Seasonal Boat Franchise Location w/ Territory Protection

Suffolk County, NY
Asking Price:$199,000
Inventory:$7,500
Established Year:2020
Gross Revenue:$184,520
EBITDA:$101,481
BUSINESS DESCRIPTION

No Boat Experience Required - 500+ 5 Star Reviews

Reason for Selling: Pursing Legacy Business in honor of family

Leasing: The asking price is for the business we have built, not the boat. We pay a lease price of $2,650 per month. Should you wish to buy the vessel instead of leasing you can do so for an additional $200,000 all in.

Breakeven: Breakeven in less than 12 working months. The EBITDA is closer to $80,000 if the owner does not wish to run any charters. It is closer to $112,000 if the owner is willing to work all of the charters

Territory Protection: The franchise fee is 5%. In exchange, you benefit from territory protection & franchise support.

Other Benefits: Tested business model, strong market position, training videos, support, preset tested marketing campaigns, access to suppliers/inventory.

Low Start Up Costs: Skip the costly learning curve, vessel delivery costs $4,500, registration $13,500, dialing in marketing campaigns, photoshoots etc.

Google Paddle Pub Long Island and our countless reviews will give you insight on our commitment to exceptional service, reputation and credibility.

See more videos & content on our built Social Media Channel with influencer content
@ https://www.instagram.com/paddlepubli/

*Click on the attached FDD document below for detailed financial information


ATTACHED DOCUMENTS
Franchise Disclosure Documents (NOT UPDATED).pdf Download

DETAILED INFORMATION
Location
Suffolk County, NY
Inventory
Included in asking price
Employees
8
Facilities
- 26 Passenger Vessel Walkthrough https://www.youtube.com/watch?v=c9myUNgqbFg
Competition
There are no cycle boat competitors.
Growth & Expansion
- Captain Ran will increase take home - Utilizing Beer & Wine License instead of BYOB - Offering 3 hour cruises regularly - Themed events - Trolley Bike Sister Venture - Advertising on Tik Tok, Snap Chat & with Third Parties Cons - Time & Cost commitment to pursuing the above items - Tough to find reliable people - Limited operating areas - Weekends not long enough!
Financing
Date Is Approximate
Support & Training
Franchise will provide a full training for $1,500. Training may be out of State depending on time of purchase.
Reason for Selling
Not a boater at heart, looking to pursue passion in a new field
Franchise
This business is an established franchise
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Zak Seghrouchni
Zak Seghrouchni