Marine & Vessel Repair & Service (37613)
ServiceFor Sale in FL
Financial & Assets Details
About the Business
Business Description
Month to Month Lease, Easily Relocatable! Boasting a reputation for high quality standards and attention to detail, the company is a repair and service provider specializing in outboard boats. Acting as an authorized claim and service center with factory trained technicians, the primary services include engine repairs, vessel services, cleaning services, part and engine sales, and pre-purchase inspections. Located just 30 miles from Palm Beach, the leased 2,640-sq.ft. facility includes a storefront, warehouse, storage yard, and office space. With six experienced personnel, they have a proven track record, supported by nearly 20 years of ongoing business. The marketing efforts focus on targeting individual boat owners (95%) and commercial fleets (5%) within Martin county and surrounding areas of East Coast Florida. Revenues have been steady over the past five years due to an improving local economy. Last year, the total revenue was $628,011 with Seller’s Discretionary Earnings of $179,379. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.
Seller Financing
Negotiable for the right buyer.
Support & Training
Up to 6 months.
Reason for Selling:
Approaching retirement.
