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BUSINESS REFERENCE : GO006 / RightBiz GO006-MALLORCA -£ 409,000-SUPERIOR BOAT MANAGEMENT COMPANY | | | | | | Superior Boat Management Company Ref.GO006 Location Mallorca , Spain Asking Price £ 409,000 Confidentially offered for sale | | | BUSINESS LOCATION: | Undisclosed Relocatable SPAIN | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Boat Yards & Marines | | SALE: | Agent Sale | LEASEHOLD: | £409000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business is a superior yacht maintenance management company specialising in all aspects of marine electrical and mechanical engineering. The business is based in Mallorca and offers a wide range of superior boat services within the Balearics.
As the specialist boat management company of the Balearics, Balym Marine has prime position on the main marina at Mallorca with regular mooring for 840 boats. There are also 3 other marinas close by and these are also serviced by Balym Marine.
The company pride themselves on offering a unique suite of services and hold contracts with private clients as well as corporate clients.
The business is entering its 4th year of trading and has steadily grown to a profitable business. There has been significant growth during this period and key developments include refocusing the direction of the company and targeting clients who are not resident on the island as well as those who are, vetting local engineers to ensure the specialist servicing is of the highest quality as well as acquiring commercial borrowings for the success of the business.
Quality Assurance:
Quality Assurance is a high priority for the specialist team at this bsuiness. By being independent of the manufacturer and working directly for the owner, they are able to provide a service suited to the client’s needs without any conflicts of interest.
Following any maintenance, clients are assured that their yacht has been prepared to the required standards prior to being delivered back to them.
The depth of experience gained in yacht management and maintenance enables the team at this business to pinpoint possible hidden snags and correcting them.
Customer Service:
The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality of workmanship. All members of staff are highly motivated; some of them are multi lingual to ensure that effective communication is achieved at all times. In addition this business focuses on delivering a service within the agreed timescale.
Key Strengths:
The business is located in an excellent location and has built a strong reputation. Customers are offered the reassurance of a Quality Repair Service with the minimum of fuss and inconvenience, a service that is second to none.
By delivering total customer satisfaction, the business achieves its own objectives of building customer loyalty and gaining positive referrals.
Mallorca
Mallorca is the largest island resort belonging to the Balearic Islands, one of Spain’s autonomous regions. It is a haven for those seeking sun, sea and sand with a wide range of resorts each one catering for different clientele, from the lively party atmosphere of Magaluf and Palma Nova to the more family orientated areas of Santa Ponsa and Alcudia.
Nautical activities are the bread and butter of an archipelago ever open to the sea. Maritime competitions are the high points of the sporting calendar, especially the many internationally prestigious sailing regattas in Palma Bay. In these waters sailors vie for the Trofeo Princesa Sofía, the Copa de Su Majestad el Rey, and the Trofeo Almirante Conde de Barcelona, occasions for celebration by the city, the island, and all the Illes Balears. It was here in the Bay that the greatest sporting event in the history of the city was partly held: the 1999 University Olympic Games. To provide the Games with the necessary facilities the whole sporting infrastructure was modernised, an action that benefited and will continue to benefit both local people and visitors.
Among the installations that were given a sharp boost by this very special sporting event was the Escuela Nacional de Vela Calanova, a real hub and powerhouse for water sports in the islands. Diving, windsurfing, game fishing, water-skiing? the visitor has a limitless range of sports to chose from. The abundance of schools in which to acquire or perfect the skills that these nautical sports require guarantees a magnificent holiday in permanent contact with the sea.
Mallorca has an intimate relationship with the sea, with nearly 20,000 moorings in its marinas. It should then be no surprise that maritime competitions, especially regattas, dot its calendar.
Growth and Expansion:
Already linked to a wide range of private and corporate clients, the business has a well established reputation and well developed key relationships ensuring further growth as it expands into other locations. The business is well positioned to take maximum advantage of this growth as it occurs.
Premises:
Superbly located in Mallorca, the business has a marketing suite located in the main marina which has an average of 840 boats being moored at any one time. In addition, 3 other marinas are close by.
Equipped with the latest technology and a highly trained work force the business handles work promptly and efficiently.
The premises are leasehold with a flexible renewal period. The annual rent for the premises is €18,000 per annum.
Advertising and Marketing:
To date the Company has invested in the Website which has seen great success. The company is recognised for its expertise within its relevant fields of operation and therefore most of its work comes via word of mouth. The Company delivers what it promises.
Financial profile:
The business is being offered for sale as an ongoing concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The current turnover is circa €350,000 per annum with a gross profit of circa €105,000 per annum.
Employees:
The business employs a total of four full time staff
• One well experienced engineer
• One well experienced fibreglass specialist
• One mechanic
• One administrator dealing with general enquiries.
In addition to the team of specialists above, the business uses a reliable team of sub contractors on a regular basis.
Reason for Sale:
The vendor now wishes to pursue other lifestyle interests. Full support and training will be provided for the new owner | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GO006 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
