Contact: Rex Walters CBB At 831-239-2080 - Also Email This Contact Below
Asking Price: $625,000 Down Payment: TBD
Annual SDC: $132,000
Annual Gross: $227,000
Attributes: Broker-Broker Coop, Home Based, Lifestyle, Training & Support, Relocatable, SBA Loan Pre-Qualified
BUSINESS IS IN ESCROW. BACK UP OFFERS ONLY AT THIS POINT.
Description: California Dreamin' - Yes, the dream is still alive and well, even in 2020. Welcome aboard an amazing opportunity; living and working on the water in fabulous Los Angeles, CA. Does it get any better? Maybe, but not much.
We present to you Bella Boating, a rapidly growing Sport Yacht Charter Business with plenty of room for growth. Located in the highly desirable Marina del Rey Small Craft Harbor in Los Angeles, Bella Boating was established in 2018 from scratch, and has exceeded all expectations. The owners started the business as a way to enjoy the boating lifestyle while being able to cover the costs of the vessel. Word quickly spread that 'this was the boat to be on' especially if you wanted an exceptional experience on the water.
The client list includes celebrities, professional athletes, Hollywood executives, influencers and successful business people. Premium pricing attracts premium clientele. Little touches provided on this yacht send guests to their phones to write 5-Star reviews, which substantially reduces the cost of advertising to ZERO. Additionally, strategic partnerships with top hotels, concierges and tourism boards has kept the books full, beyond the owner's needs.
Your golden slice of paradise, where year-round cruising is the norm, has easy access to a large population of well-heeled clients. And yes, this is one of the few group activities that is currently fully compliant with Covid 19 restrictions (subject to change by government authorities of course).
This is a luxury Sport Yacht charter business offers client focused all-inclusive packages with pre-determined routes, destinations, and durations. The crown jewel is the 50 ft. LOA Sport Yacht that is currently chartered out of Los Angeles, CA. According to the founders, this is an early-stage company poised for significant growth. Bella Boating is currently permitted to add two additional vessels under their highly coveted Water-Taxi License, required to operate in LA. Based on the current pace, the owners foresee generating $250k to $300k in 2021 as-is without adding any additional boats. Any additional growth from adding boats would depend on the type of boat, COVID restrictions, among other factors.
The operations are currently run from a home-office at approx. 10 hours per week plus onboard charter time. Daily activities, include posting on social, responding to inquiries, and scheduling pickup/drop-offs. They currently run the charters with as-needed help.
Building a strong, transferrable business foundation is what these owners do best. Excitingly, this is the 5th business the owners have started, and exited. They both have other businesses and career opportunities that will have them relocate after the sale, so they are looking to pass this opportunity to a motivated and qualified buyer. Is that you?
Boat skipper must have at least a 6-pack Coast Guard license. A Master license is ideal.
Price: $625,000 includes 2007 50 ft LOA yacht plus exceptional AB dingy. Gross: $227K annualized for 2020. SDE: $132K annualized for 2 part-time owners. Annualized for 2020 only.
Terms: SBA pre-approval pending Lease: Currently home-based. Slip lease for boat $980/mo.
Seller Financing: Some possible for an approved buyer
HIGHLY CONFIDENTIAL. CONTACT BROKER FOR NDA. PROOF OF FUNDS REQUIRED.
To get more information about this Yacht Charter Service - Home Based, Lifestyle business for sale in
Southern California please phone Rex Walters CBB (Broker - BRE License #:01841628) at 831-239-2080 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #265855 on BizBen.com. In addition to phoning
Rex Walters CBB, make sure you email Rex Walters CBB above to get more info about this
Yacht Charter Service - Home Based, Lifestyle, to ask any questions or request an appointment to see this
business for sale. Thank you.