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Special Event Yacht Charter & Boat Rental Business, Finance Approved

Newport Beach, CA (Orange County)

Special Event Yacht Charter & Boat Rental Business, Finance Approved
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Asking Price: N/A

Cash Flow: $240,000

Gross Revenue: $825,000

EBITDA: N/A

FF&E: $1,250,000

Inventory: N/A

Rent: $9,000 /Month

Established: 2010

Special Event Yacht Charter & Boat Rental Business, Finance Approved

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Business Description

Company owned Coast Guard Certified 85-foot yacht generates 80% of revenue with balance of revenue coming from Pontoon and Duffy Rentals. Events include Burials at Sea both, Special events (Birthdays, Anniversaries, Bridal & Baby Shower), Corporate/Holiday (Newport Beach Parade of Lights), Coastal Cruises/Whale Watching (Sea Life), and Island Getaways. Yacht has 75-person capacity within the harbor and 49 outside the harbor with a liquor license. One of the only charter boats in Newport Harbor whose engines meet the Tier II emissions requirements.

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Detailed Information

Location:
Newport Beach, CA
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The owner has invested significant capital into new engines and generators that are Tier II Emissions compliant, a significant competitive advantage. Major upgrades in 2017 to Main Salon and Galley and renewed COI for 5 years. In late 2017, two competitive boats exited the harbor and the Company’s December 2017 financial results were double that of the previous year. The company has four slips in highly desirable harbor location. One of the few charter yacht’s in the harbor capable of cruises outside the harbor. Only Charter Yacht in Newport Beach(above 12 passengers) cruising to Catalina offering overnight stays.
Competition:
Company objective is to be known as the company that provides an impressive yacht and boats with impeccable service. A goal that has been validated by the highest possible reviews in Yelp and elsewhere. Business Model expanded in 2013 with rental boats offering clients the opportunity to captain their own boat or take a guided tour around Newport Harbor. The company now owns a 23’ and 21’ pontoons as well as an 18’Duffy in addition to the 85-foot yacht.
Growth & Expansion:
Strong relationships and repeat business from Brokers, Corporate Clients, and Resorts. Three separate websites drive inquiries for yacht charter, boat rental, and Burial at Sea. Excellent organic rankings as well as effective pay per click campaigns with Google and Bing. Campaign on Yelp with 5.0 rating.
Support & Training:
Capable and experienced 1099 contractors available on an as needed basis for crew functions and back office support.
Reason for Selling:
Retirement of owner
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Steve FitzGerald

Business Listed By:
Steve FitzGerald

Acquisition Services Group, Inc

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