MergerPlace

Marine Repair & Boat Service Business

Northern Neck, Virginia


  • Asking Price: $150,000
  • Gross Income: $470,000
  • Cash Flow: $46,000
  • Real Estate: Not Disclosed
  • Inventory: $24,000
  • FF&E: $27,000
  • Listing ID: #198458
  • Established: 1999
  • Employees: 6

Business Description

Great opportunity to own an established marine service company offering yacht brokerage, maintenance/repair services and charter/event planning for over 15 years. The business is located in the Northern Neck of Virginia and ideally positioned to serve customers with boats all along the Potomac River and its numerous tributaries.

Over the years they have developed an excellent reputation for providing quality customer service. They specialize in catering to the needs of “liveaboard” boaters, but also perform common maintenance and repair services to boat owners including: shrink wrapping and winterization, underside painting and refinishing, dry storage, replacement and upgrade of equipment, haul-out services, mechanical diagnosis and repair of drive systems, engines and generators, and general service on sailboats, inboards and outboard motors.

When the time comes to sell your boat, their experienced staff offers brokerage services as well and assists owners in navigating the process of listing the boat for sale, advertising to potential buyers, and handling the details of the actual sale. They also help prospective boat owners find the right vessel for them as well.

Don’t miss a great opportunity to own a niche and turnkey operation providing sales and service to boaters with a steady and consistent revenue stream.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia
Metropolitan Area: Northern Neck

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $150,000
Gross Revenue: $470,000
Cash Flow: $46,000
FF&E: $27,000
Inventory: $24,000
Seller Financing Available: Yes

Property Information

Facilities:

Open yard w/ Construction Trailer as Office, 40’ Houseboat for Storage, Garage Sized Shed. Yard Contains a 30 ton Travel Lift and a Hydro Transport Trailer (up to 32’ boats).

Growth & expansion opportunities:

Open a DIY (do it yourself) storage area and charge rent. The previous operator generated approximately 80% of revenue from storage fees. Current Owner has 30 active contracts and has been turning away prospective new clients.

Competition:

Minimal direct competition in the industry and market.

Reason for selling:

Managerial responsibilities growing at Marina.

Support & Training:

Owner will provide 30 days of support and training to new owner.

Contact Business Seller

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Business Listed By:

Thomas Hennessy

Horizon Business Brokers, LLC