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Cruise Charter Company For Sale

Location  Mauritius
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $650000
Net Profit / Cash Flow  $275000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2007
Number of Employees  6 - 9
Inventory  825000
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Owned
Training  Yes
Reason for Sale  Main partner moving to Australia.
Description  INTRODUCTION Passion Oc‚ane is by far the most successful Cruise Charter Company operating out of Grand Bay -- Mauritius' bustling tourism center and the gateway to the magnificent Northern Isles. Company assets include two custom-built 39ft catamarans imported from Cape Town in 2008 and 2009 respectively. Both catamarans are identical in design: they are spacious and modern vessels, built for comfort and performance. Each catamaran is licensed to carry 42 people. The company also owns one 25ft speed boat built locally and ideal for coastal and lagoon excursions, fishing, dolphin/whale watching and water skiing. The speedboat is licensed to carry 12 people. All vessels are maintained in a brand new state. About 50% of our revenue is generated through our website. The rest of our business is generated through partnerships with tour-operators, hotels and the local corporate sector. COMPANY VALUE AND ASKING PRICE The company is valued as follows (in Mauritian Rupees): (1) certified capitalized value of three vessels (Rs 24,000,000), (2) goodwill (boat permits, client base including partnerships with tour-operators, hotels and corporate clients, a range of marketing tools and a highly trained staff (Rs 8,000,000) and (3) expected future profit earnings over the next 5 years (Rs 40,000,000), for a total value of Rs 72,000,000. Our asking price is Rs 40,000,000, which is based on expected profit earnings over a single year (Rs 8,000,000). The price also includes a 3-month handover by the Managing Director. Based on current revenue figures and asking price, this business offers a 20% return on investment. OFFICE LOCATION Fantastic seafront location overlooking all three vessels, with 4 bedrooms and direct access to a near-secluded beach. Rent is an absolute bargain at Rs 38,000. Can serve both as home and office location for the owner (as is presently the case). CONTACT Tel: +230 498 8585
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