Yacht Brokerage / Marine Transport Business in Coastal North Carolina

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Yacht Brokerage / Marine Transport Business in Coastal North Carolina
Asking Price:
$950,000

Gross Revenue:
$724,218
Cash Flow:
$246,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$165,000
included in asking price

Real Estate:
$385,000
included in asking price

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Business Description

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

Year Established:
1983
Number of Employees:
4 FT 1 PT
Real Estate:
Owned
Building Sq. Ft.:
3,360
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner willing to train a new buyer for a period of time to ensure a smooth transition with ongoing consultation and support.

Listing Info

ID:
1513099
Ad Detail Views:
1015

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Business Listed by

Ken Puryear

VR Business Brokers

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U.S. Census Data for North Carolina
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for North Carolina
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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