Gross Sales: $5,128,769 (Average Sales Last 3 Years.)
Seller’s Discretionary Earnings: $564,637 (Last 3 years’ average.)
Inventory: $90,000 (Excluded in Asking Price.)
FF&E: $60,000 (Included in the Asking Price.)
Asking Price: Offers Solicited
Outstanding business opportunity to purchase the Northeast distributorship for this highly-regarded, marine-related product line which dominates sales in its category. This nicely profitable distributorship has been in business for 40 years and has a stellar reputation for quality products and services.
Key points to note are:
This product line is so well received and respected in the marketplace that it captures over 95% of sales in its category.
Product Sales are approximately 60% of revenue, with an additional 40% of revenue comprised of ongoing service and parts sales.
The business enjoys steady sales of replacement units for the large installed base. Additionally, the acknowledged upgrading of boats in the industry is driving significant new sales for larger capacity units.
Revenue will continue to expand due to the recent introduction to the market of a related product line newly developed by the manufacturer.
There are virtually no inventory costs as product is prepaid prior to delivery.
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