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90 Year Old Successful Wooden Boat Business

Illinois, United States
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    90 Year Old Successful Wooden Boat Business

    Description

    Amazing Opportunity!

    This highly respected boat business is one you do not want to miss out on. The existing owner has been in this business since he was a kid and is willing to help a new owner out. This business has withstood all adverse economic conditions and continues to thrive. The unique structure of this wooden boat business is the six different income streams it provides the owner. They provide services such as general maintenance of boats, full restoration of boats, in-and-out service for the boats through their river location, consignment sales of wooden boats, and storage in the offseason.

    The business operates out of two separate locations that are 5 miles apart with the main building located on the river. They provide an in-and-out service to the wooden boat owners because they have specialized lifts that will not damage the boats. At the river, location is also where they restore and maintain the lengthy list of customers boats from throughout the years. This building is also for sale and but not included in the asking price.

    The second location is an 18,000 square feet showroom and storage facility. In this location, they have wooden boats of all kinds for sale on consignment. The boats that are for sale, also pay a monthly storage fee. They have built the showroom out with several docks for easy viewing of the boats for sale as well as 3 offices that they hold customer meetings and community meetings. The owner spared no expense when building the showroom docks and offices. The remainder of this facility is storage for boats, RV’s, etc. There is also additional space outside that is gated that is rented out.

    Come check this business out today as it could be the wooden boat capital of the Midwest and has several opportunities for growth with minimal effort.

    Basic Details

    Target Price:

    $700,000

    EBITDA

    $242,000

    Business ID:

    L#2020699

    Country

    United States

    State:

    United States

    City:

    Illinois

    Detail

    Business ID:L#2020699
    Property Type:Manufacturing
    Property Status:For Sale
    Target Price: $700,000
    EBITDA:$242,000
    Target Price / Revenue:INFx
    Target Price / EBITDA:2.89x
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      Published on October 25, 2020 at 8:06 am. Updated on July 27, 2022 at 8:29 pm


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      Amazing Opportunity!

      This highly respected boat business is one you do not want to miss out on. The existing owner has been in this business since he was a kid and is willing to help a new owner out. This business has withstood all adverse economic conditions and continues to thrive. The unique structure of this wooden boat business is the six different income streams it provides the owner. They provide services such as general maintenance of boats, full restoration of boats, in-and-out service for the boats through their river location, consignment sales of wooden boats, and storage in the offseason.

      The business operates out of two separate locations that are 5 miles apart with the main building located on the river. They provide an in-and-out service to the wooden boat owners because they have specialized lifts that will not damage the boats. At the river, location is also where they restore and maintain the lengthy list of customers boats from throughout the years. This building is also for sale and but not included in the asking price.

      The second location is an 18,000 square feet showroom and storage facility. In this location, they have wooden boats of all kinds for sale on consignment. The boats that are for sale, also pay a monthly storage fee. They have built the showroom out with several docks for easy viewing of the boats for sale as well as 3 offices that they hold customer meetings and community meetings. The owner spared no expense when building the showroom docks and offices. The remainder of this facility is storage for boats, RV’s, etc. There is also additional space outside that is gated that is rented out.

      Come check this business out today as it could be the wooden boat capital of the Midwest and has several opportunities for growth with minimal effort.

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