A highly desirable and profitable hire fleet business
Price:
Leasehold - £795,000
Business Type:
MARINE BUSINESSES, Service Businesses
A highly desirable and profitable inland waterway holiday hire fleet business operating 11 high specification traditional narrowboats in a Central England location.
Description
Renowned and respected throughout the industry, this business is one of the most desirable hire fleet operations in the Country. This reputation has been achieved by a close attention to customer service and high quality product. Uniquely, the hire fleet comprises individually branded boats, but all to the same high specification of fitout, engineering and experience. There are nine owned boats, plus two sponsored boats, ranging from 45 to 67 feet, two to six berth traditional narrowboats.
To support the hire fleet operation, the leasehold site has 193m of Canal frontage, of which 105m is double banked and there are also some 68m of double bank moorings, providing a total of some 434m (1,420ft). There are a range of on site buildings including a two storey brick built wharf engineering workshop with ground and first floor stores (there is potential to convert the first floor into a manager’s flat subject to planning). In addition there is a timber workshop with rest room and amenity veranda with hot tub, offices, laundry and stores. Other ancillary facilities include pump out, diesel pumps and tank, LPG cage and refuse point. At the head of the Arm is a single berth 23m wet dock. There is secure on site car parking, craneage point and landscaped amenity areas.
Business
This long established business has been run by the present owners for some eight years during which time the business has prospered and gained a highly respected reputation. The principle business is the operation of a hire fleet of high specification traditional narrowboats, currently achieving in excess of 25 weeks per boat per annum. Complementary packages are marketed with the holidays to maximise income. Other functions carried out at the property include boat building, boat repairs, mechanical and electrical services. Accounts are available for perusal upon completion of a confidentiality agreement.
The site is held by way of a lease from British Waterways for a term of 14 years which extends to 24th March 2014 at a current rent of £7,600 pax.
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