MergerPlace

Boat Lover's Dream-Boat Motor Franchise

Virginia


  • Asking Price: $69,000
  • Gross Income: $199,308
  • Cash Flow: $30,485
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #202368
  • Established: 2007
  • Employees: 1 FT

Business Description

If you enjoy the boating life and being around beautiful waterscapes, you will get excited about the opportunity to own one of the premier franchises in the marine motor industry, and that’s just the beginning of this great opportunity. This business is situated right in the middle of your customer base, with an address on the campus of an 80-slip bustling Marina, which has direct access to the James River (and Chesapeake Bay) within minutes.

This is a well known, respected and internationally recognized marine brand with a best-in-class line-up of high performance, clean technology and thrilling propulsion products. What you might not know is this business is strategically located in the perfect location to sell superb boating motors, supply high margin parts and reach a robust density of marine service customers. Consider the opportunity:

1. Hampton Roads is located in a boat loving community
2. This franchise is part of a full service Marina which offers boat slips, boat rentals, boat fueling and boat removal. There is also a convenience store and catering facilities on site. Translation: Your business is located where your customer base plays with and on their boats.
3. Given its location right on the waterway, the business can offer “drive-up” diagnostics, in-water testing and can also serve and access many other boating locations within a very short distance – by land or water.
4. The next closest Marine franchise is located 14 miles away. This is a great size territory with plenty of boat park between competitors.

When you add it all up, this is a fantastic, but limited time opportunity. Hurry – motivated seller -- this business won’t last long.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $69,000
Gross Revenue: $199,308
Cash Flow: $30,485
Seller Financing Available: No

Property Information

Facilities:

This operation is located in a standalone building with 2,500 square foot of operating space. There is a showroom, parts counter and service department as well as convenient customer parking. A long-term, renewable lease of $2,000/month is being offered. Access to all of the Marina services is just a short walk away. This is an ideal location for a marine sales, parts and service business. The signage is included in the purchase price along with essential service tools and current inventory valued at around $25,000.

Growth & expansion opportunities:

This business is ripe for growth. The owner is a very successful businessman in his own right, but admittedly, has not spent the necessary time and resources on this venture due to many other high demanding business interests. This brand, product line-up, strategic location and leveraging on-line parts and service marketing are clear opportunities. The Marina provides an in-house customer base that if mined properly will generate favorable returns for years to come.

Competition:

Surrounded by water, the Hampton Roads community is an excellent marine market with over 60,000 boats registered. The nearest competitor is 13 miles away, but the strategic location of this business in the Marina and on the waterway to the James River is a clear, distinct and marketable advantage.

Reason for selling:

Owner has a portfolio of businesses and desires to pursue other interests.

Support & Training:

All marine motor products are available and the following services are offered at this Platinum Certified E-Tec dealership: · Outboard Servicing · Trouble-Shooting and Diagnostics · Electrical · Lower Units and Gear Cases · Trailer Work / Repairs · Boat Rigging · Boat Bottom Painting and Detailing A working knowledge of boats and marine engines is a definite plus but not required. The passion for boating and the ability to connect with boat lovers is a quality that will drive your business … executing the delivery of superior service will keep the customers coming back for life. Relevant business license already in place.

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Business Listed By:

Hal Feder

Murphy Business Brokers