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Expanding Marine Services And Tourism Group For Sale

Vancouver Island, British Columbia
Asking Price:
$5,950,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$500K - $2.5M (CAD)

This is a rare and fantastic opportunity to buy a fast growing business which includes two (2) operating subsidiaries; a “Lifestyle “ Yacht Charter Company and a comprehensive marine services company, that together generate strong cash flow year round.

Located in the heart of Vancouver Island's boating community and one of the most scenic sailing destinations in the world the businesses for sale have grown significantly since inception and have a great reputation for high quality work, customer service and a high level of repeat business.

This is a family owned business. The owners employ an experienced Boatyard Manager to run the boatyard and marine store and a Charter Base Manager to run the day to day operations of the yacht charter, charter management and sailing school. There are over 20 full time and 10 part time employees.

This company has two operating subsidiaries which run:
1) comprehensive boatyard;
2) well stocked, busy marine store;
3) inflatable boat repair and service;
4) sailing school;
5) yacht charter and
6) yacht charter management.

Property information

Real Estate:

Lease

Lease Terms:

Lease terms are contained in the Memorandum of Sale which is available on receipt of our NDA.

Leasehold Rent:

$149,897 (CAD) per annum

Location:

The businesses are set on the waterfront close to the main transportation hub and minutes from downtown.

Premises Details:

The company operates in leased office, retail and light industrial buildings, an open boat storage facility and moorage in the adjoining marina.

Business Operation

Expansion Potential:

The tourism and leisure market on Vancouver Island continues to grow year on year with increased local participation in boating and fishing and an increase in overseas and out of province boaters wanting to explore the world class sailing and cruising destinations within easy reach.

Competition / Market:

The boating community on Vancouver Island continues to grow as more marinas are being built. The North American yacht charter market has seen growth year on year at the expense of the Mediterranean with the west coast of Canada being a main beneficiary.

Reasons for selling:

The owners are looking to retire.

Trading hours:

Charter Operations - Seasonal ( April to October) 7 days a week
Chandlers - 7 days a week
Boatyard

Employees:
21 F/T and 12 P/T
Years established:
Charter Operations 1988 and Boatyard 2006

Other Information

Support & training:

The owners are happy to stay for up to 12 months to help a new owner settle in and learn the business thoroughly. With experienced company managers already in place any new owners will be in excellent hands.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The owners are willing to offer some owner financing based on suitable security and terms.

Furniture / Fixtures value:
$660,354 (CAD) - included in the asking price
Inventory / Stock value:
$509,690 (CAD)

Contact Information

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