Yacht Rental Charter Company - #1 Rated in NYC

New York, NY
2020 Cruisers 38 GLS

Seller Financing Available

Asking Price:$600,000
EBITDA:$250,000
Established Year:2020
Gross Revenue:$550,000
FF&E:$15,000
BUSINESS DESCRIPTION

The best reputation in the NYC/NJ area with the newest, nicest, yachts

Are you ready to set sail on a new business venture? We present an exceptional opportunity to acquire one of the most successful yacht charter companies in the heart of New York City. With a reputation for luxury, excellence, and unforgettable experiences, this business has been a prominent player in the industry for years. We have changed the standard for the market and others have tried to emulate our model unsuccessfully.

Owner will consider financing up to 50% of the purchase price. The two current yachts can optionally be purchased, on a separate traditional boat loan, or the buyer may use their own vessels. The purchase price here is for the business only, not the vessels.

Key Features:

Established Brand: In the NYC market, our yacht charter business is synonymous with service, backed by a well-established brand that resonates with clients seeking unparalleled experiences. Over 30% repeat/referral business. We are the go-to choice for concierge at the high-end hotels.

Prime Location: Situated in the vibrant hub of New York City, our prime location offers access to a high-net-worth clientele, tourism and unique partnerships ensuring a steady stream of bookings and consistent revenue.

Online Presence: A robust online presence, including a user-friendly website, 3 years of Google Ad data and active social media accounts, together contribute to a strong digital footprint and a steady flow of inquiries.

Proven Revenue Model: With a proven revenue model and a track record of consistent profitability, this business is poised for continued success under new ownership. As mentioned, 30% of our business is repeat/referral and that number is still climbing.

Optional Vessel Purchase: The owner will sell one or both of the current vessels in a separate transaction. Both are 2020 model year and in excellent condition, specifically selected and upgraded to work in a charter environment. There is a Cruisers Yacht 38 GLS and a Sea Ray 270 SDX. The price on the vessels will be negotiated, but expect it to be approximately 95% of the median sale price off YachtWorld, currently about $710k. These could be financed via a traditional 20 year boat loan, if preferred.

Why Invest:

Lucrative Niche: Yacht charters cater to a high-end market, providing a unique and exclusive experience that sets our business apart. There are many options to significantly increase revenue in the works.

Turnkey Operation: Benefit from a turnkey operation with an experienced team, established relationships, and operational processes in place.

Expansion Opportunities: There is ample room for growth and expansion, whether through additional services, marketing strategies, or exploring adjacent markets.

Financial Overview:

Detailed financial information will be provided only to SERIOUS inquiries. Our financial records are detailed and demonstrate a history of strong performance, making this investment an attractive proposition for discerning entrepreneurs. NDA's will be required. The business earns approximately 50% net profit and has the potential to extensively expand both top and bottom line numbers.

Contact Information:

Serious buyers are invited to contact us for more information and to schedule a confidential discussion. Don't miss your chance to own a prestigious business in the heart of New York City's flourishing yacht charter industry.

This business is being sold solely due to a planned relocation. We are still an active and growing business.


DETAILED INFORMATION
Location
New York, NY
Inventory
Included in asking price
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located in Chelsea Piers. There are 4 deck boxes and all equipment, safety and otherwise, are included in the sale. One or both of the two vessels may be negotiated separately, but are currently valued together at $710k. The buyer may optionally purchase the business and use their own vessels.
Competition
The market has been growing over the years, but no one has been able to deliver the level of customer service, new yachts, yacht level cleanliness and so much more. We consistently deliver a standard that no one has been able to beat. The competition consists of mostly dirty old boats and an apathy towards treating customers well. We can share more insights on the market and strategies when appropriate.
Growth & Expansion
Addition of a 25 pax vessel would be a natural evolution. We have a lot of inquires for higher numbers of guests that this could support. Business model for this expansion already developed and would push revenue to well over $1m.
Financing
Seller may finance up to $200,000 of purchase for 24 mo @ 10%.
Support & Training
Will mentor, coach and train, and provide all proprietary documents, processes and all vital information to operations of the business. Owner willing to consider whatever levels of support are needed to make this a great transition. It is not a difficult business, but this is somewhat because we have created the very best process to manage it.
Reason for Selling
Relocation

BUSINESS LOCATION
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Amal Salameh
Amal Salameh