Established 29 year Carib.boat business

Providenciales Turks & Caicos Islands, Caribbean Islands

Seller Financing Available
ME ACCESSING THE GLASS BOTTOM
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Asking Price: $395,000

Cash Flow: $125,000

Gross Revenue: $250,000

EBITDA: $100,000

FF&E: $225,000

Inventory: $225,000

Real Estate: N/A

Established: 1988

Established 29 year Carib.boat business

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Business Description

Well established boat tour business in the Caribbean (owner retiring)

This successful boat tour business with a 29 year track record is now available as a turn key operation. Great bottom line and owner/captain is willing to assist with the takeover for up to six months to assure a seamless transition. This tour was featured on the Travel Channel a few years ago and is well respected on trip advisor. Owner would love to continue and reap the rewards of building a great tour business but must accept the fact that the time has come to slow down. In addition to a great life style with the lowest crime rate in the Caribbean.... no traffic; pollution or alarm clocks; the Turks & Caicos Islands dodged major damage this hurricane season and is ready for a excellent tourist season. English language; U.S. dollar; no income tax; upscale guests and served by eight major airlines; (seven more than when I arrived in 1988) assures your chance of a successful operation. A wonderful new hospital with an excellent health care program is a bonus; only 90 Min from U.S. View business at oceanoutbackadventures.com BIG TIME BONUS.. Upon consultation with my island lawyer who initially set up the business 29 years ago; the buyer needs only to take over the existing business and shares and will jump into my shoes. This eliminates the need of having a local /native partner which is not the usual case when setting up a business in the islands!!!!!!!!
Note: The location map shows Port St. Lucie; Florida since the listing needed a U.S. address for processing; the boat tour business is located in Providenciales; Turks & Caicos Islands; sorry for confusion. Recommend e mailing me at oceanoutback@yahoo.com or trying 649 333-0824/649 941-5810. Please leave a message and phone #/time zone and I will call. I have unlimited calling from the islands if you are located in the U.S. or Canada. E mails just generate more e mails and just does not work for me. No texting please.
P.S. To view my full page ad in the local award winning info magazine given out at the arrival ports/hotels/restaurants and food stores; go to wherewhenhow.com and click the read issues on line. The Winter issue has my ad on page 71 with a side bar article on page 70. This tour is unique and has been fine tuned over the years to be noted as a "must do" when visiting the Turks & Caicos Islands. This "must do" recommendation took most of my 29 years doing tours here and a buyer will inherit this along with all the bookings that Ocean Outback Ltd.reaps from this reputation.
Another big plus to go along with all the other ones is my status a captain and I posses a PRC (permanent resident certificate) which allows me to work here indefinitely which would allow me to fill-in if a buyer needed to take a break or was called away for any emergency. I still love doing these fun boat tours and could be available on short notice.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
three
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sale includes the 38 foot aluminum catamaran (certified for 40 Passengers) glass bottom and perfectly tailored for the established tour. Smaller boats included for rental and private charters; also two vans and numerous equipment needed for the tour business. Buyer may be able to assume accommodation rental at a wonderful house on the water at a reasonable cost.
Competition:
Uniquely positioned with very little competition to the established tour; the 38' catamaran is the Most comfortable and certified to carry the biggest groups. Total shade on the bottom deck and a glass bottom feature makes this boat ideal for tours. PLEASE NOTE: You must be in a position to have the 50% funds available to take over business. Balance would be paid off over a five year period and carry full insurance coverage on the boats with seller as beneficiary during this period.
Growth & Expansion:
An aggressive and enthusiastic buyer could easily double business since there is many tours that I used to offer but now choose to not promote due to my age. I even have not been keeping the web site upgraded and know that the right internet savvy person could make this work again. Most tour operators get 50% pre bookings thru the internet and I'm averaging 5-10%; major room for expanding on this.
Financing:
50% down bal paid in 5 yrs
Support & Training:
Owner willing to train and one of the employees would continue with the operation with the work permit active for two more years; and renewable. IMPORTANT NOTE:Due to my location in the islands; any inquiries can ONLY REACH ME via oceanoutback@yahoo.com or phone (649) 333-0824 or (649) 941-5810 )leave message Do not use BBS form "contact the owner" I cannot access it
Reason for Selling:
When asked..how are you? I always say "havn't had a bad day yet". How's yours?
Business Website:
http://oceanoutbackadventures.com
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Business Listed By:
Capt. Bill

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