Bay of Islands Parasail - Exciting and Profitable

$1,595,000

After 22 wonderful years running this exciting and very popular business, International family commitments are forcing the sale of this fantastic operation.   It has excellent cashflow, very high on the excitement scale and there is room to grow it further.

Based in popular Paihia, Bay of Islands, the business, with an EBIPTDA of $441,000 for FY19, and a Trip Advisor rating of 5 out of 5 takes advantage of the long warm spring, summer and autumn seasons – and with reduced off-seasonal activity, allows the owners some respite in winter to pursue their own R & R for a couple of months.   With Kiwis now seeing more of their own country, Covid is having little effect on this business with it having the busiest July 2020 in its 22-year history!

Very loyal staff are more than capable of managing and running the business from dawn to dusk - an owner’s daily involvement during peak season is not critical but would definitely be a bonus.

Bay of Islands Parasail, also known as Flying Kiwi Parasail, is easily scalable at its current location and extending the business into further activities could be a realistic opportunity.   They are currently running 2 boats on parasailing, but a third boat could be made available in addition to the price of the business creating even more options for the business.

If you love working with people and working in the tourism industry, you would be the ideal purchaser and will appreciate the bottom line this business does more than deliver.  

Asking price:
Tangibles: $625,000
Stock: $50,000
Intangibles: $920,000
Total: $1,595,000 plus GST if any (negotiable)

If you like what you are reading, and are keen to move forward quickly and take advantage of the high season income, for further information you will need to visit www.barkerbusiness.co.nz/BBS2588, register your details and submit the online Confidentiality Agreement. Once Mike receives your expression of interest he will be in touch.

Source of information-supplied by the Business Owner

Licensed REA2008. Copyright Barker Business Brokerage 2020.

Details

Region Northland
Price $1,595,000
Business ID BBS2588
Category Leisure/Entertainment

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