Price Reduced Marine Service & Repair Shop With Real Estate

Galveston County, TX
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Asking Price:$499,000
Gross Revenue:$246,234
FF&E:$75,000
Established Year:2009
Cash Flow:$27,359
Inventory:$30,000
Real Estate:$460,000
BUSINESS DESCRIPTION

Excellent Location. Space for Storage Unites Rentals.

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-751443

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.


DETAILED INFORMATION
Location
Galveston County, TX
Inventory
Included in asking price
Real Estate
Owned
Building SF
54,677
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Commercial/Industrial/Lot & Buildings
Growth & Expansion
Marketing efforts could be enhanced with the increased use of social media, paid search, organic search, and SEO. Additional opportunity to create a stronger website and online presence to elevate this concept to the next level. They have been primarily doing business via word of mouth with no marketing. There is much potential growth for an owner motivated to actively operate the business and seek additional work. Current Owner is semi-absentee with self-sufficient team working mostly on their own.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Family/ Other Business
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Wayne
Blease
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Wayne Blease