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3108 Se Monroe St, Stuart, FL – $1,319,000

  • $1.3M Price
  • 7,200 Sqft
  • $1.3M Price
  • 7,200 Sqft

3108 Se Monroe St

Specializing in the distribution of rigid bottom inflatable boats through the yachting community and well established clientele over the past forty years with a loyal customer base. " Inventorying of the Top Product Lines " Reputation with 85% repeat and referral business. " Dominating the business philosophy with its Reputation, Consistency, Pricing, and Territory. " Clientele with strong ties to customer loyalty and relationships throughout the marine industry. " A Dealership leveraging its expertise with owners and captains domestically and internationally. " Due to the high clientele the business draws all its sub-vendors as the Go-To entity for anyone that owns or wants to purchase and inflatable product (boat or life raft). Growth & Opportunity: Based upon a little more time spent on marketing, shows, events, and internet sales there is an enormous potential to substantially increase revenues and profit margins. Business Transition: The owner is desirous of selling the entire business including all assets and liabilities. The owner is willing to stay on board for a short period of time for a smooth transition and will be available thereafter based on compensation package. Optional Transition for compensation: 1. Owner is willing to mentor, leading, and explain the philosophy and culture he created to the new owners. It would be beneficial to provide his input on all decisions but will not interfere with the final decision made by new ownership. 2. A good focus point should involve a monthly overview on year over year reports on how the company is doing (meaning July 2018 versus July 2019). Same should take place on a quarterly basis so goals can be accomplished. 3. If the option for transition takes place the owner's hours and vacation time remains similar to the current schedule. Compensation would be discussed based upon what will be required. Owners current work schedule is Monday through Wednesday, and Friday. During the month of September, a week in November, the last week of December, the first week of January, and two months during the summer is off and available to his staff by phone, text, and internet. 4. The business has basic functions which should be implemented as goals and deliverables: . 5. " Outline personnel responsibilities " Yamaha and Life Raft Training " Dealer & Industry Meetings " More Shows & Events " Deliveries and Pickups " Computer set up " Website rebuild " Marketing: Visiting sandbars, marinas, and restaurants " Marketing: Networking industry events, marinas, and dealerships Other Information: Support & Training: Will mentor and build for however long necessary with appropriate compensation package. They have all of their approved licenses filed with the city where they operate. The ideal buyer would have the following traits: some boating or marine industry knowledge, a sales ability, warm service-oriented personality, detail and task oriented, and knowledge of boats would be helpful. Marketing knowledge would be extremely helpful in growing the sales aspect of this niche boat dealership. Seller will train the buyer with their operational procedures and the way of doing business. Re-locatable: Per prior approval this business can be relocated. Competition / Market: The few competitors that exist do not bother to compete because of the quality and pricing this company inventories. Trading hours: Monday-Friday 9am-5pm Saturday: 9am  12noon

Essential Information

  • MLS® #RX-10575389
  • StatusActive
  • Price$1,319,000
  • A/C Square Footage7,200
  • Total Square Footage7,200
  • Year Built2007
  • Sub-TypeMarine

Community Information

  • Address3108 Se Monroe St
  • CityStuart
  • CountyMartin
  • Zip Code34997


  • AppliancesBusiness Only
  • # of Stories1

Additional Information

  • Date ListedNovember 5th, 2019

Listing Details

  • OfficeTrue Options Realty
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Price Change History for 3108 Se Monroe St, Stuart, FL (MLS® #RX-10575389)

Date Details Change
Status Changed from New to Active

True Options Realty.

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Listing information last updated on July 9th, 2020 at 11:00pm EDT.