Yacht Charter-Growing, Seasonal Cash Generator

Bristol, RI (Bristol County)

Yacht Charter-Growing, Seasonal Cash Generator
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Asking Price: Get Financing: $345,000

Cash Flow: $108,000

Gross Revenue: $343,387

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2001

Yacht Charter-Growing, Seasonal Cash Generator

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Business Description

Profitable and well known yacht charter business located on Narragansett Bay in Rhode Island. Fifteen boats with a strategic focus on catamarans. Yacht owners provide boats to this company which manages all aspects of the yacht charter process as well as any repairs and then pays a percentage of the charter income with remote owners.

Most boats under multi year agreements.

Premier location. Four full time employees (full time during season) and five part time employees. Multiple income streams from charter income, dockage & storage, winter storage, and repair labor. Additional income opportunities include cleaning.

Well respected charter brand with clients from across the nation and Caribbean. Several yachts winter in the Caribbean and "Summer" on Narragansett Bay under the management of this company.

The company has a long standing affiliation with a franchised national firm that drives clients to this company who then charter a yacht dedicated to these clients.

Company also partners with a New England based yacht broker who generates clients to this business via a commission based relationship.

New owner will work very hard April-mid Summer then enjoy Fall with Winters largely free for relaxing or travel.

Little working capital given the nature of deposits.

Detailed Information

Employees:
9
Facilities:
Third party leased office plus rented slips for yachts.
Competition:
No direct competitor in this geographic market which is focused on high demand catamarans.
Growth & Expansion:
Marketing. Add another yacht to support part time rentals generated by national franchise.
Support & Training:
Two weeks management transition. Willing to consult long term subject any lender approvals.
Reason for Selling:
Sailing into retirement.
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).


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