Full Service Sailing Center On The Chesapeake Bay
Location Maryland,United States
Asking Price Range < $250K
Gross Revenues $295000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1981
Number of Employees 1 - 3
Inventory 235000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Owner is flexible and will train 4 weeks at no cost.
Reason for Sale Retirement.
Description The Company is a full service sailing center for sale, located in a very desirable area on the Chesapeake Bay. Started in 1981 and at its current location for 22 years, the company enjoys wide name recognition, an excellent reputation for quality instruction, well maintained boats and a well protected marina. The company offers American Sailing Association certified instruction for both novice and experienced sailors, boat charters and cruises, corporate outings and a sailing club program. Most of the customer base is individuals but the company does significant business with corporations, associations and youth groups. Revenue has dropped recently due to the economic downturn and a reduced marketing effort Growth in revenue can come by exploiting the company's reputation and location with renewed energy and promotion of its many different programs. The company is managed by a full time general manager, 3 part time staff and an as needed cadre of instructors and boat captains.
Thru June, 2009 sales are on pace with 2008. The Company has not made money over this period due to high fixed costs that could be remedied by increased sales promotion and /or a decrease in these costs. More details are available.
Facilities and Boats: The location of the marina and office ideal. The marina is 50 yards from a major street, across from a super market and blocks from several good restaurants, associated bars and night life. The marina has 20 floating slips and is unusually well sheltered from the typical Bay storms. Access and egress from the marina is clear and the depth is suitable for sailboats. The large office is well suited for the business purpose and instructions. The company owns 17 boats of various sizes plus 5 access dinghies conservatively valued at $235,000 and included in sale price.
Sale Price: $235,000
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