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Boat Dealer
Location Illinois,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $25021000
Net Profit / Cash Flow $742546
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training As needed to ensure smooth transition.
Reason for Sale Pursue other interests.
Description This fast-growing company sells sport, fish, and express cruiser boats to a regional and national customer base. As a top dealer for one of the most prestigious marine craft manufacturers, the company has always exceeded expectations for sales and profitability. In addition, it was recently awarded a regional franchise for another, extremely popular boat line which is sold at a different price point. This will this bring in an important new customer base for future revenues.
With a strong marketing program in place, the company advertises in the most popular boating consumer publications and at boating shows. However, most of the company's new and repeat business is the result of its widely held reputation for honesty and integrity in the sale of both new and used boats. Well respected in the industry and by its customers, the company has developed a strong base of regular clients who are an excellent source of referrals.
Recreational boating is an economic powerhouse for the United States. During 2007, the number of boats in use rose to 17 million, generating $37.5 billion in sales and services. Future growth for the powerboat industry is being driven by positive demographics, as well as by continuous improvements in both engineering and luxury options. Despite the current economic slowdown, sales of recreational boats are forecast to increase 5.3% annually through 2011.
This is a fun, lucrative, lifestyle-based business that is well positioned to continue on its current growth trajectory. In addition to its expanded product line from the new franchise, there are considerable opportunities to increase revenues from the company's mechanical service capabilities and its used boat inventory. Contact for more information on this Boat Dealer business for sale.
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