Hilton Smythe welcome to the market Commodore Yachting, established by our client in 1999 and now offered for sale due their wish to now retire.
The highly regarded business opportunity offers both sailing training courses and bare boat hire.
Currently the turnover is split 70% to booked training courses and 25% from Charters, 5% from other services.
Training courses cover all levels from the beginner to experienced skipper, with the right RYA sailing courses and Solent Yacht Charter to fit the bill. All training courses are run from their specially designed classroom located on the lower deck of the office barge.
Courses are booked a minimum of 4 weeks in advance with average class sizes of 10, in a normal month our client can have 5 boats out with a further 2 boats out as charter hires with as many as 50 places booked.
The core season for bookings is run from April to October however this is the choice of our client who spends winter abroad and could easily be extended.
The business includes an excellent website, a Certificate of Excellence from TripAdvisor and team of highly experienced instructors and experienced RYA instructors.
Opportunity to increase the current turnover would be to add team building and corporate event bookings, private school group bookings, Duke of Edinburgh group bookings and increase the number of longer courses which cost in the region of £10,000 per course.
Currently our client attends the Southampton Boat Show, however increasing the boating events, establishing relationships with smaller boating clubs and dingy clubs would boost the awareness of the business.
Hilton Smythe advise early viewing to avoid disappointment.
Full handover offered.Location
Commodore Yachting is run from its own barge moored at Gosport Marina.
Gosport Marina is just 500m from the mouth of Portsmouth Harbour and offers immediate access to the Solent and the delights of south coast.
The Marina main entrance is located just off Mumby Road in Gosport, Hampshire.
Gosport is a popular town in South Hampshire, accessed from the A32 link road to the M27 cross country motorway.
There is secure customer parking on site.Premises
The business goodwill includes a moored barge of approximately 65ft x 12ft in size, the lower deck is utilised as business space which includes; lower deck, two storerooms, reception area, staff kitchen, and a classroom for up to 6 students.
The main deck is used as owner’s accommodation and includes a private decked external space, open plan living room and kitchen, small bathroom with shower facilities, 1 double bedroom.
There are 8 boats moored here at Gosport and 1 located in Greece, all boats will be included in the sale on an agreed lease term basis.Tenure
This is a Leasehold sale.
8 boats and barge moored at the Marina at a cost of £42,000 per year.
The barge is included in the sale and recently valued at £120,000. No business rates are payable.Hours
Core months of trading are from April to October, 7 days a week.Staff
The business is run by our client and his wife, a part time chief instructor (self-employed), 15 part time instructors, full time base manager/mechanic and 3 x part time cleaners.Financial Profile
Commodore Yachting generated an advised turnover in 2017 of £444,590, with a gross profit of £238,706. Assets included valued at £120,000.