SOLD! High Growth Lake Products/ Services w/Real Estate

Listing Details:

• Business Category:            Boat Docks/ Lifts & Boat Storage
• Price:                                                 $ 1,350,000
• Includes 30,000 sq ft of building storage on 13.5 acres.
• Gross Revenue:                      $1,482,000
• SDE:                                                  $331,668
• Seller Financing:                         $135,000
• Location:                                          Northern Minnesota Lakes Region
• Employees:                                    1
• Inventory:                                    $20,000
• FF&E:                                               $45,000
• Support & Training:                  4  weeks 
• Reason for Selling:                   Pursuing New Ownership
                                                                Opportunities out of State
• Non Compete:                          100 miles for 5 years
• Years Owned:                            11             

Business Description:

This successfully sold rapidly growing business specializes in docks/lift sales, boat and pontoon storage plus zero turn mower and trailer sales. Located in the northern Minnesota lakes region, they have become widely known for standing behind the products they sell and install. The successful buyer will be able to hit the ground running with ongoing operations and multi-year repeat customer records and references.

Their top of the industry product lines are in high demand, and customers mentally associate their products with fun, recreation, and enjoyment.

History

Eleven-year history of growth by adding industry leading products with outstanding customer service. Built boat storage business since 2018 with four new buildings full of lake toys.

Growth Potential:

Revenue growth in 2020 exceeded 40% with major additional growth planned for 2021 and beyond. Additional growth is available through adding services and expanding boat storage facilities.