Marine Dealer and Service

Well established Marine Service & Sales, SLA contract clients, Retail of new and used boats, Service and Repairs, Spare parts. Business has exclusive agencies on selected leading brands. Territories covered include Mauritius, Seychelles, Madagascar, Reunion, Maldives and other i.o.i. islands. Business is highly profitable, cash positive with huge potential for further growth. Currently operating on EBTIDA Margin of 70%. If you are a hands on person, willing to learn the ropes, enjoy the outdoors and boating, Want to love and work in Mauritius... Then this may be for you. Full training support will be offered to the qualified buyer for a period of 3-6 months depending. Business is divided and has multiple income streams. 1 is the SLA contracts which generate avg. 70K usd per annum, low expenses and yields over 70%EM. 2nd Service, repairs, parts accessories to other customers (constantly growing) producing income avg. 15K usd per annum with 50%EM, the 3rd part of the business is sales of new and used boats. Ordering of new and purchasing of used, which are then sold to prospective buyers. Average sales per annum 200K usd per annum with a 28%EM (THERE IS HUGE POTENTIAL FOR GROWTH, BY THE INPUT OF ADDITIONAL CASH)

REASON OF SALE.. owner to focus on other business. 50% Partnership deal is an option and can be discussed. Preference to sell 100%

May 2018 to May 2019 the business generated a turnover of 240K usd
May 2019 to May 2020 the business generated a turnover of 190K usd (slight recession)
May 2020 to May 2021 the business generated a turnover of 190k usd (covid)
May 2021 to May 2022 the business generated a turnover of 155k usd (covid and recovery)
May 2022 to May 2023 the business generated a turnover of 278K usd
May 2023 to May 2024 the business generated a turnover of 466k usd (NETT profit after expenses, but excluding owners takings = USD 118k)

POTENTIAL EARINGS OVER THE NEXT 10 YEARS EQUATE TO THE FOLLOWING : (EXCLUDING OWNER TAKINGS)
SLA CLIENTS existing and prospective new customer x 2 (NETT 62k+ per Annum)
SERVICE & REPAIR existing and new clients (NETT 12-15k per Annum)
SALES OF NEW BOATS averaged at low sales volume (NETT 20-35k per Annum) - Holding stock and other brands would double this figure easily!
PURCHASE AND SALES OF USED BOATS depending on the stock holding and resto works needed, could easily (NETT and average of 25-30K usd per Annum)

THERE IS MASSIVE POTENTIAL TO EXPONNETIALLY GROW THIS THIS BUSINESS IF YOU HAVE THE CASHFLOW? YOU COULD EASILY DOUBLE THE INCOME BY HOLDING STOCK AND OPENING REMOTE OFFICE IN SEYCHELLES.

BUSINESS VALUATION ESTIMATE - BY OTHER is over 700K USD
Calculated discount rate 6.50%
Present value of today's earnings/excess compensation $995,294
Less adjustment for small size/lack of marketability $199,059
Estimated business value $796,235


ASKING PRICE 400 000 USD neg. Stock on hand will be additional.
(50% partnership deal can also be discussed as an option)
4-6 Months on hand training and introduction included.