Marine Boat Dealer for Sale
Today’s deal is a marine boat dealership for sale. Given the tight timeline (bids due 12/27?!), I wanted to send it along.
I’ve always been a fan of dealership models. Compared to other retailers, you have an arrangement with your brand that limits competition for sales.
More importantly, dealerships get a leg-up to own any repair and maintenance work after the sale. The joke of auto dealerships is that they are maintenance+part businesses and their CAC (customer acquisition cost) is breaking even on new car sales! (Yes, business jokes are hilarious, I know!)
This particular dealership appears to be doing pretty well in terms of growth and profitability.
They also have relationships with a number of the manufacturers. Lastly, the government work is a nice touch as those guys typically pay up for quality no matter what.
This business is, to some extent, a bet that the COVID bump we’ve seen in outdoor sports will continue. You’re also hoping that Gen X and Millennials will like boats as much as Boomers do.
Anyway, happy hunting!
Michael