SEMI-PASSIVE Boat And Jet Ski Rental Business

Business Overview:

Who says you shouldn’t mix business and pleasure?! This well-established boat and jet ski rental business provides healthy margins and reliable revenue for an owner looking to supplement their income with a low-involvement venture in a fun environment. Every year, people flock to the lake looking to form lifelong memories—and this business helps them have those experiences without the costs/ commitments of owning their own watercraft.
The business is fully staffed with several year-round, full-time employees, such that an owner can tend to this business on a part-time basis (the current owners have other businesses that take up the bulk of their time). Further, there is an easily replicable and robust program of insurance in place that transfers any notable operational risks in the business model (more information on this available from owners).
The current ownership is looking to sell this business and use the proceeds to build out their other entrepreneurial activities. And while the owners would prefer to hold on to the real estate at which this business operates, they would be open to discussing the sale of the real estate along with the business. This would have to be discussed further at the time an offer is being crafted.
SBA lender pre-qualification letter will be available for review once the buyer has spoken with the seller.

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Property Features and Assets:

Real Estate Available

Monthly Rent: $2,333.33

Square Units (Foot, Meter): 5,000

Lease Expiration Date: February 28, 2029, 1:00:00 AM

Terms Options: Owner is Landlord

Facilities: Office along highway entrance to water; 4000 sq ft covered boat slips.

Market Competition and Expansion:

Competition:

This company has an established brand awareness in the area, and there are only a few competitors in this geographic region. There is plenty of demand currently, and plenty of opportunities to expand presence.

Expansion:

-Adding Ski Lessons (particularly wakeboarding/ surfing)
-Boat Tours with Captain (sunset tours, dinner parties, etc)
-Increasing Marketing efforts through various media/ signage/ etc.

Reason for Selling:

Additional Details:

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