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Businesses for Sale:

Categories: Services - Other Miscellaneous Services
Services - Amusement & Recreation Services - Not Elsewhere Classified
Location: East Coast

Asking: $5,000,000.00
Revenue: $4,000,000.00
Cash Flow: $700,000.00
Down Payment: $0.00
Furniture, Fixtures & Equipment: $8000000.00
Inventory: $50,000.00
Financing:
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Summary Description: Started in 1982 and ideally located in a major city on the east coast of the United States, the company provides chartered tours, which include receptions, corporate entertaining, dockside events, and meetings. Services offered to the public include lunches, dinners, moonlight tours, and sight seeing tours. Entertainment, food and beverage (including alcoholic beverages) service is available on all of the cruises. The company has a first class fleet of boats that were recently appraised for $7,125,000.

The company has an excellent reputation in the market place. The company has 20 years remaining on its lease in a prime location and there is no other cruise business with a lease nearby. Fiscal Year 2005 Normalized Cash Flow was over $700,000. Management believes Fiscal Year 2006 revenue and profitability will exceed Fiscal Year 2005 numbers. The company has 25 seasoned full time employees including a general manager with more than 16 years of experience and approximately 100 part time employees.


General Information
Year Eestablished: 1982
Employees: 125
Facilities: Premier location in thriving city.

Market Outlook
Competition: Little competion nearby.
Growth and Expansion: The business can grow faster by additonal marketing.

About the Sale
Support/Training: Owner is willing to train.
Reason Selling: One owner is planning to retire and the other owner is pursuing other ventures.

Contact Information
Contact: Michael K. Mathews
Phone: (443) 512-8991
E-mail: Michael@SuccessBusinessServices.com

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1810 York Road, Suite 103 • Timonium, Maryland 21093
Telephone: 443-512-8991 • Fax: 443-512-0391