Northwest Florida Business with Real Estate for Sale. This highly regarded and very successful boat Dealership represents may of the finest brands in boating and provides service and parts to its many customers. The business is located on one acre in a highly visible prime location in one of the Emerald Coast's finest beach communities. The fully staffed and equipped business exceeded $6.7 million in sales for 2017 and has shown consistent increases in sales over the past several years. The location has ample commercial frontage for boat display as well as 11,000 sq/ft of buildings consisting of a newly renovated 7,000 sq/ft showroom and additional offices and work areas. Included in the asking price of the business and leasing the location are the established business name and good will, $400,000 per year in cash flow after all expenses per year based on 2017results, $550,000 in equipment and inventory comprised of heavy duty and regular fork lifts, vehicles, owned boats and trailers, work tools and equipment and upscale office furnishings. If the Purchaser buys the real estate eliminating rent on the location the yearly cash flow will be about $500,000. Cash flows are calculated leaving floor plan interest as an expense in place as the business currently has about $1.7 million in floor planned new boats will be assumed by the Purchaser. Asking price of the business while leasing the location is $950,000. The real estate is offered at $975,000. Financing is available with as little as 10 to 15 % down amortized over as much as 25 years. Cash flow will be reduced by debt service on the purchase but should be well over $325,000 if business and real estate are bought and over $260,000 if the the business is bought and the real estate leased.
The real estate is one acre in a prime high visibility location. There are structures which have mostly been renovated totaling about 11,000sq/ft on the property. Zoning is commercial.
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