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Bm8736wm – Marine Maintenance & Service

Business for Sale
Perth WA

A boat management company overseeing the maintenance of luxurious boats for high-net-worth clients.

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BM8736WM – Marine Maintenance & Service

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
MARINE MAINTENANCE SERVICE AND SALES
MULTIPLE INCOME STREAMS

KEY FEATURES:
If you have an eye for detail and a passion for providing excellent service this is a business you will want to step on board of!

This business is a boat management company overseeing the maintenance of luxurious boats for high-net-worth clients.

The business provides a complete maintenance & management service to the local luxury boat industry; everything from wash-downs and detailing, repairs and servicing, organising contractors & trades, and scheduled repair work. It has been established for 10 years and given the current owner an excellent life style with plenty of flexibility to take time off.

::>>> LOW STOCK =equals= low working capital requirements and cash-flow benefits
::>>> ON-GOING “MAINTENANCE” PRODUCTS =equals= ongoing future work as products wear out and are replaced
::>>> ESSENTIAL PRODUCTS =equals= the warm comfort of knowing customers will keep coming back for more
::>>> LOW ADVERTISING BUDGET =equals= Less money wasted in generating new sales
::>>> 5 Day Working Week =equals= a chance to watch your kids play weekend sport, and morning coffees at your favourite café

Some of the key financial points for the business are shown below:
PRICE: $405,500
Sales: $687,633
Net Profit: $242,629

Risk Reducing Key Features:

• Essential Services for its Clients
The clients of the Business are “time poor” and recognise that the ongoing maintenance of their boat is best left to professional management services who can look after the boat in the best manner at the most cost effective price.

Considering many of the vessels are worth well in excess of $1 million it makes sense for clients to outsource the maintenance of their boats to a professional third-party such as the Business.

• Low Hours Per Week by Owner
The present owner opts to work in the business working for about 30 to 40 hours per week. His main duties are general administration and responding to calls and emails. Contact with new clients is limited to handling enquiries which arise through referrals.

• Repeat-Order Client Base
The Business has approximately 25 clients who continually use the business week in week out, year-round.  These clients recognise the advantages of having a professional boat management service maintain their vessels and are happy to pay for the regular maintenance and service undertaken.

• High net worth clients = no bad debts
Given that the minimum boat value maintained by the Business is approximately $500,000 and ranges up to boats with $10 million, clients are high net worth individuals who are time poor and therefore have no problem or ability paying the Business for the services they utilise. Subsequently, there are no bad debts in this business.

• Low Competition
The Business competitors are long-established, so the company has always operated against the present level of competition.

• Owner Can Take Holidays
The business owner is able to take holidays away since the business processes are straight forward, and can be handled by the staff. In the 2015 financial year business owner to approximately 8 weeks leave from the business.

• Low Trading Hours
The business generally only operates from Monday to Friday.

The business profile on this business is now available, so register your interest by clicking the “email me” link below my photo.

Email Me now to register your interest for this excellent business.

Blair Macdonald

Phone: (08) 9429 8882
Mobile: 0433 149 144
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