Profitable Boat Rental Business on Lake Norman, NC

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Financial Details

Asking Price:
$695,000
Annual Revenue:
$250,000
Cash Flow / SDE:
$175,000
Valuation Multiple:
4.0x
Location:
Mooresville, NC, US
Source:
Date:
April 29, 2025

Key Highlights

- Established boat rental business on Lake Norman with a unique Tiki party boat.
- Strong online presence and low fixed overhead.
- Growth potential through fleet expansion and captained cruises.

Description

This is an established boat rental business operating on Lake Norman, North Carolina. It features a fleet of 6 boats, including a unique Tiki-themed party boat. The business has a strong online presence and benefits from low fixed overhead. Growth opportunities include expanding the fleet and offering captained cruises. The seller is retiring and will provide training for a smooth transition.

Industry Information

Industry Description:
Retail Stores
Classification:
Entertainment & Recreation

Listing Details

Listing ID:
dc925411-6fc5-49e1-9236-83baee84e77b
Deal Status:
For Sale
Date Posted:
April 29, 2025
Last Updated:
May 26, 2025
Currency:
USD

Features & Tags

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