MergerPlace

Marine Engine Sales

Florida


  • Asking Price: $380,000
  • Gross Income: $1,109,414
  • Cash Flow: $138,443
  • Real Estate: Not Disclosed
  • Inventory: $266,373
  • FF&E: $110,368
  • Listing ID: #218714
  • Established: 1985
  • Employees: 4 FT/1 PT

Business Description

This West Florida -Tampa Bay Business has operated as a family business since inception providing the surrounding community with top-notch outboard motor sales, service and an overall retail experience. The retail store provides the boater with supplies necessary for that day's boating experience. The repair shop is led by a Master Certified technician and has 2 experienced tenured technicians who are in various stages of certification. It Includes a full inventory for their engine line.

Located on a well traveled access road within 2 miles of the Intracoastal waterway; they have become a reliable resource to the boating community with high client satisfaction. The location is conveniently located with quick access to major county parks and boat ramps.

Additionally, this business is adjacent to a 160 space, boat storage facility which provides great exposure for repairs to those tenants. Those rental tenants return from their weekend boating activity and place a repair order with the Engine Sales and Service Repair Center to be accomplished during the following days.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT/1 PT

Financial Information

Asking Price: $380,000
Gross Revenue: $1,109,414
Cash Flow: $138,443
FF&E: $110,368
Inventory: $266,373
Seller Financing Available: No

Property Information

Facilities:

The facility has excellent ingress/egress with multiple national retailers close by. The building is a free standing retail building. The air conditioned business building is 2,644 square feet under a roof total of 4,564 sq ft. Outside has ample parking for retail with excellent visibility from the main highway. It has a sizable gated yard for boats in service, overhead canopy cover for technicians to work, a machine shop and secure inventory room. Inside there is a retail counter for retail sales and an inventory parts counter to assist customers. The Triple Net lease on the location is currently $3,043 per month plus $1,002 for pro-rata Taxes, Insurance, Maintenance, Water. Total lease payment is $4,044.42/month. The lease base rent increase 2% after 2 years. Assignment will need to be requested. The business building and it's total property of 37,500 square feet is adjacent to a larger total 3.8+/- Acre parcel; same landlord. There is a right to store up to 8 boats.

Growth & expansion opportunities:

Growth through Sales and Service to the local community is grounded in their years at this location. The convenience of storing your boat in the adjacent storage facility is a trailered boater's dream. Additional opportunity exists for internet sales to enhance their online experience.

Competition:

Their location makes them an enviable location for the weekend boater. There is limited on water marine support in the area and their location makes them a leading source of trailered boat parts and service.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost. The business offers retail products for the standard trailered boat owner with boat sizes of 10 - 36 feet. They are an authorized dealer for Mercury Marine and Magic Tilt trailers. Repairs and service are usually focused on inboard/outboard engines ranging in depth from basic services to major engine overhaul and total engine replacement/repowering. Their dealership has received numerous awards from their dealer suppliers. License required are City, County and State Operator license. It would be beneficial for the owner have a Master Certified Technician certificate but not required. Seller would assist with Authorized dealer application with Mercury and Magic Tilt.

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Business Listed By:

David Kresge

Murphy Business Brokers