Boat Dealer: Large & Very Profitable
Location: Alabama > Mobile County > Central Gulf Coast
Industry: Retail Stores > Independent Stores
Financials
Asking Price: $6,950,000
Gross Revenue: $11,000,000
Gross Revenue Comments: 2007
Cash Flow: $667,000
Cash Flow Comments: 2007
Inventory: $1,000,000 (Included in Asking Price)
FF&E: $200,000 (Included in Asking Price)
Real Estate: $3,750,000 (Included in Asking Price)
Business Summary
This large boat dealership is the #1 dealer in the Central Gulf Coast region in terms of dollar volume and reputation. The very well established business has earned its enviable reputation with outstanding products and exemplary customer service. Revenue and cash flow for 2007 will be up over the previous year, as the Central Gulf Coast has been named by trade authorities as one of the strongest boat markets in the U.S. The dealership has exclusives on some of the most desirable boat lines in the marketplace. Seasoned management and qualified employees are in place with extremely low turnover. Invest in this business and enjoy strong cash flow from your first day of ownership while living in one of the most desirable areas of the country with stunning natural beauty and a very strong local economy. Buyer must have financial capacity to invest in this opportunity and to assume the floorplan credit lines for the existing inventory of new boats and motors. For additional details on this truly outstanding business, please contact William Bruce at (251) 990-5910. (The real estate portion of this offering is represented by a Mississipi licensed real estate broker.)
About the Business
Facilities: The modern, highly visible and well planned facility is perfect for this dealership.
Market Outlook and Competition: A trade association report recently showed that the Central Gulf Coast was one of the top two boating markets in America. Additionally the South Alabama / Mississippi market was recently predicted by the respected Moody’s Economic Research Group to have the fastest growth rate over the next 5 years of all 363 metro markets in America. It's an exciting time to be on the Gulf Coast. There is no recession here!
About the Sale
Management Training and Support: The seller is fully committed to a seamless transition and will fully train a new owner in all aspects of the business. Additionally, the manufacturers who are represented by the dealership have excellent initial and on-going training programs.
Reason For Selling: Retirement

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BizQuest ID:909752
Business Listed By
Name:William Bruce, ABI
Company:William Bruce, Accredited Business Intermediary
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