* Included in Asking Price
Reputable Yacht Charter/Hire Company
Location West Coast of Scotland
Asking Price £ 545,000
Asking price includes:
Superb company owned fleet of 5 high quality yachts circa £450,000
Further 7 managed/agency vessels
Turnover for last financial year circa £181,000 per annum
Gross profits circa £118,000 per annum
Prime marina berths
Over 25 years successful trading
Advance bookings throughout the season
Extensive and regular/repeat customer base
Corporate and private clients
First class staff
Substantial expansion opportunities
This highly reputable and expanding yacht charter business has been hiring yachts in the West Coast region of Scotland for about a quarter of a century. In that time the business has positioned itself as one of the leading and longest established companies it its field in a sailing area that is regarded as one of the best in the UK, if not the world!
The company currently has its own fleet of some 5 high quality yachts that are chartered out to a range of customers. In addition to this(and at time of going to market) the business charters a further 5 vessels on a managed basis, and also operates another 3 agency yachts. The number of managed/agancy vessels in the fleet can change year on year dependant on demand and the owners are able to adjust their offering accordingly.
The managed boats, are owned by other individuals, rather than the Company, but are operated by the company throughout the season with little or no help from the owner. The agency boats, are also owned by other individuals, but the owners do all of the work on them, with the Company marketing them and providing them bookings, and handling the administrative side of things.
Typically the fleet offers 6 to 10 berths with largest yachts being 15 metre vessels. The majority of clients are experienced sailors and sail the vessels themselves. However, the company can also provide a skipper for the less experienced as well as arranging corporate events.
The business enjoys very impressive levels of repeat business from returning clients. This repeat business represents circa 75% of current turnover. Customers are truly international with many bookings coming from overseas. The business has clients who have been chartering their yachts for some 20 years. Customers include boat clubs, individuals and large blue chip multi-nationals. Typically the charter season operates between March and October (8 month season).
The business enjoys “prime berths” in what is regarded as one of the best marinas in Scotland. The marina is very accessible with excellent transport links to the rest of the UK and Europe. The company also has its offices situated at the marina, which is ideal for greeting customers and from a marketing point of view.
|Facilities:||The business operates from rented premises ideally located on the marina where the fleet is berthed. Premises comprise offices, store and workshop. Rent is circa £2,500 p.a.|
|Competition:||The business benefits greatly from its memberships and associations and has enjoyed significant press advertising over many years in several of the major publications in this sector. However the vendors have reduced this over time as it does not feel the need to do this so much anymore, bearing testimony to the very impressive levels of repeat business and referrals it enjoys via word of mouth recommendations.
The business does have an informative and modern website as well as appearing in the local sailing club and marina yearbooks.|
|Growth Potential:||The business is ripe for further expansion. The market is increasing year after year, even despite the difficult economic conditions we have been experiencing since 2008. The company has just introduced a price increase of circa 10% for next year and to date this has shown no adverse effect on bookings levels for next year.|
|Training/Support:||The vendors have a passion for sailing are keen for the business to continue its success, hence the reason the business was originally set up. They are happy to provide the necessary handover period to ensure continuity of trading and a seamless transition of ownership, subject to negotiation.|
|Sale Reason:||The vendors are planning their exit due to forthcoming retirement.|
Seller Reference #CO166
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