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Southern Indiana Boat Dealer And Repair Shop

Union County, Indiana, United States
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Asking Price$400k
Revenue$1.55m
EBITDA-
Cash Flow$190k
Description
Turn your love of all things boating into a career with this southern Indiana boat dealer and repair shop for sale. They offer: • New & Pre-Owned Boat Sales • Service & Repair on All Makes & Models • Hauling & Launch • Chemical Cleaning • Winterization • Long-Term Storage New boat sales are the biggest revenue generators for the company. Sales margins for new boat sales are approximately 20%. Pre-owned boat sales generate about a 10% margin. Typical new boats sales are $65,000 and pre-owned boat sales are $25,000. Both sales types include boat, trailer, and motor. This boat dealer also offers repairs. They find repair issues because they use the latest diagnostic tools. Before working on the boat, they talk to the client. By explaining the necessary repairs and the cost, they make sure clients are aware of the issue. On these calls, they get client approval, too. As a result of going the extra mile, they have a loyal customer base. For example, in 2023, they serviced over 400 boats. In fact, many customers seek them out after dealing with other repair shops in the area. Not only do customers come from those seeking new repair shop, but they also come from the internet. More specifically, they come from the company website and listings on Facebook Marketplace and Boat Trader. However, the business is an authorized deal for major boat brands. As result, some customers come from the “find a location near you” on the dealer sites. Additionally, they attract customers from both Indiana and Ohio. Located in Southern Indiana, the boat dealer and repair shop has an excellent location. Minutes away from a popular boating destination, it has great visibility on a busy highway. Potential customers pass it to and from boating. The facility is 3,200 square feet on 7 acres of fenced in property. There are two large service areas, an office/retail area, and ample storage. In fact, they can store up to 150 boats long term. Why are you waiting to make your dream a reality? Contact us today for more information about this opportunity. Don’t let it float away. Investment Considerations: • Turnkey Business • Excellent Local Reputation • Minutes From Popular Lake Destination • Knowledgeable Staff in Place • Policies & Procedures in Place • Continuously Growing Business • Area Exclusive Provider of Popular Boat Brands • Recession Resistant
Real Estate
$350kNot Included in Asking Price
Building Size: 32000 sq. ft.
Inventory
$3k
Number of EmployeesFull-Time: 4
Year Established
2008
Reason Selling
Retirement
Facilities & Assets
The building is approximately 32,000 SF on 7 AC. It has two large repair areas and a small office/retail area.
Support & Training
The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing.
Market & Competition
Competition comes from other boat dealers and repair shops in the vicinity. However, due to their reputation and focus on customer service, they have a reputation as a go-to place. The boat dealership and repair industry is expected to grow by 1.3% over the next five years. Demand, which peaked during Covid, is back to pre-pandemic levels. Spending on recreation and related equipment is on an upward trend.
Growth Opportunities
There are ample opportunities for a new owner to grow the business. These include: • Obtaining Exclusive Dealer Status for Additional Boat Brands • Adding Boat Rentals • Expanding Ecommerce and Online Presence • Selling Service Packages and Additional Add-Ons
Asking Price$400k