Listing Number: 189597-381957
Description
#1 marine services brand in the country. This owner has exclusive rights to operate the Franchise in North Jersey. This location has 1,550 members paying $249/year. The location has been in business for 36 years and is very well known in the area. Current owner purchased the business 17 years ago. There are 6 licensed captains who have been working there for many years. Significant income and referrals come from insurance companies. Current owner works as one of the captains, but business can be run absentee by giving more hours to the other captains. This is a seasonal business which would allow the new owner to have other business interests in the winter months. This Brand only has 5 locations in NJ and there hasn’t been one available in 8 years! The brand isn’t selling new territories in NJ so this is a very rare opportunity to purchase a membership based marine services business and be able to live a relaxed lifestyle on the water “working” only 6 months a year! Sale includes 4 well-maintained boats and other equipment worth 300k. Membership pricing has increased by 25% this year, which will result in over $250,000 in cash flow for 2024.
Listing Details
- Price: $725,000
- Down Payment: $75,000
- Sellers Discretionary Earnings: $265,000
- Total Sales: $482,000
- Location: Monmouth County, New Jersey
- Inventory: $0
- FF&E: $300,000
- Employees: 6
- Year Established: 2003
- Reason for Selling: Retirement
- Category: Marine Related
