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Established Yacht Charter Business For Sale

Mahon, Menorca
Asking Price:
€500K - €1M Furniture / Fixtures and Inventory / Stock included
Turnover:
€500K - €1M
Net Profit:
Available on request

This yacht charter business, including an RYA sailing school, is ideal for someone wanting to take over a turnkey operation, with all the necessary infrastructure, charter boats, licences and permissions in place. We have a waterside office opposite the pontoons in one of the most beautiful and historic harbours in the world. This is a unique location on an unspoilt island, famous for its sailing winds and beautiful safe anchorages.

We have a client base built up over 12 years and countless loyal repeat customers from the UK, Europe and worldwide. Bookings already in place for next year, 2020.

We work closely with all the major yacht charter agencies in addition to selling direct to customers. The business allows you to work with customers for 7 months of the year with 5 months of more relaxed activity focusing on maintenance, marketing and administration.

The business would suit owners interested in sailing and looking for a lifestyle business in a welcoming community. The current owners are British and ensure the yachts are maintained to a high standard ensuring excellent repeat business.

Property Information

Real Estate:

Lease

Lease Terms:

5 year renewable lease

Leasehold Rent:

€12,000 per annum

Living Accommodation:

Living accommodation is available for rent if required.

Location:

Beautiful Harbourside location next to all the best restaurants, shops and amenities, only 10 minutes from the airport.

Premises Details:

Harbourside office plus nearby warehouse/workshop

Business Operation

Expansion Potential:

The charter business could be expanded into the winter months. Sailing and mile building courses could also be run all year round. There is room for expansion in all areas of the business - maintenance, guardianage, sail training, yachting services.

Competition / Market:

Menorca is a sought after location for sailing and the business is fully booked for 4 months of the year. There are only two other similar sail yacht charter businesses in Menorca due to the limited moorings available. Costs are high but more than compensated by the attractiveness of the location.

Reasons for selling:

We bought the business as an RYA school with 3 boats and have grown the charter business over 12 years with a year on year increase in turnover. Now it is well established with a fleet of 11 charter boats, a sailing school and a power boat school and we are ready to move on to start a new project from the ground up. We will remain in Menorca and can offer advice and support.

Trading hours:

Office hours 9am to 6pm Monday to Saturday 9am to 12 noon Sunday May to October. Reduced winter hours. Charter check ins and customer support according to the schedule April to October.

Employees:
3 employees all year round and 6 employees in the summer season
Years established:
Business established 25 years and under current ownership for 12 years.

Other Information

Support & training:

The current owners will offer training and support for an agreed period according to requirements

Furniture / Fixtures value:
€5,000 - included in the asking price
Inventory / Stock value:
€280,000 - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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