Listing Number: 76931-812771
Marine engine and boat parts warehouse for the recreational marine industry.
Business currently operates out of two different facilities, one located in Houston (inside 610) that is owned and one leased satellite retail location in Bay Area. A new buyer is to purchase the central Houston location for sale and assume the lease of the retail outlet.
Business also operates a full-service repair shop for most marine diesel and gasoline propulsion systems. 2020 Revenues were $1,921,691, with a cash flow of $154,690, and a seller’s discretionary earnings of $120,827.
Please note, business is being offered for sale at $362,482, plus real estate offered at fair market value of $875,000, and extensive inventory valued at $623,606 for a total combined sales price of $1,861,088. Seller is prepared to offer seller financing for inventory to a qualified buyer.
- Price: $363,000
- Down Payment: $363,000
- Sellers Discretionary Earnings: $154,691
- Total Sales: $1,920,692
- Location: Harris County, Texas
- Inventory: $623,606
- FF&E: $117,311
- Employees: 9
- Reason for Selling: Other
- Category: Marine Related