Grand Prix Yachting - Another Price Reduction - Selling At Plant Value
Accommodation/Tourism - Tours, Leisure/Entertainment - Recreation/Sport, Services - Boats/Marine
Description: A rare opportunity to enter the tourism market on Hamilton Island, located in the Whitsundays on the Great Barrier Reef, has become available.
Hamilton Island is the most coveted tourist destination on the east coast of Australia and has been operating since 1982. It boasts its own airport with direct flights from Melbourne, Sydney, Brisbane and Cairns with 35 flight per week delivering around 12,000 island guests each month. Since Hamilton Island is privately owned and managed, being able to operate a business there is tightly controlled by the requirement to hold a concession. This ensures only the best businesses can operate on the island while giving a degree of protection from outside competitors.
Grand Prix Yachting operates two Volvo Ocean 60 racing yachts, conducting day sailing tours to the famous Whitehaven beach on Whitsunday island. Products include full and half day tours to individuals, private groups and Hamilton Island's large corporate market. Additional products include local club racing, Airlie Beach and Audi Hamilton Island Race Weeks as well as selected Australian blue water events, such as the Brisbane to Gladstone race and the Around Australia Yacht Race to be held in August 2017.
The business commenced operation from Airlie Beach in 2015 with just one vessel under the name of MeritRacing. It achieved a high level of success within months of startup, allowing the purchase of the second vessel and winning the concession to operate from Hamilton Island.
Having put all the systems into place and getting the business set up on Hamilton Island, it is now time for a cash injection to cover marketing and startup costs.
The opportunity to own and operate a business on this island paradise is rare and has the potential to turn over well in excess of a million dollars each year.
Price: $ 745,000.00 WIWO
Exchange Sale: The vendor of this business will consider an exchange sale.
Stock Value: Upon application
Net Profit: $ 300,000.00 approx
Turnover: $ 1,400,000.00 approx
Plant Value: $ 745,000.00 approx