40-Year Established Wood Boat Repair and Restoration Business for Sale in Ohio
Wood Boat Repair and Restoration
Financial Details
- Asking Price:
- $222,000
- Annual Revenue:
- $250,000
- Cash Flow / SDE:
- $110,000
- Profit Metric:
- Seller's Discretionary Earnings
- Valuation Multiple:
- 2.0x
- Location:
- OH, US
- Source:
- Date:
- November 07, 2025
Key Highlights
Description
A unique opportunity to acquire a highly profitable, 40-year established wood boat repair and restoration business situated near the historic boating waters of Sandusky Bay, Ohio. This operation boasts a dedicated clientele requiring specialized maintenance and restoration for classic vessels like Lymans and Chris Crafts, yielding $110,000 in Seller's Discretionary Earnings on $250,000 in revenue. The asking price of $222,000 includes $30,000 in FF&E and $5,000 in inventory. The business operates from a 7,000 sq ft leased facility ($1,500/month, lease through 2025). The current owner is retiring but notes that the business is poised for immediate expansion into motor work or fiberglass without requiring additional marketing efforts.
Industry Information
- Industry Description:
- Specialized repair and restoration services for antique and classic wood boats, including maintenance and upgrades.
- Classification:
- Automotive & Boat
Operational Snapshot
- Year Established:
- 1985
- Employees:
- 1
- Reason for Selling:
- Retirement
Real Estate & Lease
- Status:
- Leased
- Monthly Rent:
- $1,500 USD
- Lease Expiration:
- 2025
Assets & Inventory
- FF&E Value:
- $30,000 USD
- Includes FF&E:
- Yes
- Inventory Value:
- $5,000 USD
- Includes Inventory:
- Yes
Broker Contact
- Name:
- Cathy Davis
Listing Details
- Listing ID:
- 7c618932-cd85-4486-b2ee-4d6c7779f890
- Source Listing ID:
- 2431208
- Deal Status:
- For Sale
- Last Updated:
- November 07, 2025
- Currency:
- USD