Hot Listing
Sea Tow Hampton Roads
Business Description
Well established Sea Tow Franchise located in the Hampton Roads area of Virginia. The business financials reflect a very well operated business. Included are well maintained vessels and equipment and transferable dockage leases. Owner willing to stay on for a negotiated time.
About the Business
- Years in Operation
- 38
- Number of Employees
- 6
- Franchise
- This business is an established franchise
- Facilities & Assets
- Sea Tow Hampton Roads has 5 boats with 4 in the water with transferrable slip leases. Remaining boat is on a trailer. Two (2) Trucks, Salvage equipment – lift bags, pumps, straps, dive equipment – tanks, wet and dry suits. Office equipment and computers, copiers/printers, file cabinets. FCC licensed VHF radio high site. Shop equipment – benches, shelving, spare repair parts.
- Market Outlook / Competition
- Sea Tow Hampton Roads maintains a strong competitive advantage in the area. Visible in the community supporting the marinas, boat dealers, repair shops and organizations such as boating and Angler’s clubs. Hampton Roads area of Virginia includes cities of Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News and Suffolk a very large population and a very diverse boating region.
- Opportunities for Growth
- The business is situated at the mouth of the Chesapeake Bay and Atlantic Ocean and extends west into the rivers and tributaries of the Sea Tow Hampton Roads area that offer potential area expansion. Sea Tow Hampton Roads has multiple revenue streams that provide growth opportunities - memberships for service of on-water assistance, Fee-for-Service, Salvage and Recovery, Commercial operations.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Retirement.
- Transition Support
- Training and support from current owner and Franchisor. Current owner willing to stay during transition.
- Financing Options
- Third Party Financing
Listing Info
- ID
- 1930756
- Listing Views
- 12063
Business Location
Listing ID: 1930756 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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