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Corporate & Private Yacht Charter Service, w/RE

For over 30 years this premier corporate and private yacht charter and event planning business has been providing customized events for fortune 1000 companies as well as companies is Europe, South America and the middle east. The business is a leading provider of luxury yacht charters, charter boat rentals and luxury dinner cruises. The company name is synonymous with superior quality, superb service and unmatched professionalism.

Economic conditions caused 2008 revenue to fall to about $4,000,000.00. Revenues over the past ten years reached over $8,000,000.00 with adjusted income to the owner exceeding $2.5 million. 80% of revenue comes from corporate entertaining, 20% from the private sector. Due to recent economic conditions, the company has formed a promotion department to concentrate on expanding the private sector business through promoting high quality dinner cruises featuring name entertainment.

The business is based at a very desirable 4000 sq. ft.waterfront facility owned by the seller. The location is grandfathered to remain a marina but is zoned to be developed into a multi unit residential complex. The real estate is valued at $8 million and included in the asking price of the business.

The sale is structured as a “sale of assets” since the asking price is considerably below the market value of the real estate and yachts. The seller is very motivated and will consider all reasonable offers. A detailed Confidential Business Review is available by contacting us.