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Branded Marine Service w 1550 Members! 300k in Boats/Eq Included!#1 marine services brand in the country. This owner has exclusive rights to operate the Franchise in North Jersey. This location has 1,550 members paying $249/year. The location has been in business for 36 years and is very well known in the area. Current owner purchased the business 17 years ago. There are 6 licensed captains who have been working there for many years. Significant income and referrals come from insurance companies. Current owner works as one of the captains, but business can be run absentee by giving more hours to the other captains. This is a seasonal business which would allow the new owner to have other business interests in the winter months. This Brand only has 5 locations in NJ and there hasn’t been one available in 8 years! The brand isn’t selling new territories in NJ so this is a very rare opportunity to purchase a membership based marine services business and be able to live a relaxed lifestyle on the water “working” only 6 months a year! Sale includes 4 well-maintained boats and other equipment worth 300k. Membership pricing has increased by 25% this year, which will result in over $250,000 in cash flow for 2024.
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This well-known Commercial Property Maintenance Services Company has providedcontractual facility maintenance services and expert design/build (hardscape and softscape)installation to an impressive roster of Central New Jersey accounts for over 25 years. The Companyhas experienced stable revenues (with $500k in annual service contracts in place) and enjoys highoperating margins with documented profitability.The company has been fully reviewed and conservatively appraised by a well-knownnational valuation firm at 4.0x EBITDA (2024). A full valuation report is included and there is $40kin Net Working Capital plus another $175,000 in Fixed Assets included in the deal. The business ispre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposeddeal structure an owner operator will obtain $175k benefit in after-acquisition-debt cash flow inYear #1 – almost 75% return on equity investment.(ALL DATA BASED ON SIGNED TAX RETURNS)
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