Yacht Charter And Sailing School - Fully Absentee
Business Description
If you are a sailor and truly love the ocean, now is your chance to live the dream and make an excellent living as well in one of the world's most desirable locations. This is an absolutely unique opportunity to acquire a sailing school and yacht charter company that offers all levels of sailing instruction, skippered & bareboat charters, and corporate team building regattas and events. Located directly on the stunning Central California Coast in the Santa Cruz Yacht Harbor, this lifestyle business has been running and profitable since 1979. In addition to the prestige of owning this business, as well as the profits available, this sale includes the rights to 11 commercial boat slips in the Santa Cruz small craft harbor. Expansion opportunities are also available which include Monterey.
Fully Absentee vs Owner-Operator Opportunity: The current owner acquired the business in 2017 as part of a larger corporate acquisition strategy and has operated the business on a Fully Absentee Basis since then.
The owner believes that the business will be most successful, i.e., enjoy the highest production of Revenue and Cash Flow with a full-time working owner.
Under the prior full-time working ownership as of 2017, the business produced:
• Revenue: $595,496 weighted average 3 years (vs $316k currently)
• Pre-Tax Cash Flow / SDE: $182,163 weighted average 3 years (vs $79k currently)
This supports the notion that the business, in its current absentee structure, presents a great opportunity for an owner-operator to manage the business back to its pre-acquisition and historical operating results.
Monterey Bay: The Monterey Bay is part of the Monterey Bay National Marine sanctuary; a Federally protected marine area offshore of California's central coast. The steady and consistent winds, the special quality of open ocean sailing, the abundance and variety of sea life, and the diversions offered by the cities of Santa Cruz and Monterey make the Monterey Bay one of the most challenging and enjoyable sailing venues and tourist locations on the West Coast. Frequent sightings of grey whales, seals, sea lions, dolphins, otters and pelicans are just a part of your sailing adventure.
The Monterey Bay Area is growing and economically successful with a high proportion of High Net Worth Individuals and is also a world class tourist destination.
HIGHLY CONFIDENTIAL. CALL OR EMAIL BROKER DIRECTLY FOR NDA
KEN JOHNSON
Coast Business Brokerage
kenjcoastma@gmail.com
(408) 799-2117
DRE # 01905767
Fully Absentee vs Owner-Operator Opportunity: The current owner acquired the business in 2017 as part of a larger corporate acquisition strategy and has operated the business on a Fully Absentee Basis since then.
The owner believes that the business will be most successful, i.e., enjoy the highest production of Revenue and Cash Flow with a full-time working owner.
Under the prior full-time working ownership as of 2017, the business produced:
• Revenue: $595,496 weighted average 3 years (vs $316k currently)
• Pre-Tax Cash Flow / SDE: $182,163 weighted average 3 years (vs $79k currently)
This supports the notion that the business, in its current absentee structure, presents a great opportunity for an owner-operator to manage the business back to its pre-acquisition and historical operating results.
Monterey Bay: The Monterey Bay is part of the Monterey Bay National Marine sanctuary; a Federally protected marine area offshore of California's central coast. The steady and consistent winds, the special quality of open ocean sailing, the abundance and variety of sea life, and the diversions offered by the cities of Santa Cruz and Monterey make the Monterey Bay one of the most challenging and enjoyable sailing venues and tourist locations on the West Coast. Frequent sightings of grey whales, seals, sea lions, dolphins, otters and pelicans are just a part of your sailing adventure.
The Monterey Bay Area is growing and economically successful with a high proportion of High Net Worth Individuals and is also a world class tourist destination.
HIGHLY CONFIDENTIAL. CALL OR EMAIL BROKER DIRECTLY FOR NDA
KEN JOHNSON
Coast Business Brokerage
kenjcoastma@gmail.com
(408) 799-2117
DRE # 01905767
About the Business
- Years in Operation
- 46
- Facilities & Assets
- The business has 11 slips in the Main Santa Cruz Harbor. There is a long waiting list for slips which is a significant barrier to entry for any competition.
Premier location at the Yacht Harbor with good parking and direct access to Monterey Bay and the Pacific Ocean. Also near excellent restaurant and marine service businesses. - Market Outlook / Competition
- The business is well established with an excellent reputation and repeat customers.
There is no meaningful competition locally.
Generational shift to preferring experiences over ownership will be a long-term benefit. - Opportunities for Growth
- The main opportunity for growth and increased profitability would be in the hands of a full-time owner operator.
Under the prior full-time working ownership as of 2017, the business produced:
• Revenue: $595,496 weighted average 3 years (vs $316k currently)
• Pre-Tax Cash Flow / SDE: $182,163 weighted average 3 years (vs $79k EBITDA currently)
HIGHLY CONFIDENTIAL. CALL OR EMAIL BROKER DIRECTLY FOR NDA
About the Sale
- Seller Motivation
- Change in corporate owner's strategy.
- Transition Support
- 4 weeks, 20 hours included. More by mutual agreement
- Financing Options
- Seller Financing is available to qualified buyer.
Listing Info
- ID
- 2318262
- Listing Views
- 1838
Listing ID: 2318262 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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