Full service marine repair business in attractive market w/ steadily growing repeat customer base, strong positioning, attractive location & facilities, limited competition, & clear growth opportunities

Provide full range of marine parts & services for power boats up to 32 feet in length, including repair, storage, and retail of parts & accessories
– Service: Marine engine and component repair services on-site in purpose-built facility, and offsite via service calls to various customer locations
– Parts: Sell parts, accessories, and consumables packaged with service offering, as well as to customers directly via front of store retail space
– Storage: Outdoor uncovered secure boat storage & launch/retrieval services; provides stable recurring high-margin "annuity-like" income stream

Growing long-term repeat customer base built over 25-years of operation, composed of higher-end customers in two categories
– High-income residents of the Seattle-metropolitan area owning second vacation homes or that have retired in South Puget Sound
– Businesses and gov’t entities with local marine operations, including fisheries, shellfish farms, Native American tribes, coast guard, & law enforcement

**For each of last 5-years, ~80% of revenue has come from repeat customers**

Positioned as high-quality service provider with reputation for honesty & reliability; consultative solution-focused customer approach, supported by
– Trained technicians with significant experience across major OEMs -- MerCruiser, Volve, Honda, & Evinrude/Johnson, providing credibility to advice
– LT relationships with key marine suppliers, including OEMs; provides access to comprehensive portfolio of marine parts & accessories

In 2024, business generated $715k of revenue, $275k in SDE, and $180k of EBITDA. Revenue & SDE have grown at 10-15% CAGR for the last 5-years, with a strong '25 outlook & beyond

Contact us to receive a detailed teaser with additional information