Description

This well-established marine boat & engine dealer has been in existence for 10+ years, and sells and services exclusive manufacturer lines, major engine brands and respective spare parts. It’s location on the southern Jersey shore (not on the water) provides an excellent base for long- term customers, and with quite a few of its customers located as far away as NY or PA. The company is known through word-of-mouth and is represented on all well-known trade show exhibitions in the North-East.

The company enjoys a competitive advantage by its location and by providing historically dependable services to a stable consumer base, some of which have been with the company since inception. In addition, the company has exclusive rights to specific boat lines and provides full sales/service of Yamaha and Evinrude engines – providing natural sales growth opportunities moving forward.
The company has been fully reviewed and conservatively appraised by a well-known, accredited national valuation firm. A full valuation report is included in the prospectus. There is no debt to be assumed and the deal includes $2m+ in assets. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $50k benefit in after-acquisition-debt cash flow.

A comfortable six months transition period will be provided by an owner who truly wants to continue to see his business flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Posted Nov 17, 2016

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