The company is maintaining an exceptional growth rate despite Covid restrictions. They ended 2020 with a 17.1% increase in gross revenue despite being closed most of the month of April. The business continues to grow and increased 37.4% over 2020 in the first quarter of 2021.
They commenced operations on June 17, 2016 and was set up as a General Partnership on July 1, 2016. They purchased the facility they currently occupy and have not operated out of any other locations. The real property is owned by the company and is included in the assets being sold with the business. There have not been any previous owners or investors involved with the company and the company is currently debt free.
The Company works on all types of boats. They also work on trailers, outboard motors and marine accessories such as fish finders and depth meters. They do not do any fiber glass repair work.
In addition to service and maintenance work they also do retail sales of parts and accessories. This is one area they had previously avoided but after some trials they now feel retail sales is a revenue stream worth developing.
The market for the company’s services has been growing and continues to be very strong, posting significant gains in 2020 despite the COVID pandemic and the local community undergoing a tornado that caused significant damage.
The company does a lot of internet marketing and promotion using social media, mostly dedicated to Facebook. The Facebook page functions as their only website. The company is also very proud to sponsor many local events involving local charities, schools, churches and radio events.
The price of the business includes the real property that was purchased by
the business in June of 2016. The structure on the property is a metal
commercial building and is approximately 1,500.0 square feet. The lot is .8022 acres (34,944 sf). The size of the lot gives them ample parking for boats awaiting or being repaired.
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