Business description

The business was established in January 2005 and was based on acquiring the European distribution rights for a twin hull inflatable rib ports boat. These boats are manufactured in South Africa and consist of a range of four models capable of taking outboard engines up to 90HP. These boats have formed the basis for a new formula in boat racing and the company sells around fifteen of these hulls every year.

The business then boat the intellectual rights for a larger single hull rib. This hull forms the basis of a range of day boats. The hull design is unique and it is noted for extreme strength, safety, stability and excellent handling. There are ten boats in the range varying in size from 2.8m – 8.25m. Prices range from £1099 - £40,000

Upon completion every boat is brought to the South West based company where it is subjected to a rigorous quality control prior to delivery.

Property information

Location:

The premises do not form part of the sale

Other information

Expansion potential:

The business does require investment in a cohesive marketing strategy to maximise its product range.
There is a massive opportunity for growth in the US market and the European market remains virtually untapped.

Competition / Market:

The company has a comprehensive web site and has invested in a range of top quality brochures which it uses for direct mailshot campaigns, they are also used for distribution at the Southampton and London boat shows. The business has invested in excess of one hundred thousand pounds in marketing over the past three years. The company advertises in a number of boating magazines and its products have received very favourable reviews when subjected to extensive in depth boat tests.

Support & training:

Both directors will be willing to provide a full and seamless handover for a period to be agreed as part of the overall sale negotiations

Reasons for selling:

The directors have a number of commercial interests.