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SOLD ! Well Established Marine Repair & Storage Facility for sale

Ocean County, New Jersey

Asking Price: Gross: Cash Flow:
$255,000 $375,000 $92,350

Furniture and Fixtures Value:
$150,000 (included in the asking price)

Inventory Value:
$120,000 ( not included in the asking price)

Business Summary:
1.5 Acres on deep lagoon. Located within a Marina with 159 slips, clubhouse, fuel dock and Ship's Store. Primary business is maintenance, repair, restoration, power boats and a OEM parts retail store. The business is a full service marine repair and repowering operation working on both motor and sailing boats. The full range of services includes engine repair and replacement, both gas and diesel; electronic services; hull work; painting; hauling; and storage. Work is performed by ABYC certified technicians to full ABYC specifications. The business is also a certified exclusive dealer for various marine engine and generator companies. The business's reputation for high quality work at reasonable rates has helped to maintain a loyal customer base. Also an i/o, inboard, and sterndrive dealer Operates six days per week and 10 months per year.

 
   
   
Year Business was Established: 2000
   
Number of Employees: 3  
   
Facilities / Terms of Lease: Leased waterfront repair shop/parts store and facility with plenty of room for boat storage. Travelift, yard trailer, and mule included. Forklift is leased. Hauling to 40' / 25,000lbs, storage for boats up to 36', inside shop space for three boats simultaneously. Shop size is 20x40.  
   
Owner willing to finance: Financing pre-approved through our preferred lender  
   
Owner willing to train: As much training as needed for a smooth transition  
   
Reason for selling: Relocation  
 

 

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