Price Reduced Marine Service & Repair Shop With Real Estate

Listing Number: 76931-751443

Description

This reputable marine services company has been a cornerstone in the industry since its establishment in 2009 by a dynamic Father and Son duo. Specializing in general maintenance and repairs, engine re-powers, and parts, we are dedicated to providing top-notch services to valued clients.

The business expertise extends to the sale and installation of outboard engines, representing a major brand. Additionally, the business stocks and sells a wide range of marine products, including trolling motors, jack plates, marine electronics, batteries, filters, and oil. As authorized warranty service providers for the brand they represent, their commitment to quality is unwavering.

The team, largely self-sufficient, is equipped to handle custom projects and serves numerous guides and commercial boat owners. An in-house test tank allows the business to run and test engines on-site, eliminating the need to take boats off-site for testing.

Conveniently located on the Gulf Coast, the property, spanning 54,677 sq ft or 1.2552 acres, is an excellent investment opportunity. With various buildings catering to boat repair, storage, and offices, there's additional income potential. Currently, a two-bedroom, one-bath apartment is rented, and there's space for renovation to create a storefront or office space for additional revenue streams.

Unfortunately, with the passing of the Father, the Son, who manages another business, has decided to offer this well-established enterprise for sale. This presents an excellent opportunity for an astute entrepreneur to acquire a turnkey business and redirect its focus for renewed profitability.

Don't miss the chance to be part of a respected marine services business with a legacy of quality service. Offered at just $545,000 which includes the Real Estate valued at $480,000 this opportunity won't last.

Listing Details

• Price: $499,000
• Down Payment: $499,000
• Sellers Discretionary Earnings: $27,359
• Total Sales: $246,234
• Location: Galveston County, Texas


• Inventory: $30,000
• FF&E: $75,000
• Employees: 3
• Year Established: 2009
• Reason for Selling: Family/ Other Business
• Category: Marine Related