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.   

Call for more details


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

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