Established dive business and charter boat for sale

Turnkey dive, snorkel, and kayak business with charter boat and retail

A well-established turnkey dive business and charter boat for sale located on the west coast of Canada for the past 25 years is seeking a new owner. Initially a dive boat charter
business only, the Expedition Centre/Dive Shop was added 9 years ago to support and expand
the charter business, and is now the only dive shop on the entire north shore of Greater
Vancouver, where all local diving happens. This is a unique and rare opportunity to acquire a successful business with a loyal returning customer base, a strong community, and a reputation for excellence. The owners have built the legacy over 25 years with their passion for sharing the beauty of the West Coast through ocean excursions above and below the water. The boat and dive shop/expedition centre are located a short 20-minute drive from downtown Vancouver.

The cornerstone of the business is a well-equipped 30-person charter boat fully customized to
host several types of boat charters, such as scuba diving, snorkeling with seals, and kayaking
and paddle board adventures. Additional revenue is often made through providing water taxi services, commercial and scientific surveys, rescue training, filming for TV and online media content, and private events such as birthdays, bachelor/bachelorette parties, anniversaries, celebrations of life, corporate team building, and school trips.

Along with the boat charters, the dive shop is a full-service dive shop and expedition centre,
conveniently located a short 2-minute walk from the boat. The dive shop offers year-round
diving instruction for all levels of diving, scuba gear rentals, scuba retail sales, dive
equipment serving, plus air fills, nitrox fills, and oxygen fills with the onsite compressor and booster.

This is an ideal opportunity for an entrepreneur passionate about the ocean and diving industry. The business and brand have been developed over 25 years and boasts a strong track record with +500 5-star Google and TripAdvisor. Additionally, the business has experienced an average revenue growth rate of 15-20% year over year for the past 5 years.

The new owner will inherit:
- Devoted clientele and fun-loving community
- A team of experienced and wonderful staff
- Fully customized Transport Canada inspected charter boat with 2 brand new Cummins
diesel engines still under warranty, plus all boat equipment and gear including onboard compressor, kayaks, paddleboards, etc. (Boat + equipment valued at $445k CDN)
- Coveted boat moorage (ordinarily a +6-year wait list for commercial moorage)
- The entire dive shop operation (commercial lease is transferable)
- All shop rental gear (Valued at $66k cost CDN)
- All retail inventory (Valued at $170k cost CDN)
- The dive school
- All dive shop fixed assets (Valued at $87K CDN with a replacement value of $180K CDN)
- All brand assets and goodwill (Valued at $217K CDN)
- Website
- Email lists
- TripAdvisor Account
- Viator Account
- Get Your Guide Account
- Google accounts
- Social media accounts
Valuation: Based on hard assets and revenue multiple of trailing 12 months of profit (EBIT):
Boat & Equipment: $325K USD (subject to final survey)
Shop Rental Gear: $48K USD
Shop Retail Inventory: $125K USD
Shop Fixed Assets: $64K USD
Turnkey Business & Goodwill: $158K USD - (TTM Profit: $99,362 CDN x 2.18 multiplier)

Asking price $725K USD (Currently approx. $985K CDN)

The owners are selling the business due to retirement. However, they are fully committed to a
smooth transition and will provide extensive training for the new owner. Post-transition, the
current owners would be happy to be contracted to assist with the business should the new
owner choose to do so.

The option exists to purchase only the dive shop as an independent asset sale which would
include all dive shop assets, inventory, fixtures, customer base, and coveted location (lease transfer).
Please contact us for full listing information including financials, asset appraisals, and business operations.