For over 20 years this well-established Marina, located in upstate New York, has an excellent reputa...
For over 20 years this well-established Marina, located in upstate New York, has an excellent reputation of customer service. The business specializes in boat service, maintenance and repairs. The repairs include engines, drives, propulsion systems, ...
Marine Automotive
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For over 20 years this well-established Marina, located in upstate New York, has an excellent reputa...
For over 20 years this well-established Marina, located in upstate New York, has an excellent reputation of customer service. The business specializes in boat service, maintenance and repairs. The repairs include engines, drives, propulsion systems, ...
Marine Automotive
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Are you a small business lawyer, accountant or a business broker with a focus, niche or specialty in the Automotive industry, Marine Business? Sign-up for a free broker account and upgrade if you want get featured on this page and also on state/region/city search pages.
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Selling a Marine Business?
Are you a small business owner interested in selling a Marine related business, property, franchise, service, company? Advertise your Marine business listing online and Sell a Business or Franchise Commission FREE - Seller Testimonials - If you are a business broker or a real estate agent, signup for a FREE listing account to get Business Broker Leads.If you are a owner selling it on your own, then you need to do additional marketing and monitoring leads - there is more to it than just listing it on a few websites. This in itself is a process and can take a lot of your time.
How to Sell my Marine Business?
Before selling a Marine Business, the most important factor or the first step is to organize financials for the last 2-3 years, including tax filings, make a list of equipment and inventory, employee and payroll data and generate profit-loss statements, etc., Then the next most important step is to find what your business is worth and to evaluate your Marine company to make sure that you price it right based on the existing market conditions. You can either use an evaluation software or in some cases you can find valuation metrics online or you can hire an accountant, CPA, professional appraiser or a broker who can use provide a good valuation. While the valuation metrics differ with the type of company, industry and current market conditions, the most used metric for valuation is based on EBITDA or SDE ie Seller's Discretionary Earnings - which usually includes the owner's salary and benefits in net-income, used mostly by a small company or solo owner operator. The next step in selling your Marine company is to draft a buy-sell agreement or a contract of sale and you can use a software or buy Sale of Business Forms online or hire a small business lawyer. Selling a small business can also be once in a lifetime event for most people and no matter how well versed you are with your company and the process of selling it, one small mistake may lead to a huge loss or a botched deal, it is recommended that you always seek advice from a business professional such as licensed broker, M&A advisor, consultant, accountant or a lawyer with regards to verification of finances, drafting contracts and negotiation.