Outdoor Water Recreation Sales and Rentals (second sale) NCListing DetailsOffice ID: OUTDOOR2 Status: Sold Listing Broker: Jeff Snell, M&AMI, CBI, ABI Listing Price: $195,000 Gross Revenue: $305,155 Cash Flow: $69,000 Inventory: $50,000 Inventory Included: No FF&E: $48,000 FF&E Included: Yes Accounts Receivable: $10 Down Payment: $55,000 Sale Price: $155,000 Sales Structure: Asset Sale Seller Financing: Yes Financing/Terms: Asking price is $195,000 PLUS inventory at cost as of the day of sale. Seller will partially finance qualified buyer with buyer Personal Guarantee and UCC Filing covering assets being sold.Absentee Owner: Yes Reason for Sale: Seller is absentee and lives out of state. Seller would like to consolidate business capital.Training: Seller will provide transition support in person and remotely by phone/email as appropriate.OperationsYear Established: 1992 Form of Ownership: S Corp Employees (full-time): 2FT, 4PT Managers: 1 Business Hours: 10am-6pm days dependent on season Summary Business Description: Provides water related product sales and rentals (Canoes, kayaks, paddles, PFDs) and related accessories and apparal. Conducts river trips and special events such as kayak and canoe trips to groups and organizations such as the Boy Scouts and church groups, birthday parties, day camp programs and trail/river/lake packages.Historical Summary: Started in 1992. Sold in 1996 to prior owner. Sold in 2006 to current owner. Off season; 4 employees, on season 8 employees all part-time. Approximately 70 percent of trip scheduling/reservations are done online. Some retail.Owner Qualifications: General and administrative skills, accounting/payroll . Staff solid on products and services.Competition: Access at this river point is restricted to this companys trips. Not very many options for boat rentals even in an extended geographic area. Big box retailers sell like product.Potential Growth: Seller believes that river trips can be grown. Onsite owner operator has obvious benefits. Establishing relationships with organizations will establish significant recurring revenue model.LocationType of Location: Stand Alone Real Estate for Sale: Yes Facilities: Landlord owns retail building, land in back available and 1/4 acre additional for boat storage lot. Different landlord collects monthly for river access lease. Last Updated: Dec 18, 2017 / 11:53 AM Financial Information Current As Of: Jul 23, 2013 / 2:17 PM  |
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