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[Under Contract] Marina with Multi-line
Watersports Dealership

Virginia
  • Asking Price$1,450,000
  • Revenue$8,000,000
  • Cash flow$450,000
  • EBITDA$350,000
  • Inventory$250,000
  • FF&E$160,000
  • Real EstateOptional
  • ESTABLISHED2011
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Contact the Broker

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Chad Barbour
919-263-2550

Business Description

Exclusive Market Dealer for Nautique, Aqua Patio, Chaparral and Moomba

Perfect expansion opportunity for an existing dealership, a 1031 investor, or an individual looking to enter the business with some of the industries top brands.  This well-run inland dealership and repair facility is one of the regions premier dealers of Aqua Patio, Chaparral, Nautique, Moomba, Sanpan, and Sweet Water products. 

An experienced sales team is in place and offers customers the financing to help make their boating dreams a reality.  The service department is staffed with certified, and master certified technicians. The business offers a full range of accessories such as life jackets, ropes, and water toys, to boat parts that may be purchased by the do-it-your-selfer.  A newly constructed retail, service, and boat showroom has continued to increase foot traffic and exposure for boat sales and repair.

The business has been pre-screened by an SBA lender and can be purchased with or without the underlying real estate. 

Option 1: Business only for $1,450,000 (price includes $250,000 inventory + $160,000 FF&E) with long-term lease provided by current owner.

Option 2: Business and real estate at $3,400,000 (price includes $250,000 inventory, $160,000 in FF&E, and real estate recently appraised by national appraisal firm at $3,630,000). The total SDE available to a buyer exceeds $565,000, including lease amount.

Either purchase option offers a Buyer between $225,000 - $270,000 AFTER debt service.  Highly confidential listing.  Marketing package and company video available upon signing of Non-Disclosure Agreement and verification of proof of funds. Real Estate available through Pointe Realty Group.

Inventory

Included in asking price

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price

GROWTH & EXPANSION

Due to customer demand for boat sales and repair, Seller has recently expanded the showroom and repair facilities. Contact broker for more details.

Facilities

4000+ square foot showroom, warehouse and repair facility. Property also features 255 feet of lake frontage, wooden docks, and 18 slips. 

Competition

Limited competition in the market area. Exclusive dealership in the region for Aqua Patio, Chaparral, Nautique, Moomba, Sanpan, and Sweet Water products. Multiple income streams include boat sales, boat repair & maintenance, boat rental, sale of accessories, and restaurant sales.

Support & Training

Included in the sale price, Seller is committed to helping a new owner achieve success and will provide substantial post-sale training and consultation. In addition, vendors such as Nautique and Chaparral offer support and training programs. Existing sales manager and service manager have been through extensive training and are expected to remain with the business.

Reason for Selling

Owner operates another non-competing business interest.  

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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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