SOVA Boat Club LLC. | Application Preview
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General Information
Business Registration Number: SOVA Boat Club LLC.
Location: Chesapeake, VA, United States
Length of Operation: 6-10
Number of Employees: 26-50 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
Expansion of our business in Virginia, advertising, marketing and infrastructure improvments.
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Business Plan
Future Date: 1 Jan 2029 Revenue: $5.38 Profit: 20% EBITDA $5,510,000 is $1,102,000 Measurables: 5 locations 500 memberships 45 boats $28,500 per month Membership Fees $385,000 per year $112,500 per month in recurring revenue $1,350,000 per year $8,500 per month in FBC+ recurring revenue $102,000 per year What does it look like? • Retention of core group of employees (leadership team) Nate, Maddie, Misty, Russell, Janet, Olivia, Keith and Barbara • Hourly maintenance person for Keith • Dedicated HR solution • Add a maintenance vehicle • Hire/have 50 dock staff • Reservation Line Support • Membership experience intern • Additional training captains (Russel/Keith/Maddie) • Bigger shop • Boat dealership or process for selling boats I'm a Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) with 5 years in operation as of 2023. As a franchise we follow directions to help grow our business. Since I'm a retired Navy Senior Chief, I'm REALLY good at following directions and leading a team.
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Self Identified Competition
Care Free Boat club and high end boat rental companies. No long-term contract or commitment. 60 days written notice to cancel. Low use plan to hold low use members.
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