Pictures are stock images and are not indicative of the actual business.
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.
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
Support & Training: Seller will negotiate a transition period
Reason for Selling: Semi-Retirement
Lease Expiration: Real Estate included in price