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Business for Sale Overview:

The business was established in January 2005 and was based on acquiring the European distribution rights for a twin hull inflatable rib ports boat. These boats are manufactured in South Africa and consist of a range of four models capable of taking outboard engines up to 90HP. These boats have formed the basis for a new formula in boat racing and the company sells around fifteen of these hulls every year. The business then boat the intellectual rights for a larger single hull rib. This hull forms the basis of a range of day boats. The hull design is unique and it is noted for extreme strength, safety, stability and excellent handling. There are ten boats in the range varying in size from 2.8m – 8.25m. Prices range from £1,099 - £40,000. Upon completion every boat is brought to the South West based company where it is subjected to a rigorous quality control prior to delivery.

Property Features and Assets:

The premises do not form part of the sale.

Market Competition and Expansion:

The company has a comprehensive web site and has invested in a range of top quality brochures which it uses for direct mail shot campaigns, they are also used for distribution at the Southampton and London boat shows. The business has invested in excess of one hundred thousand pounds in marketing over the past three years. The company advertises in a number of boating magazines and its products have received very favorable reviews when subjected to extensive in depth boat tests.