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Marine Engine business for sale in Gibraltar

Gibraltar

  • Leasehold Price: £600,000
Seller Reference: PAX01325277112
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Business Description
 
 
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Seller Reference: PAX01325277112
Request Details
Business Description
A Rare opportunity to purchase a Long established Marine Engineering Business, with an Exceptional reputation for over 40 years. Selling now due to retirement.
Vast opportunities for expansion of the business are available.
Strong all year round trade, Existing Client base with plenty of repeat custom.
The Shop / office is situated at the entrance to the main marina in Gibraltar, and minutes from the border into Spain, ideal for foot traffic from Marina for visiting yachts and other vessels.
We have a large customer base with visiting yachts, motor vessels and super yachts, as well as locally based commercial clients (working vessels) requiring service and spares as well as industrial & plant equipment spares etc, we also have enquiries from bunkering ships requiring spares (for smaller engines onboard) as well as customers coming to us over the land border from Portugal, Morocco, Costa del Sol, Costa de la Luz, and many other parts of Andalucia, for parts, advice and to book work.
The work we do is a mixture of Marine Engine sales and re-engining boats, routine service and maintenance, problem solving engines and re-building as well as spares and general repairs.We also service and supply landbased Generators as well as repair some Industrial engines and supply spares for many.

There are a number of marinas in Gibraltar both for local and Visiting boats with a new large marina for local vessels just completed, as well as 2 large marinas just over the border in Spain.

Gibraltar gives Tax free access for yachts and other vessels to the strait of Gibraltar with access to Southern Europe, Northern Africa as it is the entrance to the Mediterranean. It also sits between the Andalusian cities of Malaga and Cadiz, with places like Marbella less than an hour away, making an ideal area for expats, we have gained a great reputation with these, many of whom use our business.
We are Gibraltar's sole Distributor for a British International Marine and Industrial Engine company & Gibraltar's sole Main Dealer for the popular Japanese Marine Engine company, and preferred dealer for many other Engine and Generator manufacturers, for engine and generator sales, parts & warranty work as well as referral work from them.

This is a Great investment opportunity with loads of room for expansion, as sole dealerships for the territory.
Training for main dealerships by OEM is available as well as in-house training if required.
Would suit someone with Marine knowledge and marine engine experience, looking to relocate to the sun, Ideal for a family run business. Due to location, it is ideal is living in Gibraltar or Spain.

Price negotiable / Purchase options could be considered.
Tenure:
Leasehold
Support and Training:
We would offer inhouse training on all dealer systems and a cross over period of owners if required. OEM Dealer training is also available. Existing Staff with knowledge of business systems etc
Location Details:
Excellent Position by Marina
Is this business relocatable:
Yes
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