Established Marine And Storage Business Opportunity
For Sale
SOLD
Since 1999, this respected Marine and Storage business has been a cornerstone in a popular high-income resort lake area. It’s now looking for a new owner to continue its legacy of success. With a thriving business model and a loyal customer base, evidenced by consistent repeat customers and nearly full storage units (with only one vacancy!), this business stands out in the market.
Offering comprehensive services to cater to all water recreation needs, this business is an authorized dealer for top brands like Kawasaki, Avalon Pontoons, Mercury Marine, and Jet Ski. They provide a wide selection of boats, jet skis, and ATVs. In addition to sales, they offer expert maintenance and repairs through award-winning, factory-certified technicians. Year-round storage solutions, including heated indoor options, ensure optimal protection for clients’ prized possessions. The business also stocks a large inventory of used boats, ATVs, parts, accessories, and water sports gear to enhance time on the water.
The owner is open to flexibility and willing to separate the retail sales and service operation from the storage unit business, allowing a tailored acquisition to meet specific goals.
Financial Details:
- 2023 Revenue: $935,700
- 2023 SDE: $183,527
- Employees: 4 full-time plus the owner
- Real Estate: 65,400 sq. ft. on 14.78 acres
Investment Highlights:
- Turn-Key Operation
- Established brand reputation with a loyal customer base
- Diversified Revenue Streams
- Prime Location on a major Michigan highway
- Over 1,500 lakefront properties on Gun Lake, with significant disposable income
- Dedicated employee base, with key staff members having over 20 years of tenure
- Over 64,000 square feet of Retail, Service, and Storage Facilities on 14 acres
Growth Opportunities:
- Expand Services and Products Offered
- Plenty of expansion space to add additional storage units and retail space
- Capitalize on local economic growth in a resort, higher-income area
- Add additional franchises for ATVs and Marine Equipment
- Initiate sales and marketing campaigns and add sales staff
- Tremendous opportunities to increase sales and revenue
Support & Training:
The owner is willing to assist with the transition to ensure a smooth takeover.
Reason for Selling:
Retirement