EXECUTIVE SUMMARY
PBG Reference No.: S923

BOAT DEALER

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

This fast-growing company sells sport, fish, and express cruiser boats to a regional and national customer base. As a top dealer for one of the most prestigious marine craft manufacturers, the company has always exceeded expectations for sales and profitability. In addition, it was recently awarded a regional franchise for another, extremely popular boat line which is sold at a different price point. This will this bring in an important new customer base for future revenues.

With a strong marketing program in place, the company advertises in the most popular boating consumer publications and at boating shows. However, most of the company's new and repeat business is the result of its widely held reputation for honesty and integrity in the sale of both new and used boats. Well respected in the industry and by its customers, the company has developed a strong base of regular clients who are an excellent source of referrals.

Recreational boating is an economic powerhouse for the United States. During 2007, the number of boats in use rose to 17 million, generating $37.5 billion in sales and services. Future growth for the powerboat industry is being driven by positive demographics, as well as by continuous improvements in both engineering and luxury options. Despite the current economic slowdown, sales of recreational boats are forecast to increase 5.3% annually through 2011.

This is a fun, lucrative, lifestyle-based business that is well positioned to continue on its current growth trajectory. In addition to its expanded product line from the new franchise, there are considerable opportunities to increase revenues from the company’s mechanical service capabilities and its used boat inventory.

FINANCIAL HIGHLIGHTS

	2007	2006	2005	2004
SALES	$25,021,000	$16,721,000	$13,166,000	$   7,195,000
EBITDAS* (Adjusted Net)	$     742,546	$     771,000	$     480,000	$       318,000

* Earnings before interest, taxes, depreciation, amortization, owner's salary.

DEAL STRUCTURE

Open to Offer. Seller would like to stay on.

INFORMATION SUMMARY

• Location: Midwest
• Ownership: LLC
• Facilities : 22,400 square feet
• Rent: Approximately $9,629 per month
• Employees: 6 full-time, non union
• Reason for sale: Owner wishes to pursue other interests, but would like to remain involved with the company.
• Training: As needed to ensure smooth transition

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.

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