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Full Service Sailing Center on the Chesapeake Bay

The company is a full service sailing center 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.

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 ownes 17 boats of various sizes plus 5 access dinghies.

Reason for Sale: The owner wishes to fully retire after many years in the business. While he still loves the business, he no longer has the energy to do what is necessary to restore growth. He has decided to sell the company assets to either an enthusiastic owner-operator or a sailing industry corporation that can bring additional resources to grow the business.