MergerPlace

Boat Marine Engine Servicing Business

Washington (King)


  • Asking Price: $150,000
  • Gross Income: $209,528
  • Cash Flow: $68,834
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $100,000
  • Listing ID: #200947
  • Established: 1988
  • Employees: 3 FT/1 PT

Business Description

This is a rare opportunity to own an established high demand business with little competition and high margins servicing the marine leisure and commercial industry. This is a service business on site at the boat's docking location. They have established a solid reputation for service and quality work over the 30 years it has been in business. Currently, there is more requests for work than can be filled on a weekly basis.


Business Details

Primary Business Category: Services - Other Services
Location: Washington
County: King

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $150,000
Gross Revenue: $209,528
Cash Flow: $68,834
FF&E: $100,000
Inventory: $50,000
Seller Financing Available: No

Property Information

Facilities:

Located in an industrial complex, facilities have all equipment and supplies to deliver the services. There is 2400 sq ft with office and shop on a month to month basis. The landlord desires a lease situation with the new owner.

Growth & expansion opportunities:

There is little competition and as there is more demand than can be accommodated. Hiring more mechanics will boost sales dramatically. Growth is projected in double digits for 2017. Advancements in marine engines and computerized systems coupled with the growth of the retiree population, the largest consumer segment of watercraft and sea going vessels, has created a surge in the demand for marine mechanics. Number increases each year and figures show that it will continue to do so for years to come.

Competition:

There is very little competition in the Seattle area. The boat Industry has an overall confident outlook. The general tone going into 2017 is one of optimism and expectations for slow, steady growth to continue. There have been nearly 5 years of growth in the mid single-digit, low double-digit growth in the markets overall, reports Info-Link. Boating Industry readers are even more positive: 78 percent of respondents to a December survey said their 2016 revenue was up from 2015, with over half of all survey respondents saying that revenue was up 10 percent or higher. 2016’s recreational boating industry performance and trends establishes a predominately positive forecast for 2017. U.S. employment grew moderately, with unemployment now at 4.6 percent and consumer confidence averaging 98.4 in 2016, about a point higher than in 2015. Fuel prices trended lower again in 2016, a favorable outcome for consumers and retail marine businesses.

Reason for selling:

Retirement from the servicing portion of the business. The owner will continue to create a pipeline for the new owner. The owner will nurture, mentor and train the new owners as well as ensure a smooth transition to the local framework and negotiate a mutual arrangement.

Support & Training:

Will train for 2 weeks @ no cost. Products include the service all brands of marine diesel engines and generators at the customer's moorage dock as well as rebuild existing engines. Technicians apply the latest technologies in restoring the original specifications and high performance complete with warranties and suggested preventive maintenance programs. They troubleshoot mechanical or electrical issues, offer solutions and perform the work in a timely manner at competitive rates. Boat knowledge, mechanical systems, engine service background most helpful. Services include: Engine Maintenance Service; Fuel Systems – Service and Maintenance; Exhaust Systems – Repairs and Maintenance; Engine Alignments; Engine Rebuilds; Marine Electrical; Marine Gear Boxes.

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Business Listed By:

Claudia Smith

Murphy Business Brokers