Full-Service Marine Repair Business in Attractive Market! (17739)

ServiceFor Sale in WA

Listing ID: Full-Service Marine Repair Business in Attractive Market! (17739) | Broker Listing ID: BLP673921

Financial & Assets Details

Revenues: $419,042

Cash Flow: $180,519

FF&E: $200,000

Inventory: $325,000

Inventory Inc. in Price: Yes

Square Feet: 3000+/-

About the Business

Year Established: 1995

Employees: 2 nonunion.

Seller Financing: Yes

Business Description

Listing provides a full range of marine parts & services for powerboats including repair, storage, and retail of parts & accessories in their storefront. Services are provided on-site in a purpose-built facility in addition to offsite, mobile service capabilities. With secure boat storage & launch/retrieval services; they offer stable recurring high margin & "'annuity-like" income streams. Growing long-term repeat customer bases built over 25 years of operation is composed of high-income residents of the Seattle-metropolitan area owning second "vacation" homes or that have retired in the South Puget Sound. Several businesses and gov't entities with local marine operations, including fisheries, shellfish farms, Native American tribes, coast guards, & law enforcement are also recurring customers. Positioned as a high-quality service provider and reputed for honesty & reliability; their consultative solution-focused customer approach, supported by trained technicians with significant experience across major OEMs (MerCruiser, Volvo, Honda, & Evinrude/Johnson) provide ample credibility and advice. LT relationships with key marine suppliers, including OEMs; provides access to a comprehensive portfolio of marine products. Offering access to a comprehensive portfolio of marine products, the company stocks an extensive inventory of OEM parts & accessories which allows for faster turnaround times and higher client satisfaction. Focusing on recession-resistant categories, revenue and profitability have historically increased during economic downturns ('00-01, '07-09, 19-21) with only one competing OEM-affiliated boat repair business in the county. Competitively protected from new entrants, no similarly capable facility exists or is permitted to be constructed within 20 miles due to zoning restrictions. The business possesses multiple, clear growth strategies; demand is consistently in excess of technician capacity with little to no marketing.