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Asking Price
$2

Annual Cash Flow $397

Annual Revenue $1,425,620


EBITDTA:

FF&E: $150,000

Ref ID: N861-LC

Established: 1984

Business Description

Gulf Coast Marine Engine Repair business near a large collection of marinas, boat launch sites and the beaches. This is a full service diesel and gas engine repair shop that works on marine engines, generators and a most boat systems. Equipped with a fleet of service vans and trucks to do on site work at the various marinas. They are equipped to do the big and small engines from complete overhauls, air condition and cooling service, general maintenance and up to the pulling and replacing the entire power systems. They work on gas and diesel engines from 3HP to 1,200HP. The mobile, on site work in very high demand and this business is highly regarded by the long list of satisfied customers. This business is a dealer and authorized warranty shop for several major brand name engines and generators. A large parts department that supplies other area shops with specialized parts.

Listing price $2,400,000

SDE estimate of $397,000

Real estate value of $1,650,000

Business value of $1,142,500 (2.5 X SDE plus inventory)

2.4 acres and 6,000 sf building

Boat storage lot for 50+ boats at $40 month full with waiting list

With 15% down, interest at 6% and 15 year term this will leave an acceptable new owner/operator with net cash flow estimate of $190,424.


Service area covers the Mississippi Gulf Coast, Mobile, Gulf Shores, Orange Beach and to Pensacola, Florida.

This business has an excellent reputation and is known for competent service for home, marine and RV customers. Attractive exterior and a fully equipped shop and office on large lot. 3 factory certified mechanics that would like to stay and complete training will be provided by seller. Large equipment list and big inventory of parts included.

Detailed Information

State:AL

Listing Agent:Lanier Chew

Inventory: Included in asking price

Real Estate: 2.4 acres. Real estate value of $1,650,000. Boat storage lot for 50+ boats at $40 month - full with waiting list

Building SF: 6000

Employees: 5 FTE

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

City:Mobile

Phone:251-802-0516

Facilities: 6,000

Support & Training: Seller will negotiate a transition period

Reason for Selling: Semi-Retirement

Lease Expiration: Real Estate included in price