Used Boating Equipment business.
Business Overview
There are an estimated 15 million pleasure boats and personal watercrafts in the United States alone, and almost all boats have one thing in common. At some point they break down and require repairs and replacement parts. This fact creates an incredible business opportunity for the innovative entrepreneur to capitalize by starting a used boating equipment and parts business. Simply purchase used boating parts and equipment and resell the same parts and equipment for a profit. The business can easily be operated on a full- or part-time basis right from the comforts of a homebased office. Maintaining a 50 percent gross profit margin on all sales and achieving yearly sales of $100,000 will result in a pretax and overhead gross profit of $50,000 per year, which is commendable for such an easy business to start.
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