Family Friendly Florida Adventure Cruise

Fort Walton Beach, FL
Asking Price:$1,500,000
Gross Revenue:$500,000
Established Year:2015
Cash Flow:$350,000
FF&E:$300,000
BUSINESS DESCRIPTION

Catamaran Cruise featuring snorkeling and dolphin viewing

Cattywampus is a 46 foot power catamaran that is USCG licensed to carry 49 passengers, operating out of Fort Walton Beach Florida. The vessel is in good condition, with recent survey available. The boat operates during an eight month season, from March 1st through October 31st. March 1st to May 15th we run two 3 hour cruises per day, May 16th to Aug 15th we run three 3 hour cruises per day, August 16th through October 31st again two cruises per day. With a total annual passenger capacity of around 24,000 persons. During the past two years we have carried 12,000 passengers per year, leaving considerable capacity for future growth. Gross reciepts for the past two years have exceeded $500,000 per year. All figures are available to interested parties. Annual benefit to owner is about $350,000. The existing boat crew and reservation staff are willing to transfer to new owners, the captain has been with us for over 20 years, so this is almost a turn key oportunity, the boat is in fine condition, all advertising and social media and web site comes with the sale. The business online Google rating is 4.9, we are in the TripAdvisor hall of fame (5 star reviews for 5 consecutive years), USA Today readers voted this cruise as #8 out of the top 10 in the USA. The business was started in 2015.
The vessel is a Kurt Hughes design catamaran 46 feet long, with a beam of 28.5 ft, and a draft of 2 feet. Over 900 sq ft of deck space. Powered by two Yamaha T60 outboards, with one new T60 provided as a backup. The vessel is equiped with a good sound system for musical entertainment, and laser lights to create a disco effect after sunset. A 12 foot inflatable RIB dinghy (bought in 2021) is also supplied, fitted with a 25 hp Yamaha outboard.

A 10x12 ft Kiosk for office and ticket sales is also included, along with many extras, hurricane anchors and tackle, spare parts, and the extra engine, so there would be minimum down time during season if we have an engine problem. Web site, telephones, computer equipment etc. included.


DETAILED INFORMATION
Location
Fort Walton Beach, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
120
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
10x12 foot portable building with advertising. 46 foot Kurt Hughes catamaran. 12 foot West Marine inflatable dinghy with Yamaha outboard. Spare, new Yamaha T60 outboard engine. Various spare parts anchors and heavy tackle.
Competition
We are the major player with vacationers staying on Okaloosa Island and Fort Walton Beach, there is currently no other boat providing our services in our business neighborhood.
Growth & Expansion
The boat has been operating at about 50% of capacity, so additional advertising and marketing would offer plenty of room to expand, just with the existing boat. Additional vessels could be obtained if passenger demand exceeds the current capacity.
Financing
Negotiable
Support & Training
The business could be a turn key takeover, since the crew would be willing to work with a new owner, I would be willing to work with the new owner for 90 days to help them understand the operation, from a management point of view.
Reason for Selling
I have enjoyed the passenger excursion business for over 25 years, I'm almost 77

BUSINESS LOCATION
Report an Issue with this listing
Rex Walley
Rex Walley