Asking Price: $950,000 Gross Revenue: $724,218Cash Flow: $246,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $165,000 included in asking priceReal Estate: $385,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This Yacht brokerage / marine transport business has been operating successfully for over three decades. They have two locations with the main facility in eastern North Carolina, with an additional yacht broker located in Myrtle Beach, South Carolina. They offer sales and service of new and pre-owned yachts as well as a dealer for several lines of smaller sail boats. The current inventory consists of a mix of both sail and powerboats ranging in length from 12' to 58'. They also offer a yacht transport service with over 25 years experience delivering power and sail boats with specially built hydraulic and “low boy’ trailers that allow for a customized support system that ensures a safe transport as well as they can load and unload without the need for any special equipment or lifts. The income is an even split between boat sales and boat storage, service, and transport portion of the business.
The business is on located on 2.4 acres with a large fenced in dry storage area for boats up to 45’ in length. The dry storage area has both power and water for the boat owners. A well equipped shop with an oversized door allows for service and repair of larger jobs needing an inside space. They also offer basic fiberglass repair, rigging work, bottom painting, Awlgrip painting and custom boat restoration. This business is a "turn key" opportunity and comes with everything needed to ensure continued success including two large transport trailers as well as 3 trucks used in the operation. The property was appraised for $385,000 in Feb 2018. With excellent books and records it will qualify for an SBA loan. This is the perfect opportunity for someone with a love of the water with a desire to work for themselves in one of the most desirable areas of coastal North Carolina.
About the Business
Number of Employees:
4 FT 1 PT
Building Sq. Ft.:
The business is located on 2.4 acres with an 3360 sq ft office/shop. A large fenced in area supports a dry storage facility as well.
Minimal competition as they have been in the area for over 30 years and are the only marine transport business within 50 miles.
Growth & Expansion:
Great opportunity for growth as the coastal area of North Carolina continuously grows in population at a rapid rate. Adding a new power boat line would also increase sales.
Yacht Brokerage / Marine Transport Business in Coastal North Carolina
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