Fantastic Lifestyle Business Opportunity
Annual Turnover €100,000
Gross Profit €70,000
Catering To The Tourist Market
Price Includes Fishing Boat
Operating From Malta 7 Months Of the Year
EPC - Not Required 6482 Chartered Fishing Trips In Malta
Blacks Brokers are delighted to present to the market this dynamic charted fishing business based in Malta.INTRODUCTION
The business first started trading in 2012 and since then has built an enviable reputation for arguably the premier chartered fishing service in Malta. The business operates from one of the 2 Harbors in Valletta, the Capital City in Malta and operates 8 months of the year, March through to October, these being the main tourist months of the year. In the closed months, the boat is dry berthed on a trailer in private storage. The key to the businesses success is its relationship with the main fishing agents in Malta. Primarily, these are fishingbooker.com and Neptunemalta.com and approximately 80 to 90% of the businesses income is from agency bookings. Consequently they ensure a busy schedule of charters throughout the summer months and tourist season meaning that over 8 months the business generates a gross income of approx. €100,000. In return the agents take a 20% commission, with 80% of the income being retained by Malta fishing experience. For new owners, what makes this a dynamic and interesting business for acquisition is not only its established reputation, but also the equipment and boat. As expected all the competency certificates are all in place. The boat is a single deck outboard vessel which is thoroughly modern in design and is perfectly adapted for its use as a chartered fishing vessel.
It is powered by two outboard diesel engines, which have been maintained to an exceptional standard and insures that the new owner will not be incumbent of any high maintenance bills. The bulk of the customers are English speaking, however a knowledge of sea fishing is not a complete necessity as the business employs and regular captain who is extremely knowledgeable of fish stocks and their likely locations. On most occasions, the current owner and our vendor, accompany the fishing guests and interpersonal skills play an important part in the success of the business, so our vendor is of the opinion that the ability to relate with customers, ensuring that they have an enjoyable charter is of greater importance than sea skills, as they can be supplemented by the staff and indeed over time, will be learnt. For anyone interested in sea fishing and looking to enjoy a Mediterranean lifestyle for eight months of the year in a location that is an almost idyllic as well as in an industry that is still growing in Malta, then this is an exceptional proposition.LOCATION
Valletta, MaltaREASON FOR SALE
Our vendor has recently become engaged to an English national and plans their future in England and therefore has taken the step of selling the business so that they can move to the UK full-time.BOAT
Make and model is Petecraft 270 with toilet facilities and freshwater tank, it was built in 2013 and has x2 mariner 150 EFI HP.STAFF
One part-time captainFINANCIAL DETAILS
Financial details will be available on request
Approx figures are summarised below; (Currency is Euros not sterling)
Y/E March 2018
Income less Commission €80,000
Adj Net Profit €67,000SUMMARY
There is tremendous scope to increase the turnover of this business should a new owner be able to utilise their own marketing resources. Should somebody be able to exploit the tourist market at source, this would make this proposition all the more fruitful. Therefore not only is this an enviable lifestyle business it is also a highly profitable proposition that offers higher profits for the future to the right owner. Fixtures:
GPS/ fish finder Lowrance HDS 7
Life rings and raft
Advertising material (A boards; leaflets and hotel contracts).
As and when required over 7 months of the year.