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Marine Repair Shop with Indoor & Outdoor Storage 6 Acres– Serving the Community Since 1974

Grand Rapids, Kent County, Michigan, United States
listing image
Asking Price$425k
Revenue$370k
EBITDA-
Cash Flow$145k
Description
An Exceptional Opportunity to Own a Long-Standing, Profitable Marine Repair and Storage Business! This successful marine repair shop, established in 1974, has become a trusted name for quality service and reliable storage solutions in the local area. The business occupies 6 acres of outdoor storage, accommodating boats, RVs, and cars, with additional indoor storage for boats, providing year-round revenue. Sale includes all essential tools and equipment, making it a complete, turn-key opportunity. Business Highlights: Over 45 Years of Service: A well-known, reputable business with a loyal client base and strong word-of-mouth referrals. Spacious 2-Acre Property: Offers ample outdoor storage for boats, RVs, and vehicles, meeting high demand in the area. Indoor Boat Storage: Secure indoor storage for boats, providing clients with extra protection and peace of mind. Fully Equipped: Sale includes all necessary tools, equipment, and resources for smooth operation and continued success. Why Invest? Multiple Revenue Streams: Consistent income from storage and repair services, with room for expansion. Turn-Key Operation: Fully established with all assets included, making for a seamless transition. Growth Potential: Excellent opportunity to add services such as winterization, detailing, or increased indoor storage capacity.
Real Estate
Rent is $2,595 per month
Building Size: 7200 sq. ft.
Furniture Fixtures & Equipment
$73k
Inventory
$3kIncluded in Asking Price
Number of EmployeesFull-Time: 2Part-Time: 1
Year Established
1974
Reason Selling
Other opportunities
Facilities & Assets
2 Acres of Boat, RV & Car Storage Indoor Boat Storage Fully Functioning Boat Repair Shop Every piece of Equipment and Tools needed to run the shop come with the Business
Support & Training
Negotiable- 2-4 weeks
Growth Opportunities
Promoting the Outdoor Boat, RV & Car Storage, there's 75 spots available. The yard is only 30-40% full. Indoor Storage -18 spots for Boats, only about 50% Full
Asking Price$425k