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Marine Dealership And Services - Cottage Country
Location Saskatchewan,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $1900000
Net Profit / Cash Flow $212000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 6 - 9
Inventory Building land fuel tanks and dispensers equipment customer lists supplier lists and tools.
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Retirement.
Description This marine services company for sale offers top brand marine products and parts for sale. In addition, they offer repair services and operate a retail gasoline and convenience store.
They operate in a cottage country ''destination area.'' They are highly visible on a major route. The business is highly profitable, well-maintained, with an established reputation and skilled mechanics.
An increase in leisure time availability can lead to an increase in demand for boats and related expenditures. The major market for boat dealers is consumers who are more than 40 years old. In Saskatchewan, 48% of the population is over the age of 40 (2006 Census). As baby boomers begin to retire, the industry will see an increase in recreational boating, which includes fishing boats, pontoon boats, and other leisure boats.
This established business is in a prime location with an increasing amount of economic wealth and summer home ownership in the area. Now is the optimal time to enter this business as the baby boomer generation is retiring, increasing leisure time and thus increasing boating purchases. The company expects to see continued growth over time and new owners can expand the business further with additional product lines and marketing efforts.
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