and have a simple and fun business to pay the way. Priced at $199,000 the business includes a wide array of water craft and equipment with a current value in excess of $90,000, which puts the enterprise value at an attractive 3X cash flow plus assets.

Property information

Real Estate:

Real Property Included

Lease terms:

Available for lease or purchase

Location:

1,600 sq. ft. building

Other information

Support & training:

Seller will provide training

Reasons for selling:

Career Demands

Trading hours:

Monday-Sunday 8-6

Financing available:

Seller will provide partial financing

Furniture / Fixtures value:

$93,000 (included in the asking price)