On Water Boat Towing & Marine Salvage Business
Business Description
Well Established, Turn Key, Nationally Recognized Top Seller
Ready to own a thriving, turnkey business? This successful marine towing and salvage business is up for sale, offering a prime opportunity for entrepreneurs or investors to step into a well-established, yet still growing, operation. With a loyal customer base, top of the line equipment, and a reputation for quality service, this business has everything you need to hit the ground running.
Since taking over in the Spring of 2018, the business has doubled its profits even after selling off two of its ports.
Since taking over in the Spring of 2018, the business has doubled its profits even after selling off two of its ports.
About the Business
- Years in Operation
- 7
- Employees
- 6
- Franchise
- This business is an established franchise
- Facilities & Assets
- The business assets include 3 twin engine 23' aluminum, collared towing vessels with trailers, two of which have been recently repowered with 200hp Suzuki engines, 2 one ton diesel pickups, enclosed trailer for salvage equipment, hydraulic trailer for transports, assorted air bags with over 200k lbs. of lift, 80k lbs. of assorted roller bags, 2 shipping containers for environmental cleanup boom and pad, 2000' plus of hard boom, 2 full face mask with comms, assorted dive gear and air tanks, 2",3", and 4" water pumps, dump trailer, gooseneck trailer
- Website
- https://backwatermarinetowing.com
- Market Outlook / Competition
- We are currently the only on water towing company on our lake as well as the only licensed and insured salvage company. The on-water towing and salvage is not just limited to our lake or just members. We have traveled as far west as Texas and have stretched as far up the East Coast as Maryland to provide our services for those in need. We also hold contracts that specialize in containing and cleaning up on-water environmental spills. With a extensive history working with major insurance carriers have made us their first call on claims assistance.
- Opportunities for Growth
- We are a growing business on our home lake and have a very loyal customer base. We average over 500 new members a year. We have an over 90% renewal rate and have been awarded top new membership seller for the last 7 years with no signs of slowing down as our lake continues to grow. Outside of towing there are 3 other lines of business with huge growth potential, they are hazmat spill response, on road trailer assistance, and marine salvage. There are many state and federal contracts annually up for grabs for our line of work as well.
About the Sale
- Seller Motivation
- We are selling our business due to health problems.
- Transition Support
- The Owners are willing to stay on for up to 6 months to help train and establish contacts to ensure a smooth transition of leadership.
Listing Info
- ID
- 2332778
- Listing Views
- 2630
Listing ID: 2332778 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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