A Saskatchewan marine dealership is up for sale because its present ownership is planning on retiring. The sale is being conducted through Beal Consultants, a Winnipeg, MB-based organization that specializes in helping people buy or sell businesses.
The dealership's name and location are not being released. However, the business has been described as a Saskatchewan cottage country-based business in a highly visible location on a major route. The business sells brand marine products and parts, offers repair services and possesses a retail gasoline and convenience store.
The asking price for the business is $1,100,000 (share sale), which includes some inventory. Assets also include a building, land, fuel tank sand dispensers, equipment, customer lists and tools. Present ownership of the business has agreed to stay on for a negotiated period of time to assist in the transition in the event of a sale.
Annual revenues for the business have been reported as averaging $1.8 million for the past five years. Discretionary earnings are said to have averaged $185,000.