Boat Rental Company For Sale in Cape Coral

Listing #95103450 Asking: $820,000 Owner Benefit: $160,857

Very profitable and low overhead boat rental company for sale in beautiful Cape Coral, FL. This boat rental company has 4 boats of its own and manages 17 rental boats from third party boat owners, bringing the total to 21 rental boats. There are written contracts with the boat owners and the rental company operates on a profit split basis with them. Little overhead and low risk for the rental company as the boat owners pay for commercial boat insurance, boat lift rental, maintenance, and tow insurance. Rental company secures renters, delivers the boats, and arrange for maintenance. The 4 boats owned by the rental company are included in the sale (estimated value at $250K) along with miscellaneous equipment, website, phone, tradename, and the contracts with the boat owners. This is a totally turnkey operation. Company only rents out bow riders (no pontoons or fishing boats). Boats are newer and higher end, some with dual engines. Company outsources 5 captains and 2 mechanics on a as needed basis. Typically, boat owners want to add more boats to the rental pool. The company is gradually increasing capacity. Besides boat rental, additional source of income: 25% markup on parts, $50 per mechanical work, $10 per tow contract, drop off fee, and jet ski referral. Company is run by husband and wife that are in retirement mode. Some bookings are already 2 years out and rental slots keeping filling out fast- minimum 3 days rental. In 2022 the company acquired the assets of a competing business, including 2 boats and customer list (sales not reflected in 2021) and added online booking.

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