Lake County Boat Cover & Upholstery Repair Shop For Sale

Business description

Well Established Custom Upholstery shop specializing in boat covers, awnings, repairs and installing factory canvas's for the surrounding marina's and Locals. Motivated seller wanting to retire. Most of this custom upholstery shops business comes from making boat cover and tops but also does many repairs for the locals as well as the surrounding marina's. This business has been around for 35 years in the same location and is very well known in the community. Real estate available but not included in the price. Owner/Landlord willing to negotiate favorable lease to ensure success to the new owner of the business.

Property information

Real Estate:

Real Property Included

Lease terms:

Owner willing to give below market rents to help insure success of business.

Leasehold rent:

$2,000 per annum

Location:

Commercial Warehouse that is easily accessible

Premises details:

6500 sq ft warehouse facility

Size in square feet:

6,500

Business Operation

Expansion potential:

The owner is retiring and has not done alot in the last few years to expand his business. Great potential.

Competition / Market:

Some other competition in the are but this business has been established over 35 years and has built a quality reputation.

Reasons for selling:

Retirement

Employees:

4 PT/2 FT

Years established:

1976

Other information

Support & training:

Will train for a reasonable amount of time.

Financing available:

Negotiable

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)

Lease asking price:

$150,000 (Furniture / Fixtures and Inventory / Stock included)

Relocatable:

This business can be relocated.