For Sale
Owned and operated by the current family for more than four decades, this tourism business has been in operation for over a century. It is NOW being offered to the market as the current owner is looking to retire. This business requires some basic skills, but more so the love of the industry itself. The current owner manages the higher-level operations including public relations but has staff to manage the daily functions. Being in tourism, this business does have a high season, but does operate year-round except for one month for the opportunity for the key staff to take holidays. The shoulder seasons have shorter hours and fewer weekday operations.
The owner has chosen to manage the business in this manner to provide more freedom and suggests maintaining having a site manager to manage the ground operations. This business would suit a family or couple that have strong business skillsets. This has been a lifestyle business which has provided a good income, a beautiful home and property that houses the assets of the business when not in the service field. The business assets would be required to move to a new location after the first year of transition.
Growth opportunities include the strong tourism market and limited competition. There are few competitors in this marketplace and the barriers to entry are high. Much of the clientele come to this city as a port of call. This business is one of the top tourist locations in north America, and often achieving top 10 places to visit globally.
The business grossed $1,160,000 in 2023, and anticipates 8% growth in 2024, with 10%+ growth over the following 4 years going forward. The business has an average net EBITDA in excess of $100,000 and an SDE (Sellers Discretionary Earnings) of approximately 15% of gross revenue. As the business has been housed at the owner’s personal property, the company pays rent to the owner which has been an extra income benefit to subsidize the acquisition costs of the property.
If you are looking at pursuing a well-established business in a unique industry, and have passion for this sector, the rare opportunity to acquire this business is NOW being offered for the first time in over four decades.
