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BUSINESS REFERENCE : GO010 / RightBiz SPORTS BOAT IMPORTER AND MANUFACTURER | | | | | | Sports Boat Importer and Manufacturer Confidentially offered for sale Ref No: GO010 Location:South West Asking Price: £245,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Sports Centres | | SALE: | Agent Sale | LEASEHOLD: | £245000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business was established in January 2005 and was based on acquiring the European distribution rights for a twin hull inflatable rib ports boat. These boats are manufactured in South Africa and consist of a range of four models capable of taking outboard engines up to 90HP. These boats have formed the basis for a new formula in boat racing and the company sells around fifteen of these hulls every year.
The business then boat the intellectual rights for a larger single hull rib. This hull forms the basis of a range of day boats. The hull design is unique and it is noted for extreme strength, safety, stability and excellent handling. There are ten boats in the range varying in size from 2.8m – 8.25m. Prices range from £1099 - £40,000
Upon completion every boat is brought to the South West based company where it is subjected to a rigorous quality control prior to delivery.
The company has a small base of UK based dealers and distributors in Sweden, France, Denmark, Spain, Greece and Majorca.
Customer Service:
The business has a database of one thousand five hundred customers all of whom are kept update with news of the latest developments and product launches.
Key Strengths:
The boat market has seen consistent growth over the last ten years with the inflatable rib capturing more than its share of the market place. This company is ideally positioned to take advantage of this trend with its wide model range and cost effective manufacturing plants in South Africa and the US.
The business has a good infrastructure and has a strong brand image. The product compares favourably with any top end product and is competitively priced.
Growth and Expansion:
The business does require investment in a cohesive marketing strategy to maximise its product range.
There is a massive opportunity for growth in the US market and the European market remains virtually untapped.
Employees:
There are two directors and four full time employees
Advertising and Marketing:
The company has a comprehensive web site and has invested in a range of top quality brochures which it uses for direct mailshot campaigns, they are also used for distribution at the Southampton and London boat shows. The business has invested in excess of one hundred thousand pounds in marketing over the past three years.
The company advertises in a number of boating magazines and its products have received very favourable reviews when subjected to extensive in depth boat tests.
Premises:
The premises do not form part of the sale
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Sales are presently exceeding £225,000 per annum and producing a gross profit of circa £45,000.
Reason for Sale:
The directors have a number of commercial interests.
Support and Training
Both directors will be willing to provide a full and seamless handover for a period to be agreed as part of the overall sale negotiations | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GO010 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
