90 Year Old Successful Wooden Boat

Illinois, New York

  • Asking Price: $700,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #226671
  • Established: Not Disclosed
  • Employees:

Business Description

Amazing Opportunity!

This highly respected boat business is one you do not want to miss out on. The existing owner has been in this business since he was a kid and is willing to help a new owner out. This business has withstood all adverse economic conditions and continues to thrive. The unique structure of this wooden boat business is the six different income streams it provides the owner. They provide services such as general maintenance of boats, full restoration of boats, in-and-out service for the boats through their river location, consignment sales of wooden boats, and storage in the offseason.
The business operates out of two separate locations that are 5 miles apart with the main building located on the river. They provide an in-and-out service to the wooden boat owners because they have specialized lifts that will not damage the boats. At the river, location is also where they restore and maintain the lengthy list of customers boats from throughout the years. This building is also for sale and but not included in the asking price.

The second location is an 18,000 square feet showroom and storage facility. In this location, they have wooden boats of all kinds for sale on consignment. The boats that are for sale, also pay a monthly storage fee. They have built the showroom out with several docks for easy viewing of the boats for sale as well as 3 offices that they hold customer meetings and community meetings. The owner spared no expense when building the showroom docks and offices. The remainder of this facility is storage for boats, RV’s, etc. There is also additional space outside that is gated that is rented out.

Come check this business out today as it could be the wooden boat capital of the Midwest and has several opportunities for growth with minimal effort.

Business Details

Primary Business Category: Manufacturing - Wood Products
Location: New York
Metropolitan Area: Illinois

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $700,000
EBITDA: $242,000
Seller Financing Available: No

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Business Listed By:

Rick Brown

MergersCorp M&A International