All-Inclusive Boat Dealership w/Property

Located along the Western Coast of Florida, this boat dealership offers top-of-the line products and service, from new and used vessels, to certified full-service maintenance, engine repairs, parts & accessories. Keeping up with industry standards and developments, the company also owns a retail shop that offers boating supplies, trailer materials, and several exclusive brands with warranty. Found in prime condition, two locations with over 6.4 acres of land collectively that have around 15,400 square feet. The property features a newer warehouse and remodeled office and retail space along with production and yard areas. The property can handle tactical expansions, is included in the listed price and will have an appraisal available soon. A strong Floorplan Inventory hovering over $4,000,000 is transferrable to the buyer and $1,500,000 of traditional inventory is included in the price. Enjoying a flexibility for optimizations, new facets of the business are to bring about $100K in annual profit this year, with potentials to take sales to the next level through extra advertising and added partnerships promising growth. Experienced team of 25 nonunion employees with excellent cross-training and management in place are most likely to remain post-sale and continue quality-focused operations after a standard owner transition. Besides a maintained website and engagements on social media, marketing relies mostly on on backed verbal referrals from their large and repeating customer base, thanks to years of high ratings and ongoing reputations. With 2022 Revenues near $18.5 Million and Discretionary Earnings up to $1,900,000 revenues for 2023 are stabilizing with a strong foundation.
Listing carries current Receivables & Prepaids of $245,038, includes Equipment of $500,000 and Inventory valued at Non-floorplan for $1,500,000. Property marketed at $2,270,000 is subject to appraisal and included in purchase.