Printer



Sold

Premier Scuba Dive Store, PADI Training Facility + Dive & Boat Charters


Raptor_dive_boat_(2)

Don’t miss this rare opportunity to own a superb “lifestyle business” situated in one of Southern California’s most beautiful harbors. For over 30 years, this has been California’s premier PADI dive instruction company, offering all levels of dive-training (from beginner to instructor-level classes)  complete with a state-of-the-art 5,000 square foot facility, featuring an on-site 10-foot-deep heated dive pool as well as a tech classroom.

This impeccable retail sales facility is very well stocked with all the leading brands of dive equipment and features a robust apparel offering as well, featuring Maui Jim sunglasses, Olukai footwear, Nomadix, etc. (in order to capitalize on the heavy non-diving customer flow in the harbor.)  Other profit centers include a full rental department and a well-respected service department. 

Perhaps the most distinguishing feature of this dive facility is the fact that a mere 50 steps from the dive center’s front door you will find the Raptor dive boat conveniently docked, waiting patiently for its next diving adventure.  The Raptor is a 46-foot custom-built dive boat, built by Newton boat-works specifically for diving in and around the Channel Islands National Park islands of Anacapa and Santa Cruz.

The Channel Islands offer an incredible variety of diving opportunities and are located roughly 1-hour from the Ventura Harbor (thanks to the Raptor’s cruising speed of nearly 18-knots.)  The Raptor is a US Coast Guard inspected, certified commercial dive vessel with a comfortable passenger load of 22 divers.  The boat has been painstakingly maintained and has a great reputation in the dive community (resulting in a dedicated following of divers, not only from California, but from numerous countries around the globe.)

The Raptor offers dive trips to the islands where divers often get to interact with playful seals and sea lions, encounter myriad fish species and frequently spot lobsters, bat rays, and other marine life while cruising through the majestic kelp forests for which the Channel Islands are famous.  It is common to see dolphins and whales when en-route to the islands as well.  A typical year brings over 140 dive trips, including “open boats” where any diver can join us for the day, private charters for dive clubs and dive schools as well as small groups who prefer to have the entire boat to themselves. 

The facility and boat are situated in a pristine, busy harbor surrounded by shops and restaurants with lots of foot traffic and fantastic visibility.  All instructors are PADI certified.  Staff includes: 10 dive instructors, 8 dive masters, 7 boat captains and 6 deck-hands plus 2 store and rental staff.  Both boat engines were recently replaced, and all equipment is maintained with the greatest care.

When you walk in the store you will find a variety of wet suits, fins, regulators, masks, snorkels, clothing, shoes and sunglasses artfully displayed and organized like no other store of its kind (with approximately $140,000 -$150,000 in inventory.)

Don’t miss this opportunity to mix work and play! This business has the most desirable facility, a premier location and fantastic views. Customers travel from every corner of California (as well as from other states and countries) for training and tours, with business increasing each year.

 



Listed By: Teri Craft

Background information

Reference:

scubadive

Year established:

1989

Reason selling:

Moving out of state

Finance

Sales:

$937,814

Profits:

$388,300

Profit type:

Net Income

Operations

Employees:

2 store employees. Plus independent contractors-10 dive instructors, 8 dive masters, 7 boat captains, & 7 deckhands.

Equipment:

Newton 46 dive and charter boat with newer engines.

Inventory:

Between $135,,000 and $150,000.

Premises

Facility:

Prime 5,000 sq.ft. state-of-the-art training facility, with heated, outdoor, 10-foot deep training pool, 2,028 sq. ft. store, 765 sq. ft. upstairs office and classroom. Plus, additional storage. Boat slip across from training pool.

Square footage:

5000

Rent and lease terms:

Total rent $6,746.00 includes: facility, store, office, triple net charges and water bill. Boat slip fee is an additional $1,025 per month.

Location:

Premier Southern California harbor location with an outdoor heated training pool, boat slip and dock. Surrounded by shops and restaurants. High visibility with heavy foot traffic.

Opportunities

Growth:

Sold for $1,070,000

Market:

They have very little competition in California. This is the premier dive and boat charter business in the state if not on the West Coast.

Price and terms

Price:

$1,250,000

Down payment:

$125,000

Financing:

SBA Pre-Approved for financing with 10% cash down for a well qualified buyer. Plus inventory.

Training:

Sellers will provide support and training for up to two weeks, 20 hours a week if needed.