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Successful Resort Area Boat Rental Service

This successful six year old business is situated on a premier West Michigan inland resort lake and as such is the dream seasonal business generating $30,000 of cash flow year after year (in just five months) for the commercial pilot who is the founder/owner/seller. A combination of a busy flying schedule and growing children preclude the seller from giving much attention to his fun and profitable boat rental business. His solution: sell the business (which includes $65,000 of boats and other equipment) for $117,700. And to enable a qualified buyer, the seller will consider carrying a meaningful seller note.

The business comes with four pontoon boats, three jet skis, four kayaks, one pedal boat, one canoe, six boat slips, and all the necessary trailers, lifts and office equipment. Just unlock the door in mid May and be prepared for four to five months of steady business that has resulted in consistent annual revenues of $75,000. College students manage the business on a daily basis. For a growth minded buyer, there are lots of additional opportunities including renting snowmobiles in the winter and expanding the summer offerings by adding powerboats. In addition, the business does a limited amount of boat winterizing and storage; however, much of this activity is declined because the seller is too busy to coordinate an expansion program. Finally, with steady daily traffic there is solid potential for a variety of retail sales. The business is conducted out of the ground floor of a lakefront building which is rented by the business from the seller for only $4800 annually.

A buyer who really wants to take advantage of this opportunity can purchase separately the property (with a built in upstairs tenant paying annual rent of $8340) for $210,000. This building was appraised in May, 2008 for $220,000.