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12% CAP Award Winning Exclusive Boat Dealership (Marina/Marine)

Wappapello, MO (Butler County)

12% CAP Award Winning Exclusive Boat Dealership (Marina/Marine)
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Asking Price: $1,800,000

Cash Flow: $216,690

Gross Revenue: $1,235,141

EBITDA: $139,000

FF&E: $900,000

Inventory: $1,000,000*

Real Estate: $600,000

Established: 1976

*not included in asking price.

12% CAP Award Winning Exclusive Boat Dealership (Marina/Marine)

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Business Description

Seven County Exclusive dealership for Lowe Boats!

Mercury and Marine Dealership for over 15 years. The service of Mercury engine and parts sales!

This award-winning marina that is family owned for over 40 years is well known for being Southeast Missouri's boating headquarters and offers boat/pontoon sales and rentals.

It sits right on Hwy D, a very heavily traveled highway. Marina main building is 5,200 SF and houses a Lowe boat dealership that has been in operation for 32 years and is an exclusive in seven counties. Marina has continuously earned the "Prestigious Award" from Lowe and Top Ten Dealership Award.

Marina sells 40 to 50 new boats a year solely through word of mouth and no advertising. It also houses a Mercury Marine Dealership that deals with sales and service of Mercury engines, parts and inflatables. A second building houses a showroom for fishing boats they sell. A new roof was installed on this building in 2016. The marina also has a two-bedroom two-bathroom residence that draws in a monthly rental. This is truly a must see!

Located in Southeast Missouri on Lake Wappapello! 1/2 mile north of the dam on Highway D.

Net Operating Income with Owner benefits $ 216,690

Detailed Information

Location:
Wappapello, MO
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,500
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Marina has 100 covered slips 100% occupancy/ Expansion for 100 more. Electrical on docks updated 2016. Boat Store newly built in 2013 8000 gallon above ground gas tank at boat store dock Marina building is 1.5 acres of uplands owned fee simple.
Competition:
Exclusive dealership in the seven county area. Location is on state highway near dam with very high daily traffic counts.
Growth & Expansion:
Marina is leased land from US army Corp. Total acreage is 5 acres submerged, additional land to expand marina by 100 slips and marine store with Army Corp approval. Lease is a a 15-20 year lease, renewable for new purchasers
Support & Training:
Owners will assist in Transition of new ownership/ TBD
Reason for Selling:
Owners retiring
Franchise:
This business is an established franchise
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Eddy Dingman

Business Listed By:
Eddy Dingman

Coldwell Banker Commercial NRT

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