Boat dealership for sale - $4.3 million in sales.

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Established in 1991.
Asking Price:
$390,000

Gross Revenue:
$4,320,000
Cash Flow:
$502,000
EBITDA:
$502,000
Inventory:
$20,000
not included in asking price

FF&E:
$90,000
included in asking price

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Business Description

Journey Auto Boats, 193 automotive Dr. Richmond KY. Established in 1991, with same owners and same General Manager. 3.3 acres located on new bypass in Richmond KY (exit #90, on US 25 SOUTH) 1.3 miles off of I-75 and 17 miles South of Lexington KY.

INVENTORY: We carry Bentley, Sweetwater, Crestliner, Aqua Patio pontoons, Crestliner fishing boats, Hurricane deckboats, Mercury motors, Suzuki motors, and Hustler trailers. We sell over 200 boats a year.

You can finance all your new boats on floor plans with Wells Fargo and/or TCF finance. The boat companies are all working with these two banks and will normally give you no payments and free interest on your boats purchased at the annual dealer meeting. The no payments and free interest special normally runs until June of the next year. Plenty of time to sell all our current inventory.

Nationally, we were Bentleys top 4 dealer in 2017 and Bentley's top dealer in 2018. (in the Nation!) People travel from all over the US to buy our boats.

SALES: Our new and used boat sales for the last two years are $4.3 million annually with an cash flow of $451k in 2016 and $502k in 2017. Available for review are three (3) years of our tax records, expenses and sales numbers. According to the general rule of thumb that a business is worth 2 1/2 times its total cash flow - the value of the business is over $1.25 million dollars. I'm selling the business for 31% of its value for a quick easy sale. You can easily get a full return on your investment in one Summer.

LOCATION: 2.2 acres in concrete for boats and customer parking. One acre of gravel for boat and trailer storage is available separate. Six feet high chain link fence with barb wire, new security system and camera system. The office is 32' by 44', with 4 offices, 2 bathrooms, storage room and kitchen with all new appliances. The shop is 40' X 99' (new) with one shop bathroom and six 12' x12' garage doors with openers.

Price includes the business name, phone number, website, 3 forklifts, shop equipment with specialty tools for Mercury and Suzuki outboards, computer and software for Mercury and Suzuki Motors, Misc. oils, filters, props and other parts, office equipment with desk, computers, tables, chairs, shelves and copiers. Pretty much a turn key operation.

LOT IS NOT INCLUDED in the price. Lot lease with purchase of business is $6900 per month, the gravel lot is available for $1000 a month. Business price doesn't include any boat, motor or trailer inventory. Some my be available at the time of purchase.

Lots of room for growth:
1. You could expand your open hours to include Mondays.
2. You could expand and open a parts department and service department - we currently send most customers to other dealerships for these services focusing fulltime on boat sales. Huge growth potential. (Our current shop rate is $129 an hour).
3. You could expand your sales by offering Bass boats and Runabout boats for sale... we currently are concentrating on Pontoon boat sales.
4. Offering shrink wrapping of boats and winter boat storage.
5. You could expand your sells with cars, trucks and RV's.

Great staff, that are extremely knowledgeable in the business and would prefer to stay on and even Manage. We are open Tues - Sat 9:00 A.M. - 5:00 P.M. You could buy the business and be a working owner or turn it over to the Managers and be a silent owner.

Call 859-582-3315 to schedule an appointment.
www.kyboats.net

About the Business

Year Established:
1991
Number of Employees:
4-8
Real Estate:
Leased
Building Sq. Ft.:
5,368
Lease Amount/Mo.:
$6,900.00
Facilities:
Price includes the business name, website, shop equipment, office equipment and forklifts. LOT IS NOT INCLUDED in the price. Lot lease with purchase of business is $6900 per month, the gravel lot is available for $1000 a month. Business price doesn't include any boat, motor or trailer inventory. Some my be available at the time of purchase.

The office is 32' by 44', with 4 offices, 2 bathrooms, storage room and kitchen with all new appliances. The shop is 40' X 99' (new) with one shop bathroom and six 12' x12' garage doors with openers.
Website:
www.kyboats.net
Market Outlook/
Competition:
INVENTORY: We carry Bentley, Sweetwater, Crestliner, Aqua Patio pontoons, Crestliner fishing boats, Hurricane deckboats, Mercury motors, Suzuki motors, and Hustler trailers. We are the only Bentley dealer in KY and we are only one of two Crestliner dealers in KY.

Nationally, we were Bentleys top 4 dealer in 2016 and Bentley's top dealer in 2018. (in the Nation!) People travel from all over the US to buy our boats.
Growth & Expansion:
Lots of room for growth:
1. You could expand your open hours to include Mondays.
2. You could expand and open a parts department and service department - we currently send most customers to other dealerships for these services focusing fulltime on boat sales. Huge growth potential. (Our current shop rate is $129 an hour).
3. You could expand your sales by offering Bass boats and Runabout boats for sale... we currently are concentrating on Pontoon boat sales.


Great staff, that are extremely knowledgeable in the business and would prefer to s
Contact the Seller

About the Sale

Reason For Selling:
Retiring
Training/Support:
Sales staff actually can run the business, but I can do 30 days or longer as needed.

Listing Info

ID:
1386714
Ad Detail Views:
326

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Business Listed by
Kay Mccarty

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Source: Decennial Census (2010), United States Census Bureau.

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