Marine Service in York County, Maine – Seller Financing Available!

Price: $575,000

Location: York County, Maine

Industry: Automotive and Boat

Listing ID: CM53023

Seller Financing Available!

Looking for a strong seasonal business that gives you winters off?  This just might be the one for you!

This thriving company offers all sorts of boat repair, maintenance, hauling and storage.  They are situated in a popular tourist area, on a very busy numbered state road and less than ½ mile to an interstate highway.  The company is a well-regarded dealer for two major marine manufacturers.

Services include:

Spring commissioning and end-of-season winterizing including shrink wrap service.

Launch and retrieval with hydraulic transport trailers.

Repair / maintain / replace engines, outdrives, outboard motors, jet drives, etc.

Seasonal hull and engine maintenance

Installation of electronics

Boat storage options include inside heated, covered unheated and yard (uncovered, unheated). This business holds an impressive 10 spaces for inside storage, 12 spaces for outside covered storage, and 90 outside, uncovered spaces.

Financials

Asking Price: $575,000

Gross Revenue: $830,000

Cash Flow: $290,000

FF&E: $200,000 +/- (included in the sale price)

Inventory: $20,000+/- (included in the sale price)

Real Estate: Might be available. Incidental to the sale of the business. Subject to commercial appraisal. Purchase for $1.2M or lease $4,000/month

Year Established: 1992

Employees:  6 FT, 1 PT (including seller)

Payroll: $ 332,000 / year (seasonal)

Opportunities for Growth: Add boat brokerage services.  The seller currently turns many requests away.

Note: Financials are seller-provided and not audited by Inbar Group ,Inc.

Gross Revenue: $830,000

Cash Flow: $290,000

Seller Financing: Yes

FFE: $200,000 (Included in price)

Inventory: $20,000 (Included in price)

Real Estate $1,200,000

Terms & Conditions:

Might be available. Incidental to the sale of the business. Seller estimates the value at $1.2M. Subject to commercial appraisal.

Reason for Sale:

Retirement

Year Established: 1992

Employees: 6 FT / 1 PT (including seller)

Facilities Information:

Real Estate might be available. Incidental to the sale of the business, subject to commercial appraisal. Real estate has option to buy at 1.2M or lease for $4,000 per month.

Potential Growth:

Add boat brokerage services.  The seller currently turns many requests away.