Available For Sale - Retail

4,520 SF | Show Pricing $

LISTED BY

Jon Reno La Budde
AXXOS, 727-510-1921

AVAILABILITY DETAILS

Size
4,520 SF
Price/SF
Show Pricing $
Listing ID
SA529901
Notes
Super Rare Opportunity * Marine Business for Sale

Yacht Power Brokers - Sales * Service * Repair



Our Offering is for a Marine Industry Business for sale. There is no real estate included in this Sale. The current location is available on a separate offering. Here is the website for the building:

https://buildout.com/website/128...



Please note that it would be advisable for this business to be relocated to a more affordable site. As mentioned, the real estate is available for purchase but under a separate transaction. It is believed the highest and best use of the current location is a re-development play or to renovate and enhance the current structure to higher paying tenants such as a bank, retailer, or restaurant.



The business consists of retail sales to the general public, service of marine equipment, and repairs. The business has an extensive amount of inventory, equipment & tools for service and repair, and very valuable relationships with major marine brands, including dealerships.



The dealerships are very valuable aspects of this business for sale, and almost will be available for the new owner.



The business also offers excellent goodwill and a stellar reputation with its clientele and within the marine industry.



Background on Yacht Power, Products, Inc.



Yacht Power Products was started by Michael Lloyd and his father, Richard Lloyd over 35 years ago. They started two guys in a truck doing basic marine, mechanical maintenance.



Shortly after going into business they quickly made a name for themselves. It wasn’t long before they purchased the building at 1510 1st Ave., North in Saint Pete.



They started small as a dealer for Onan generators. Right away they had the reputation as the place to go when you need generator/engine repairs. Since then they have gone from one dealership to seven and quickly turned Yacht Power Products into a business that does almost $1 million a year in sales.



Here is the list of dealerships that the business currently has approved relationships with:

Westerbeke

Kohler

Northern Lights

Fischer Panda

Yanmar

Onan

Beta Marine



As a dealer, they represent those Manufacturers by doing their warranty work, selling their parts, and also performing basic maintenance for those who want only the best in the business working on their generators/engines.



Yacht Power Products has remained a family business. There is a small staff consisting of mostly family members.



There are plenty of opportunities to grow this business. Such as moving the parts sales online and adding additional technicians to name a few.

The current owners have taken it as far as they would like to go but would like to see someone take it the rest of the way. The owners have high hopes for the business and know it serves a special place in this area.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jon Reno La Budde, AXXOS
BRE# SL3088599