Well known, Turnkey Dive and Watersports Center for Sale

Asking Price$1,080,000

Cash Flow
Not Disclosed

EBITDA$134,000

Gross Revenue$785,000

Inventory$13,600
Not included in asking price
FF&E$283,000
Included in asking price
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Well known, Turnkey Dive and Watersports Center for Sale


Asking Price$1,080,000

Cash Flow
Not Disclosed

EBITDA$134,000

Gross Revenue$785,000

Inventory$13,600
Not included in asking price
FF&E$283,000
Included in asking price
Business Description
Turnkey Dive & Watersports Business for Sale Al Boom Diving at Le Meridien Al Aqah Beach Resort in Fujairah, UAE with satellite center at Address Beach Resort Fujairah.

PADI 5 Star Dive Centers with watersports facilities for sale based in Fujairah on the UAE’s East Coast. 1.5 hours' drive from Dubai. Asking price AED 4,000,000 Sales Revenue: Available on request.

• The primary dive and watersports center was established in December 2002 at the
opening of the Le Meridien Al Aqah Beach Resort and remains under the same
management to the current time. The 5-Star Le Meridien Al Aqah has 218 sea facing
rooms.
• The dive center is the most well known in the area and the facility remains among the
best along the Al Aqah Coastline and in the UAE.
• The area is a popular tourist spot for residents and visitors to Dubai. The location is
pivotal to the UAEs best, natural diving and snorkeling sites which are accessible from a
short boat ride (10 minutes to 45 minutes by speed boat depending on site).
• Popular dive sites nearby include Dibba Rock, Snoopy Island Sharm Rocks, Inchcape 1 and 2 wrecks, Artificial Reef, Hole in the Wall and Martini Rock.
• Diving is suitable for beginners and advanced divers to enjoy the marine life found in
waters of the Indian Ocean.
• Non-motorized and motorised watersports activities including parasailing, towable rides,
kayaking etc
• Loading of passengers can be made from the beach in front of the Resort using a floating jetty or from the local harbour which is 10-minute drive from the hotel.
• The center is adjacent to Le Meridien’s Gonu Restaurant and Bar where divers can enjoy discounted rates off F&B

Facilities
• The center features a reception area with large, fully stocked shop including products from Aqualung, Apeks and many other well-known brands; classroom; office; storage for retail equipment; compressor room; staffroom; pantry; men's and women's bathrooms with showers.
• Directly outside the center is an equipment storage shed with window for issuing and receiving rental gear; two large dunk tanks with freshwater tap; equipment drying area; shaded tables; more men’s and women’s bathrooms, open space to store watersports equipment like kayaks and towable rides, direct access to the beach.
• The beach has a dedicated area to display watersports towable rides, SUPs and kayaks, company flags.
• The center has access to the hotels pool for training dives.

Address Beach Resort Fujairah
• Opened in July 2021 the resort is one of the most luxurious properties in the emirate with over 53,600 sqm, 196 rooms, 10 private villas and 170 serviced apartments.
• Al Boom Diving manages the diving and watersports center at Address Resort operating as a satellite to its larger center at Le Meridien Al Aqah.
• The Address Resort is a convenient 5-minute drive by road from Le Meridien Al Aqah.
• The facilities include a dive center with shop, classroom, changing area and storage room. The center has access to the hotels pool for training dives. A dedicated space on the beach is used to display watersports equipment.
• The popular dive and snorkeling site known as Sharm Rocks acts as house reef to the Address Dive Center and can be reached by a quick 5-minute boat ride.

What else to know?
• Currently the centers operate with one receptionist; four diving instructors; eight boat drivers; one equipment handler; one salesperson at Le Meridien and a second salesperson/receptionist covering Address.
• Al Boom Diving will supply rental and retail equipment at preferential, wholesale rates.
• The prospective buyer should maintain the centers to the high quality, safety and insurance standards set forth under Al Boom Diving’s long management term.
• For a serious buyer looking for an amazing opportunity to operate one of the premier diving and Watersport scenters in the region please enquire directly for sales numbers, dive center rents and running costs. We are open to serious offers.
About the Business
Years in Operation
23
Employees
15
Franchise
This business is an established franchise
Facilities & Assets
• 5 dive boats with twin outboard Suzuki Engines; 2 fishing boats with twin outboard Suzuki Engines; 1 parasail boat with twin outboard Suzuki engines; 5 watersports boats with single outboard Suzuki engine; 1 rescue boat.
• Toyota Minibus
• Full inventory of rental gear
• Fully stocked shop
• Two Bauer Air compressors & air bank.
• Versadock floating pontoon Jetty.
• Watersports Rental Equipment & fishing gear.
• Two trailers for dive boats, two trailers for watersports boats, one trailer for parasail boat.
• Office & shop fittings & fixtures
Website
https://www.alboomdiving.com/en
Market Outlook / Competition
This is the longest established, largest dive and watersports center on the East Coast of the UAE.
Opportunities for Growth
The right buyer can leverage the booming Dubai economy, tourist and staycation trade to attract divers and watersports enthusiasts to the UAE's best dive sites and popular beach at one of the most well known centers in the Emirates.
Real Estate
Owned or Leased
Leased
Rent
$92,000.00 per month
About the Sale
Seller Motivation
After successful operations for over twenty-two years the owners have decided to
Transition Support
Al Boom Diving are looking for a buyer to partner with where we shall continue to send students from Dubai to complete their PADI courses plus send bookings for dive and snorkeling trips at travel operator rates.
Listing Info
ID
2340153
Listing Views
522
Attached DocumentsAttachment Disclaimer

Al_Boom_Diving_Le_Meridien_Al_Aqah_Address_Fujairah_Sale_UAE.pdf

Business Location

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Business Listed by: Colin Nelson

Listing ID: 2340153 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.