Small Summer Boating Business has Major Growth Potential!
Financial Summary:
2014 Sales: $211,161
2014 Net Income: $58,911
2014 Seller’s Discretionary Earnings (SDE): $62,963
Investment Highlights:
- Consistent and Steady Sales Growth – Repeat business and increased demand continue to provide the Company with a significant and consistent revenue stream year to year. In the past several years, the Company has experienced 10-15% sales growth.
- Seasonal Lifestyle Business – The busy season for business is between Memorial Day and Labor Day, which leads to reduced workflow during the winter months.
- Customer Base – Due to exceptional and honest customer service, customers continue to come back for service and new projects despite very limited marketing to them.
- Largest Area Boat/Watercraft Inventory – The Company is the only local provider of kayaks, paddle boards, canoes, tubes, and fishing boats. This marina is the only company to offer hourly or four hour pontoon boat rental.
Growth Opportunities:
- Boat Service – The Company has begun to offer boat service due to the large demand from boat owners. This has proven to be a profitable service offering and would undoubtedly pay off big if a new owner focused on expanding this service.
- Snowmobile Service – The local area has numerous outdoor recreation opportunities and a large population of snowmobiles whose business could be harnessed. Adding this service would be a great stepping stone into year round business and sales.
- Boat Sales and Dealer’s License – Adding watercraft to their sales offering could allow for a significant revenue increase.
- Booking and Reservation Software – The Company currently has an online system that generates a call and an email when a customer makes a reservation, but this could be completely automated and designed to print out a rental agreement with a booking. It would take about three months to accomplish this, the owner estimates.
- Fueling Station – There is currently no gas station on the lake. There is a fuel tank on the Company’s property that is ready to be used.
About the Business:
Established over 12 years ago, the Company is a profitable and growing business offering a variety of watercraft rentals, power sports service, and storage/winterizing services. This small Company is located on a popular west Michigan all sports lake and has continuously experienced year-over-year sales growth of 10-15%. This is a perfect opportunity for a water sports lover to earn a living on the water!
The current ownership would like to sell the business as it has grown to a point where he can no longer manage and grow the business due to his current full-time occupation.
Please inquire below for access to a complete Offering Memorandum that contains the following:
Company History/Overview
Information about Customers
Information about Service Offerings
Management Team & Personnel
Technology & Software
Facilities
Detailed Financial Addendum
Interested parties must demonstrate proof of financial capability. Inquire today about this seasonal Michigan business for sale!
