MergerPlace

Party Pedal Boat Ready to Sail,

Minnesota (Scott)


  • Asking Price: $99,000
  • Gross Income: $5,360
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $1,655
  • FF&E: $110,640
  • Listing ID: #225561
  • Established: 2017
  • Employees:

Business Description

This is your chance to get into the recreational boating business turn-key: just add your lake! This business is set up and ready to run with a custom built pontoon outfitted with state-of-the-art equipment to make it a luxury cycle cruising experience. Accommodate up to 12 cyclists as they socialize on a leisurely trip, assisted by a motor, to make sure the boat always keeps moving. Included in the listing price is everything you need to take this business and make it your very own: pontoon, trailer, website, social media accounts, and merchandise all ready at your finger tips to start at your location.

This business is currently located in Minnesota (the land of 10,000 lakes) but could be relocated to any location with a body of water big enough to enable the operati


Business Details

Primary Business Category: Services - Other Services
Location: Minnesota
County: Scott

Company Information

Year Established: 2017
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $99,000
Gross Revenue: $5,360
FF&E: $110,640
Inventory: $1,655
Seller Financing Available: No

Property Information

Facilities:

No location included in the sale- you can set up wherever you would like!

Growth & expansion opportunities:

The outdoor recreation market is booming with Americans re-discovering their love for outdoor adventures. Use this unique experience to add on to your existing lake business, or start a new lake business with this turn-key operation. Once you have the keys, you could have themed parties, live music, small art acts, or other activities to draw in new users. Use the established website and social media accounts to reach out to new audiences. Once established add more boats and/or different locations for added convenience and options for customers.

Competition:

The Sightseeing Transportation industry provides a variety of ground, nautical and aerial sightseeing transportation for everyday consumers. Industry operators generally offer services such as bus tours, whale watches, helicopter rides, boat and dinner cruises and locomotive excursions. Over the five years to 2020, the industry benefited from improving economic conditions, including rising levels of per capita disposable income, which resulted in many consumers increasing their recreational expenditure. However, travel activity during the five-year period decreased, most notably in 2020 due to COVID-19 (coronavirus), which restricted consumers from international and domestic travel. This severely affected industry operators and dragged down performance for the current period. As a result, over the five years to 2020, industry revenue is expected to decrease at an annualized rate of 9.7% to $2.5 billion, including a decrease of 41.5% in 2020 alone. As an industry that generates revenue through nonessential vacation and recreational expenses, industry operators benefit significantly from rising disposable income, which is estimated to increase an annualized 1.5% over the five years to 2020. This trend has enabled consumers to take more vacations, purchase more sightseeing tours and upgrade to luxury forms of sightseeing transportation. Moreover, nearly all industry operators switched to online booking platforms during the five-year period, reducing their operating costs, while the price of diesel, a large purchase cost incurred by operators, declined. Thus, industry profit, measured as earnings before interest and taxes, increased over the past five years and is expected to account for 11.8% of revenue in 2020. Over the five years to 2025, the industry is anticipated to continue to grow as the greater economy and tourism sector recover from the fallout of 2020, resulting in more consumers enlisting industry services. Moreover, travel activity is anticipated to increase rapidly as a result of pent-up demand. Most notably, international travel to the United States is anticipated to grow at a much faster rate than during the previous period and at a more stable rate. International customers are more likely to purchase high-margin services due to their unfamiliarity with tourist locations, benefiting industry operators. Therefore, industry revenue is forecast to increase an annualized 13.4% to $4.7 billion over the five years to 2025. --IBIS World

Reason for selling:

Other interests.

Support & Training:

Will train for 2 weeks @ no cost Boat captains must obtain license for charters of up to 16 people per the location/state/body of water guidelines.

Contact Business Seller

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Business Listed By:

Jacob Petersen

Murphy Business Brokers