Boat Tour/Activity - 10 Years of Operations, 50% Net Margins
Business Description
Seize the rare opportunity to own a highly profitable, incredibly fun, and streamlined maritime tourism business operating out of Portland, Maine. Operating seasonally on Casco Bay, this business has established itself as a staple of the local tourism and private charter scene, catering to tourists, corporate outings, and private celebrations alike.
The business model is simple and efficient. In its most recent operating season, the business generated $84,985 in gross revenue with $45,543 in Net Cash Flow (SDE)—boasting profit margins exceeding 53%. The operation can be run smoothly as a hands-on owner-operator for maximum profit, or transitioned to a semi-absentee investment by utilizing staff captains.
The sale includes a fully Coast Guard-compliant, 15-passenger custom vessel equipped with eco-friendly pedal-assist stations, a reliable motorized backup system, built-in drink coolers and premium Bluetooth stereo. Also included is a heavy-duty, custom transport trailer purchased brand-new in 2024 for $14,000, eliminating standard seasonal hauling headaches and reducing off-season storage costs.
Beyond the physical assets, the buyer will acquire all digital properties: a top-ranking web domain, an automated online booking engine, a clean Google Business profile with an outstanding historical review rating, and a substantial local customer database.
The current owner is transitioning to a new career path but is fully committed to a smooth transition, offering comprehensive operational handoff training to ensure the new owner is ready to capitalize on day one.
The business model is simple and efficient. In its most recent operating season, the business generated $84,985 in gross revenue with $45,543 in Net Cash Flow (SDE)—boasting profit margins exceeding 53%. The operation can be run smoothly as a hands-on owner-operator for maximum profit, or transitioned to a semi-absentee investment by utilizing staff captains.
The sale includes a fully Coast Guard-compliant, 15-passenger custom vessel equipped with eco-friendly pedal-assist stations, a reliable motorized backup system, built-in drink coolers and premium Bluetooth stereo. Also included is a heavy-duty, custom transport trailer purchased brand-new in 2024 for $14,000, eliminating standard seasonal hauling headaches and reducing off-season storage costs.
Beyond the physical assets, the buyer will acquire all digital properties: a top-ranking web domain, an automated online booking engine, a clean Google Business profile with an outstanding historical review rating, and a substantial local customer database.
The current owner is transitioning to a new career path but is fully committed to a smooth transition, offering comprehensive operational handoff training to ensure the new owner is ready to capitalize on day one.
About the Business
- Years in Operation
- 10
- Employees
- 2 Contractors
(Captains are hired as-needed) - Facilities & Assets
- The Vessel: A 2016, 15-passenger, 1 captain Cascade Cycleboat with new 5-year US Coast Guard Certificate of Inspection. Powered by 10 pedal stations with auxiliary, twin 20 horsepower outboard motors.
Trailer: A heavy-duty 2024 Sportboat trailer, custom built for the vessel.
Digital Infrastructure & IP: A professionally built, SEO-optimized website seamlessly integrated with automated reservation software. Sale also includes all established social media channels, travel review platforms, and a top-rated Google Business Profile with a strong local reputation. - Website
- https://mainebaycycle.com/
- Market Outlook / Competition
- The Portland waterfront features a robust selection of traditional excursions—including public ferries, historic lighthouse tours, standard private charter powerboats, and classic wooden sailing schooners—this business carved out a highly insulated, lucrative niche.
Instead of competing directly on historical sightseeing, this operation stands alone as the premier interactive, high-energy "party boat" experience on the peninsula. By offering a pedal-powered social environment where passengers can bring their own beverages and music, it captures a completely different, high-value demographic (bachelorette parties, lively corporate outings, and milestone celebrations). A competitor attempting to replicate this model would face steep, multi-year uphill battles regarding brand equity replication and Coast Guard compliance logistics—leaving this turnkey business beautifully positioned with clear market insulation. - Opportunities for Growth
- Fleet Expansion: The simplest path to growth is adding a second vessel to the fleet. With digital infrastructure, brand recognition and booking automation already in place, a second vessel could absorb extra demand
Onboard Beverage Sales: Moving away from BYOB would immediately increase sales and allow for partnering with local breweries, distillers and craft cocktail companies.
Merchandise Retail: Sales of hats, hoodies, and shirts on-board or through an e-commerce store could boost cash flow.
Optimized Digital Advertising: The business currently uses SEO and word of mouth as the main acquisition channels. Implementing a paid advertising campaign would increase demand.
About the Sale
- Seller Motivation
- Career change
- Transition Support
- The current owner is fully committed to the long-term success of the business and will provide up to 2 weeks (up to 40 hours) of hands-on operational training covering vessel logistics, custom trailer transport, digital booking infrastructure management, and waterfront SOPs. Following the initial handoff, the owner will provide an additional 30 days of remote phone/email advisory support (up to 15 hours). Extended consulting is available under a separate independent contractor agreement if desired
Listing Info
- ID
- 2527303
- Listing Views
Listing ID: 2527303 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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