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Work & Earn over$200k p.a. if your Hobby is B

$ 190,000.00
Reference Number
2519
Title
Work & Earn over$200k p.a. if your Hobby is B
Date business was established
2016
Business for
Sale
Additional information
Additional information
Summary
Turn up to work overlooking the beautiful marina where clear blue water and hundreds of boats are located. This is the only marine sales agency with an office on the water. Boats are left on consignment so limited capital needed even to turnover $10 million. Customers often pay for the right to display their vessels at this site so marina costs and office rentals are covered. If you love boats, then this is a dream come true.

Revenue
$6 million
Net Profit
$132,847

Potential
In some years the business has generated $10 million in sales and an owner’s profit of $314,000 so the sky is the limit. Possible to get a new boat dealership which could add $150,000 to $200,000/annum.

Skills
Understanding of boats and an ability to sell.

Hours
Monday to Friday 8.30am to 5.30pm. Saturdays 9am to 3pm.

Lease
New lease to come following renovations of the Marina.
Current rent is $64,000/annum including office space and 10 berths for boat sales.
Office is a floating office which could be located anywhere on a marina.

Location
Gold Coast

Employees
2 part time employees.

Reason for Sale
New venture is consuming the owner’s time and capital.

About the Business
This business predominantly sells used boats for their clients on a commission basis.
The boats range from a $4m Riviera down to a $40,000 Chaparral and everything in between.

They currently have a range of 38 boats for sale and they are located either around their office, in other marina berths within the complex or at the client’s homes.

The commission is negotiated with the client and ranges between 9% and 5% depending on the price of the vessel. This fee is only payable upon the successful sale.

History
Established 3 years.

Sale Price
$190,000
Annual Nett Profit
$ 132,847.00
Location
Country
Australia
States
Queensland
City
Gold Coast
Post code
90726
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