Our client was the original innovator of motor yacht chartering in the Virgin Islands and the business model that propelled it to become market leader. Principal Activities: term chartering & management of luxury motor yachts; exclusive Caribbean rights of sale for one of the largest Yacht manufacturers in the world; successful entry into the mega yacht sales and management industry; Yacht charter brokerage for world-wide vessels world-wide in addition to our client's 14-boat fleet; crewed & bareboat yacht charters, daily/weekly; deep sea fishing expeditions in world-class marlin fishing zone.
Clear Caribbean segment leader for semi-displacement motor yacht charters with opportunity to pursue sailboat market; Possession of 3 Trade Licenses which will be difficult to obtain for future offshore investors but the current licenses hold significant capacity for further exploitation and are fully transferable to new owners; Located in the unrivaled center of yachting in the Western Hemisphere; Long established marina lease in a region with 0% vacancy rate; Comprehensive yacht support facility; Strong management team and complete support available during the handover phase from existing principals; Unlimited expansion potential through new sales in the fleet and additional Caribbean bases / franchising. An extension into the prominent sailboat market is supported through the trade licenses; In-house, inter-island aircraft connections service available as separate business enterprise.
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Property Features and Assets:
Inventory of $56,000 is included in the asking price. Three leases - Slips, offices and storage. Marina is one of the most beautiful and hurricane protected in the entire Caribbean.
Market Competition and Expansion:
Possession of 3 Trade Licenses (Yacht Charter, Dealer, Sport Fishing) which will be difficult to obtain for future offshore investors but the current licenses hold significant capacity for further exploitation and are fully transferable to new owners; Closest true competitor is downsizing and over 80 miles away.
Client is in the process of building 6 new 58 foot, state of the art Yachts. Also, our Client has gained the exclusive brokerage rights to sell yachts made by the third largest manufacturer of yachts in the world.
Reason for Selling:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.