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Semi-Absentee Nationally Recognized Boat & Power Sports Dealer SBA Fin

Price: $5,000,000.00
Location: Texas
DESCRIPTION:

Semi- Absentee owners are ready to retire. Business has long term Management in place. General Manager has 9 years in current role and 22 years with the business. Handles all of the day to day operations including, hiring, payroll, scheduling employees, inventory planning and vendor management. Business Manager takes care of AR/ AP, Tax filings, Payroll and Bookkeeping.

Three owners mostly assist with Sales and Delivery Prep. Would need to hire at least one full time salesperson to replace the semi-absentee owners.

Great Financing In Place for Well Qualified and Experienced Buyer. Loan can cover the business and the property. Moderate Down Payment.

Boat, Personal Watercraft, ATV, UTV dealership and service center, within 1 hour of the Houston Metropolitan Area. This is the largest boat dealer in the area. Boat sales include new and used pontoons, fishing boats, jon boats, bass boats, personal watercraft and more from national top-named brands. ATV and UTV sales also include new and used four-wheelers and side-by-sides from the top brands in the nation. This dealership services customers from multiple large lakes and the bay area around south-eastern Texas; and areas from Galveston to north of College Station. The owners founded the business 32 years ago and have steadily grown and improved it to become recognized as the #1 dealership in the area and nationally recognized by the major brands it represents. Modern facilities showcase their professionalism, quality products, and customer service that is provided by this dealership. The Service Center is the recommended repair shop in their service area for all ATV’s & UTV’s, along with boat and personal watercraft servicing. In addition to the cash flow, there is an imputed rent of $120k per year which will pay for the Real Estate.

LISTING DETAILS:
Total Sales: $8151,506
Cash Flow: $1,033,532
FFE Included: Yes
FFE: $200,000
Reaseon For Sale:

Retirement

Training & Support:

Owners are willing to provide 30 days during the transition.

OPERATION:
Year Established: 1986
Employees: 12
Managers: 3
LOCATION:
Type of Location: Sales Lot and Showroom
Square Footage: 16000
Facilities Information:

The location sits on approximately 2.7 Acres with significant main highway visibility. There is over 16,000 square foot of showroom, offices, and service bays. New and remodeled construction within past 10 years. Concrete parking and plenty of outdoor storage for incoming new units and to display used units for sale. Easy access to the lake for boat & personal watercraft demo drives and on-site, off-road track for ATV & UTV demo’s. The easy access to the lake also enables testing of repairs and new unit dealer prep.

SUMMARY:
Competition:

This is the largest dealership in the general area it is located. There are competitive boat dealerships located on different lakes approximately 1 hour away.

Potential Growth:

The addition of other boat and watercraft brands with a focus on the needs of the local boating community may increase product breadth and bring other brand loyal customers to the business for sales and service. The business currently enjoys a healthy backlog of service work. Adding staff may help reduce the backlog and increase service turns resulting in increased service sales velocity. On-line Parts and Accessory sales would boost UTV revenues as many UTV buyers look to customize their UTVs with lift kits, tires, speakers, etc.

Financing/Terms:

10% down SBA Loan.

For more information on this listing, please complete our Non-Disclosure Agreement

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