Triangle Area Canoe, Kayak, & SUP Trip & Rental Business

Wake County, NC

Triangle Area Canoe, Kayak, & SUP Trip & Rental Business
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Asking Price: Get Financing: $313,900

Cash Flow: N/A

Gross Revenue: $208,000

EBITDA: $57,000

FF&E: $103,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 1993

Triangle Area Canoe, Kayak, & SUP Trip & Rental Business

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Business Description

Turnkey, profitable, semi-absentee run paddling business in the rapidly growing Triangle area of North Carolina. The company runs full-service river trips as well as offering rentals to customers who want to take boats/boards to the lake or beach. Private land lease allows almost exclusive access to the best stretch of the river. Close proximity to local lakes and reservoirs allow for large group rentals and alternative paddling destinations.

Owner works approximately 15 hours a week (Payroll, accounting, social media), with long-term, full-time (Salaried) Operations Manager running all day-to-day operations. Staff consists of 10-15 part-timers during peak season with many returning to work season after season.

Technologically-forward focused company with fully functional, mobile-friendly, website with cloud-based booking software allows customers to book guaranteed trips 24-hours a day. Almost 70% of trips are booked without talking to a staff member. Automated confirmation, reminder, and follow up emails walk the customer from purchase to visit to leaving a review with zero staff labor hours. Electronic waiver system allows customers to sign waivers before arriving, streamlining the check-in process. All river-side operations are handled via tablet. Customer-centric focus has driven great reviews on TripAdvisor, Yelp, and Facebook.

Business operates April-October. All staff are let go for the off-season and owner handles inquiries and holiday gift card sales. Business can be remotely run from anywhere during the off-season.

Clean, detailed, up-to-date financials. All staff are paid as employees and everything is above the board. No side payments to contractors or unaccounted-for cash income.

A 20-page detailed brief of the business is available upon completion of NDA and proof of funds.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sale includes everything needed to run the business including: 2 - 15-passenger vans, 8 trailers (Including two, 1-year old custom built trailers), and approximately 100 kayaks, canoes, and paddleboards and related gear (Paddles, PFD's, dry bags). All boats/boards and gear, with the exception of the canoes, are 2-years old or less and in great condition. River access and nearby storage building are leased with favorable terms.
Competition:
There are a handful of local paddling companies, but each company basically sticks to its own local river. There are no competitors on our stretch of the river, nor can there be, due to river access and land lease.
Growth & Expansion:
Huge opportunity in offering tubing, summer camps, guided trips, and group sales. Essentially no marketing is currently done. Sale includes a 10,000-person email list that could be leveraged to drive additional sales. List grows by about 2,000 emails per season. Great, on-going relationships with local camps, schools, and parks & recreation depts ensure steady, repeat business throughout the summer. Additional relationships could be cultivated with church groups, scouts, and meet-up groups.
Support & Training:
Thirty to ninety days or as needed. Owner is committed to ensure a successful transition.
Reason for Selling:
Relocating
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Business Listed By:
Not Disclosed


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