$450,000
Automotive and Boat Businesses For Sale
Industry Info
Buy an Automotive and Boat Business
Some automotive and boat businesses for sale specialize in retail, while others focus on providing services like repairs and maintenance, and still others offer a combination of both. From auto repair shops and car washes to towing companies, truck stops, and gas stations, the businesses in the automotive sector keep consumers moving.
The auto repair and maintenance industry is bouncing back from 2020 pandemic related disruptions. The auto industry accounts for 3% of GDP for the U.S. and employs over 1.7 million people. This sector is expected to expand by over 5% during the next decade. With projected growth in both marine and automotive repair industries, businesses in these sectors may be good investments. One of the primary advantages of buying an existing automotive or boat business is that it comes with established credibility in the market. Some of the most popular categories include:
- Auto Repair and Service Shops
- Car Dealerships
- Car Washes
- Junk and Salvage Yards
- Marine & Boat Services and Dealers
- Towing Companies
- Truck Stops
Pricing and Valuation Trends
Valuations of automotive and boat businesses vary depending on the category of services and local markets. Overall, trends for the sector show these businesses remain popular options for acquisition. With over 70% growth over the last five years, the average sale price for automotive and boat businesses in 2023 was $555,000.
Automotive and Boat Business Prices| Year Sold | Median Asking Price | Median Sale Price |
| 2018 | $399,000 | $299,000 |
| 2019 | $389,450 | $350,000 |
| 2020 | $449,500 | $420,000 |
| 2021 | $472,500 | $450,000 |
| 2022 | $515,200 | $499,500 |
| 2023 | $595,000 | $555,000 |
Sell Your Automotive and Boat Business
Knowing the value of your automotive and boat business is key to developing a successful exit plan if you’re thinking about selling it. If you’re looking to sell your automotive company, see our Guide, How to Value & Sell Your Automotive Business, to get started.
