Paddlewheel Boat Cruises & Special Events

Fort Myers, FL
Lee County

Caloosahatchee River, Ft. Myers


Asking Price: Annual Revenue:
$1,500,000 Not Disclosed

Recreation: Entertainment


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RE: Paddlewheel Boat Cruises & Special Events Broker: Steven Niehaus
License #: SL3338271

Quick Facts

Asking Price: $1,500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,220,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 20
BBN Listing #: 592656894
Broker Reference #: 964-21403

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Business Overview:

Iconic paddlewheel boat has been providing a variety of cruises on the scenic Caloosahatchee River and Florida's Intercoastal Waterway. Current cruise offerings include Brunch Cruises, Luncheon Cruises, Sunset Cruises, Dinner Dance Cruises, Holiday Cruises, All-day Intercoastal Waterway Cruises, and private/special event cruises.

The paddle wheeler is currently docked at a major growing downtown, near new hotels, restaurants, condominium and apartment complexes. Southwest Florida growth and post-COVID recovery should provide numerous opportunities for increased usage and growth.

The 475-passenger, 92-foot excursion boat is valued at $1.14 million. The vessel has three levels and is set up for sight-seeing, dining, music and dancing. Two decks are climate controlled inside decks, and the 3rd deck is open air. Recently completed professional survey will be made available for prospective buyers.

The offering also includes a 4COP liquor license.

The business currently rents an office near the dock as well as the dockage space. Administration could be managed from home office.

Business has excellent reviews on TripAdvisor, Facebook, Google, Yelp, etc.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The vessel is a three level excursion paddlewheeler with 475 passenger capacity. Length is 92' with 30' beam. Registered depth is 5.6' with weight of 84 net tons. Propulsion is twin V-8 Detroit Diesels. The estimated market value of the vessel is $1,140,000. Marine Survey was completed by Accredited Marine Surveyor dated April 17, 2021. The boat is docked at the Fort Myers Yacht Basin.

Market Competition and Expansion:

The "competition" is for events, sight-seeing, tourism. The southwest Florida market offers a variety of activities for visitors and residents - boating, golf, fishing, hiking, restaurants, entertainment, etc. However, there are limited offerings for waterway cruises for holidays, special events, relaxing brunch/lunch/dinner cruises, sightseeing. COVID-19 greatly impacted this business; however, business volume is recovering nicely.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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