Rick’s Marine: SOLD
Multi-Line Powersports Dealership
Central Canada
Asking Price: $2,490,000 | Cash Flow: $335,000
Gross Revenue: $3,500,000
EBITDA: $335,000
Good Will: $200,000
Furniture, Fixtures, Equipment: $365,000
Owned Inventory: $425,000 (Adjusted lower to reflect non aged inventory)
Real Estate: $1,500,000 (Appraised value 2023)
Established: 1999
Business Description
TURN KEY Successful powersport business (+35 yrs in business), building and assets for sale. This is a turn key business with owners managing remotely, planning to retire.
There are three key ingredients to a successful Powersport dealership:
Location, OEM lines, Staff and Facility
Location, Location, LOCATION! When it comes to Powersports, Ricks Marine is positioned perfectly in the gateway to the north, having access to northern communities and beyond. Imagine if you only had ONE competitor within 350 KM. The opportunity to expand and exponentially increase profits is large.
OEM lines: Long term partners include Polaris, Yamaha, Lund, Merc
Staff: Dedicated, turnkey staff to remain, tenure up to 25 yrs!
Building: Flag ship/ 10 years new/ custom build/ high end features
Building is 10 years young, Built on a double lot in a prime retail location as you enter Thompson. Replacement value of building and land is estimated over 2.5 million.
Detailed Information
Inventory:
Included in asking price
Real Estate:
Owned, included in asking price
Building SF:
8,000
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Prime city location as you enter town, prominent digital sign and 60x120 feet covered storage space with highway visibility
Competition:
One competitor within 350 KM! Opportunity to own your market
Growth & Expansion:
Opportunity for retail growth, supported with retail data
Support & Training:
Seller and/or OEMs can facilitate transitional training for new ownership as needed
Reason for Selling:
Retirement