Marine Sales and Service
Long established, well respected business servicing the Northern Beaches and beyond for the last 5 decades! Now`s the time for the owner to RETIRE and what an opportunity there is for a new purchaser to learn from the BEST!
The business has three (3) facets.
- Boat Sales- Strong ICON brands suitable for the local conditions.
- Boat servicing.- Two service operators
- Boat Storage.- Big growth area of the business. Councils are making it more difficult for boat owners on the streets.
Sale price $95000 plus stock.Neg.
The sales price includes the goodwill name and assets of the business.
Assets include Trailers, a boat Mould tools etc. A full list available on request.
Stock is flexible. The buyer and owner can discuss.Currently the owner has selected stock owned outright while other stock is purchased through a floor plan arrangement freeing up capital.
It is suggested that a buyer to be able to fund the business could need $100,000 to $200,000 for this purpose. The owner says it is feasible for this type of return to be made annually for such a buyer with adequate working capital.
Over the years, when the owner was slightly more energetic and younger the business was turning over $4ml plus regularly.
2017 Sales $1,609,307
Average Net Profit over these years 2017-2019 $118,298 as Owners salary and profit.
2020 available soon.
The Business operates with the owner and two service/ all rounders. Trading is five and a half days a week.
The Premises are part of an Industrial estate. There is ample undercover area plus outside yard display area for sales and storage. The rent is approx $5777 per month plus GST. The owner, who is seeking to retire, feels that a new fresh buyer, could most definitely, promote the Boat storage aspect of the business which has the potential to in fact cover the full property rental. The current lease started in 2018 for 3 years and expires in June 2021. This allows the new purchaser the opportunity of extending or moving whichever is suitable.
In SUMMARY. A major feature of success for this type of business is the amount of stock on hand. The more you can afford to stock the more sales and profits the business provides. The owner who is in the Retirement phase is not prepared to outlay the stock amount that he did so regularly over the last 50 years ! Stock now is approx $70,000 to $100,000. In 2017 sales were $1.6ml and stock holdings were approx $270, 000 with Floor plan credit provided for $121,000 .
If you are looking for a name that is well known and respected in the industry ,a LIFESTYLE type business, if you love boats and have a facility in place to handle the working capital, then this business welcomes your new fresh ideas for growth.
Please email your Confidentiality agreement and Peter Golding will follow up for you.
- Current Status: Listed for Sale
- Code: PG 400
- Category: Non Food
- Type: Marine sales and service
- Location: Bayview
- Sales: $1,055,000
- Period: Annual
- Net Profit: $118,000
- Rent: $69,325
- Stock: $100,000
- Price: $95,000
- Long Financials: 2017,2018,2019
- Staff: Owner plus two.
- Lease: Landlord happy to offer a new term to an approved buyer.