Advert Ref: JT0621

Profitable Marine Dealership, Northern California For Sale

  • California - North
Asking price:
$975,000
Sales revenue:
$2,800,000
Net profit:
$275,000

Photograph of this business for sale

SBA Pre-Qualified!

This well-established and highly profitable MARINE DEALERSHIP has been serving Northern California for over 22 years. A new owner will benefit from multiple revenue streams ranging from high-end boat sales to rental income deriving from RV and boat storage. In addition, the business is a fully equipped boat service and repair shop offering services varying from routine maintenance to high-performance installations. The business is an authorized representative of multiple National inboard/outboard brands. The impressive inventory collection includes a variety of pontoon, fiberglass, and aluminum boats, as well as used and consignment offerings.
The property is in a great location with ample parking, high visibility, and adjacent to a very high-trafficked road. The property has an efficient layout with the main building comprised of a showroom with a retail counter, office space, storage rooms, large warehouse space with four roll-up doors with extended aluminum movable bays.
Some notable equipment included in the sale are three forklifts (Toyota 30, Nissan 35, Hyster Diesel 80), a scissor lift, a Gantry crane with electric hoist, Land & Sea DYNOmite dynamometer, Outboard Evinrude test tank, Sonic cleaner tank, a mill drill, Husky air compressor as well as a extensive list of many specialty tools and machinery.
Additional Details
• Gross Sales have ranged from $2.5M – $3.2M, with very strong sales YTD.
• Lease is currently year-to-year. A new buyer may negotiate a long-term lease with landlord.
• Rent is approx. $23,186 per month for an 21,520 sq.ft. building on over 4 acres.

Property:
Leasehold
Lease terms:
Lease is year-to-year. Buyer will have opportunity to negotiate new, long-term lease with landlord.
Leasehold rent:
$278,232

Reasons for selling:
Owners are pursuing other business opportunities.
Employees:
6
Years established:
22

Support & training:
Owners are willing to provide training for a period of two weeks following the close of escrow.
Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
$150,000

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