Yacht Sales, Service, Restoration, Storage, Transport
NCListing DetailsOffice ID: YACHT1
Status: Closing Date Scheduled
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Listing Price: $790,000
Gross Revenue: $929,494
Cash Flow: $287,699
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will participate in seller financing if required by SBA.
Reason for Sale:Partial retirement and relocation.
Training:Seller will provide 80 hours of transition assistance at no additional cost. Additional support may be negotiated.
Business Description:Located in coastal North Carolina this marine business provides yacht brokerage services, storage, transportation, repair, maintenance and restoration. The business also a new line dealer of several boat models. The business sells and services clients of individuals to large corporate accounts. Recurring revenue is derived from long-term and short-term dry storage. On average the business represents over 50 vessels available for purchase. Note that there are several personally owned vessels on premise that are not included in the sale. A detailed asset list is available in the VDR after completion of the ENLIGN Non-Disclosure Agreement (NDA) which is available at wwww.enlign.com/registration.
Historical Summary:This business is established and deeply rooted in the local community with decades in business.
Owner Qualifications:In addition to general business experience, human resources, sales/marketing, and basic accounting/bookkeeping buyer should have a good working knowledge of both sailing and motor powered watercraft.
Competition:This business has a unique differentiator that allows it to compete in the marketplace that the majority of traditional competitors can not. Details will be provided after buyer registration.
Potential Growth:There is a lot of potential for an owner operator who would like to add products and services. There is adequate space to increase storage. More new vessel brands could be added. Marketing could increase service, maintenance, restoration and transport revenues.
The land and building used in the business are being offered for sale. The estimated value is $385,000. If purchased, the land and building will be sold at bank appraised value. Specifics about lot size, building size and type and location will be provided after execution of the confidentiality agreement.
VERY ATTRACTIVE FINANCING TERMS FOR BUYER OF LAND, BUILDING AND BUSINESS.
Last Updated: Sep 24, 2020 / 11:35 AM
Financial Information Current As Of: Nov 12, 2019 / 5:38 PM