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Lucrative Marina Business In Osoyoos For Sale

Osoyoos, British Columbia, Canada
Asking Price:
$1,500,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$919,000 (CAD)
Cash Flow:
$284,600 (CAD)

Own a consistently profitable, well-established business in its 21st year.

Services include boat rentals and charters, moorage, efoils, and paddlecraft. Capital equipment includes 18 new or near new vessels plus an additional three leased vessels.

The business is the top-rated attraction in the market with high barriers to entry for competitors.

Our three locations are co-located with the three largest resorts in this dense tourism market.

Excellent relationships with industry partners and the existing owner is willing to mentor new ownership (team) for two years if required. Partnership would be considered. An autonomous management team is in place with leasehold agreements through 2030.

Massive repeat customer base. All branding and intellectual property are included. Work half the year in beautiful Osoyoos running a super fun and profitable business with 30+ percent profit margins!

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Three prime locations co-located with three largest resorts in this dense Osoyoos tourism market.

Premises Details:

There are three leased locations in Osoyoos. The first is at Spirit Ridge Beachfront which serves the largest resort in the South Okanagan. This location also serves the largest campground in town. Our second location is at Walnut Beach Resort and serves not just that property but also all the recreational properties and resorts on Lakeshore Drive on the east side of Osoyoos Lake. Our third location is Desert Sunrise Marina, which is the town marina and main boat launch for town. This location serves Watermark Resort, with whom we partner, as well as anyone wanting to rent or charter a boat from the west side of the lake.

Business Operation

Expansion Potential:

The existing business is seasonal (six-month operation including opening in the spring and winterizing in the fall).

This would permit new owner(s) to enjoy the off-season in a warmer climate, or remain in town and add services such as shrink wrapping, detailing, service, and storage. This would be a natural fit for the business. There is also an opportunity around partnering on an expanded marina with 100+ new slips.

Competition / Market:

Our three locations allow us to service our partner resorts as conveniently as possible but also serve to secure much of the commercial marina space in town. This represents a barrier to entry for new competitors in the market.

The other existing competition is either unlicensed operators offering uninsured charters or poorly managed operators with old, unreliable fleets.

Reasons for selling:

Retiring.

Trading hours:

Victoria Day through Thanksgiving. 9-5 in May and June and after Labour Day. The remainder of the season is 9-7. We are open every day in the operating season unless severe weather forces a closure.

Employees:
20
Years established:
21

Other Information

Support & training:

There is a highly effective and autonomous management team in place. They, along with the owner, will provide all the training and mentoring required to see the new owner or partner maintain and grow this already thriving business.

Furniture / Fixtures value:
$40,150 (CAD) - included in the asking price
Inventory / Stock value:
$702,610 (CAD) - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.