Business for sale

Business description

Established in 1990, this business is a specialist in the sale and service of power boats and sailing yachts. Situated in an ideal location, this business is firmly established as one of the leading companies in its sector catering for the English and other Europeans.
This business offers a wide range of powerboats, luxury boats and yachts for sale. But sales are just part of the full range of services this business offers. It is very much a one stop shop, catering for all a boat owner’s needs including arranging berthing facilities throughout Spain and full service and maintenance - scheduled engine and gearbox servicing, hull maintenance and cleaning and guardinage services, gel coat repairs and polishing as well as insurance and even boat handling tuition and RYA course training through an associated Sea school!
This business is an exclusive dealer within its area for some of the biggest brands in the sector able to provide new models with a full warranty and after sales service, working very closely with the manufacturers. Prices range from as little as €50,000 to several million Euros. The business also offers a wide range of pre-owned powerboats from its brokerage listings, often arranging trade in deals – often brokering a customer’s current boat whilst supplying them with a new one.
Perhaps the cornerstone to the success of the business has been its very high levels of customer service. The business has an excellent reputation for honesty and integrity and as a result has an established, loyal Client base particularly in relation to service and maintenance and a high profile presence in Spain, renowned for its highly skilled and knowledgeable team which primarily comprises the current Owner and his PA and a full time Engineer to assist with preparation and commissioning. All other services are sub-contracted to a very small portfolio of dedicated and highly talented, tried and trusted technicians all of which have been working with this business for a number of years.
This is very much a business with a very desirable lifestyle attached, working with very powerful ‘machines’ on the sea, in an excellent climate – the part of Spain in which this business is based has on average 330 days of sunshine a year. Run as it is currently it is also a very profitable business. Turnover, which comes mainly from boat sales, for the year ending November 2007 was approximately £400,000 generating gross margins of 36% and net operating profits of over £130,000. As such it represents an excellent opportunity for a buyer looking to move out to Spain, or alternatively an existing operator in the marketplace looking to establish an excellent foothold in a consistently performing market by acquiring a very profitable major, regional player.