- 1824 Store Street, Victoria, BC, V8T 4R4
Successful Boat Maintenance Business on Vancouver Island
By Keith MacKenzie
Asking Price
$460,000
SDE
$163,976
EBITDA
Industry
$93,976
Marine/Boat Service and Dealers
Gross Revenue
Location
$799,992
Comox, British Columbia
Embark on a maritime venture like no other with the acquisition of this distinguished boat repair and maintenance business nestled in the heart of Comox, British Columbia. A maritime heaven since the late 1970s, this establishment has firmly anchored itself as a trusted service provider to the local marine community, offering unparalleled expertise in boat accessory installation and custom craftsmanship.
Distinguished as an authorized dealer and repair facility for one of the industry's most revered brands, this business has navigated the waters of success with finesse. Boasting a wealth of experience in repairing both inboard and outboard engines across various brands, this enterprise has become synonymous with reliability and proficiency.
Nestled along a high-traffic road for seamless accessibility, this business boasts a team of skilled and certified journeyman marine technicians, accumulating over 75 years of combined expertise. From routine maintenance to intricate repairs, their dedication to exceptional customer service is unwavering, with an open-door policy that invites customers to engage directly with the technicians, fostering transparency and trust.
With consistent sales and profits throughout its storied existence, this enterprise stands tall, debt-free, and armed with $90,000 in working capital, including an inventory worth $66,000.
The seas of opportunity are vast, and with exceptional growth potential, this business is a beacon for the next owner to navigate the currents of success and propel it to even greater heights.
Internal ID
1156
Number of Employees
5
FF&E
$7,757
Inventory
$66,260
Reason for Selling
Owners are looking to retire.
Facilities & Assets
This business is a locally owned marine repair center servicing the Comox Valley. They can accommodate 10-15 boats on its premises at a time, and also have designated areas for storing larger boats until they are ready to be serviced. The workload remains consistent throughout the year, enabling it to keep a steady pace of operations with no seasonality.
The business has the option to renew the lease for the facility, which will expire in June 2023. They maintain a fair rent and positive relationship with the landlord and have already informed them of the intent to sell.
Lease
Monthly rent: $3,869
Growth & Expansion
This business currently relies on word-of-mouth referrals for its marketing and sales strategy. They maintain a functional website and prioritize excellent customer service. They do not advertise through traditional newspapers or social media platforms. However, they respond to Google reviews and strive to provide good customer service to retain customers and solve any issues that may arise.
Growth Opportunities
- Creation of an advertisement and promotional budget
- Explore print advertisements in local newspapers and magazines
- Explore radio advertisements
- Creation of social media platforms to expand brand awareness
Asking Price
$460,000
SDE
$163,976
EBITDA
Industry
$93,976
Marine/Boat Service and Dealers
Gross Rev.
Location
$799,992
Comox, British Columbia
Embark on a maritime venture like no other with the acquisition of this distinguished boat repair and maintenance business nestled in the heart of Comox, British Columbia. A maritime heaven since the late 1970s, this establishment has firmly anchored itself as a trusted service provider to the local marine community, offering unparalleled expertise in boat accessory installation and custom craftsmanship.
Distinguished as an authorized dealer and repair facility for one of the industry's most revered brands, this business has navigated the waters of success with finesse. Boasting a wealth of experience in repairing both inboard and outboard engines across various brands, this enterprise has become synonymous with reliability and proficiency.
Nestled along a high-traffic road for seamless accessibility, this business boasts a team of skilled and certified journeyman marine technicians, accumulating over 75 years of combined expertise. From routine maintenance to intricate repairs, their dedication to exceptional customer service is unwavering, with an open-door policy that invites customers to engage directly with the technicians, fostering transparency and trust.
With consistent sales and profits throughout its storied existence, this enterprise stands tall, debt-free, and armed with $90,000 in working capital, including an inventory worth $66,000.
The seas of opportunity are vast, and with exceptional growth potential, this business is a beacon for the next owner to navigate the currents of success and propel it to even greater heights.
Internal ID: 1156
Number of Employees: 5
FF&E: $7,757
Inventory: $66,260
Reason for Selling
Owners are looking to retire.
Facilities & Assets
This business is a locally owned marine repair center servicing the Comox Valley. They can accommodate 10-15 boats on its premises at a time, and also have designated areas for storing larger boats until they are ready to be serviced. The workload remains consistent throughout the year, enabling it to keep a steady pace of operations with no seasonality.
The business has the option to renew the lease for the facility, which will expire in June 2023. They maintain a fair rent and positive relationship with the landlord and have already informed them of the intent to sell.
Lease
Monthly rent: $3,869
Growth & Expansion
This business currently relies on word-of-mouth referrals for its marketing and sales strategy. They maintain a functional website and prioritize excellent customer service. They do not advertise through traditional newspapers or social media platforms. However, they respond to Google reviews and strive to provide good customer service to retain customers and solve any issues that may arise.
Growth Opportunities
- Creation of an advertisement and promotional budget
- Explore print advertisements in local newspapers and magazines
- Explore radio advertisements
- Creation of social media platforms to expand brand awareness
Sprint Business Brokers
1824 Store Street, Victoria, BC, V8T 4R4
Phone: (250) 812-0089, Email: info@sprintbusinessbrokers.com
Successful Boat Maintenance Business on Vancouver Island
Asking Price
$460,000
SDE
$163,976
EBITDA
Industry
$93,976
Marine/Boat Service and Dealers
Gross Revenue
Location
$799,992
Comox, British Columbia
Embark on a maritime venture like no other with the acquisition of this distinguished boat repair and maintenance business nestled in the heart of Comox, British Columbia. A maritime heaven since the late 1970s, this establishment has firmly anchored itself as a trusted service provider to the local marine community, offering unparalleled expertise in boat accessory installation and custom craftsmanship.
Distinguished as an authorized dealer and repair facility for one of the industry's most revered brands, this business has navigated the waters of success with finesse. Boasting a wealth of experience in repairing both inboard and outboard engines across various brands, this enterprise has become synonymous with reliability and proficiency.
Nestled along a high-traffic road for seamless accessibility, this business boasts a team of skilled and certified journeyman marine technicians, accumulating over 75 years of combined expertise. From routine maintenance to intricate repairs, their dedication to exceptional customer service is unwavering, with an open-door policy that invites customers to engage directly with the technicians, fostering transparency and trust.
With consistent sales and profits throughout its storied existence, this enterprise stands tall, debt-free, and armed with $90,000 in working capital, including an inventory worth $66,000.
The seas of opportunity are vast, and with exceptional growth potential, this business is a beacon for the next owner to navigate the currents of success and propel it to even greater heights.
Internal ID
1156
Number of Employees
5
FF&E
$7,757
Inventory
$66,260
Reason for Selling
Owners are looking to retire.
Facilities & Assets
This business is a locally owned marine repair center servicing the Comox Valley. They can accommodate 10-15 boats on its premises at a time, and also have designated areas for storing larger boats until they are ready to be serviced. The workload remains consistent throughout the year, enabling it to keep a steady pace of operations with no seasonality.
The business has the option to renew the lease for the facility, which will expire in June 2023. They maintain a fair rent and positive relationship with the landlord and have already informed them of the intent to sell.
Lease
Monthly rent: $3,869
Growth & Expansion
This business currently relies on word-of-mouth referrals for its marketing and sales strategy. They maintain a functional website and prioritize excellent customer service. They do not advertise through traditional newspapers or social media platforms. However, they respond to Google reviews and strive to provide good customer service to retain customers and solve any issues that may arise.
Growth Opportunities
- Creation of an advertisement and promotional budget
- Explore print advertisements in local newspapers and magazines
- Explore radio advertisements
- Creation of social media platforms to expand brand awareness
Efficient Experienced Empathetic
We check all the boxes for small business sales.
Canada's only nationwide business brokerage specializing in selling owner-operated businesses valued under $500k.
Address
(250) 812-0089
info@sprintbusinessbrokers.com
1824 Store Street, Victoria, BC, V8T 4R4
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