Automotive & Marine business for sale in Wollongong
- Automotive & Marine
- Wollongong NSW 2500
- $549,000 (GST na)
Well Established Boat And Marine Business.
This impressive well established & respected business located on the stunning NSW south coast has been operating with the current owners for 7 years who have achieved impressive growth in revenues and profits since acquiring the business.
This business and industry has reported record growth through the current pandemic as Australians seek to spend their holidays on the water of the Stunning NSW South Coast
The business sells fibreglass and aluminium boats from reputable brands under dealership arrangements along with engines also under a dealership arrangement. The business also sells parts and accessories including marine navigation equipment, boating chandlery, insurance and finance as well as having a service and repower centre where they service, repair and repower boats.
In addition, the business offers trade-ins on used boats and resells these used boats as well as selling used boats on consignment for some clients for which they receive a commission.
Main clients of the business are the general public including a growing number of boating enthusiasts from the South Coast and Sydney. This popular business has gained client interest from SA to QLD states and towns throughout.
The business is owned and operated by 2 owners with one of the owners responsible for sales and service and the other, accounts and administration. Also has 3 employees including a workshop supervisor, technician and yard hand.
The general hours of operation for the business are Monday to Friday 8.30am to 5.00pm and Saturday 9.00am to 1.00pm.
The business operates from very prominent premises with a large showroom on a main highway location visible from both sides with great signage and exposure and the benefit of quiet off street parking to park boats.
Turnover of $1.8M
Profits $435K+ (including owners wages)
The business has shown growth in revenues, margins and profits with further growth opportunities available.
Easy to operate with lifestyle plus.
Well established supply chain and operating systems.
Diversified and well established customer base.
Owners willing to provide training/support.
For more details go to https://allbizsales.com/au and complete our online confidentiality agreement. Use the reference ID NSW09724 to search for the business.
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
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