PADI 5-Star IDC Scuba Center In Miami For Sale

United States > Florida > Miami

Asking Price: 200,000 USD

Cash Flow: 75,000 USD

Sales Revenue: 500,000 USD

Description:

40% ownership of PADI 5-Star IDC scuba dive center for immediate sale. Owner is moving out of state, and is looking for an enthusiastic entrepreneur to take over as business partner. The scuba dive shop is located in Miami, Florida and is the only PADI 5-Star IDC in Dade County. The shop was opened in 2006 and offers beginning certifications to full development instructor training. Dive boats charter out of two locations between South Beach and Key Biscayne. Fully stocked showroom with several brands of gear for sale. This is well established business, and owner is looking for the right individual to help continue its growth.

Real Estate:
    Lease

Lease terms:
    currently on year 2 of a 5 year lease, to be renewed accordingly

Leasehold rent:
    $62,000 per annum 

Living accommodation:
    Leased space includes a two bedroom apartment upstairs for possible usage.

Location:
    Prime location in the heart of Coconut Grove, minutes from Miami Beach.

Premises details:
    Store front visible from US1, a major thoroughfare in Miami, and SW 27th Ave,    which leads directly to the ocean. Air compressor onsite with an 8 stage bottle bank system.   Also, an 8 oxygen stage bottle system to fill partial pressure nitrox.

Competition / Market:
    None regarding any other PADI 5-Star Instructor Development Centers. Diver's Direct recently opened relatively close, but has not been a competitive issue.

Trading hours:
    Monday thru Friday 10:00 am to 7:00 pm
    Saturday 9:00 am to 6:00 pm
    Sunday 11:00 am to 5:00 pm
    * working hours are subject to change depending on boat schedules, i.e. if a charter leaves at 8:00 am

Employees:
    4 full time employees, 2 part time employees and at any given time 1 to 3 interns

Years established:
    8

Furniture / Fixtures value:
    $75,000 (included in the asking price)

Inventory / Stock value:
    $130,000 (included in the asking price)

Reason for Selling:
Moving out of state

Expansion Opportunities:
Since the doors opened in 2006, the dive shop has continued to grow financially each year. Besides obvious fiscal opportunities, additional expansion potential includes part ownership of a sister company specializing in free-diving and spearfishing.

Offered Support for the new owner:
The prospective buyer has the assurance that all training and guidance will be met to the prospective buyer's standards before current owner moves out of town. All additional requirements and questions will be handled by the other current owner afterwards.

Contact the Seller: