PADI 5 Star Centre Koh Samui, Thailand

Thailand > Suratthani > Koh Samui

Asking Price: Available on request

Cash Flow: Available on request

Sales Revenue: Available on request

Description:

**OPEN TO OFFER AND COULDN't BE A BETTER TIME TO BUY"

The Dive Academy is a long established dive centre, operating as a PADI 5* Dive Centre since 2005 and becoming an IDC centre in 2014. We have arguably the best facilities on Koh Samui, including the only purpose built 3.5m deep training pool. 2 speedboats, one 2 engine and one three engine and well maintained. 40 Scubapro or Mares BCD's, 30 Scubapro or Mares regulators and 40+ aluminium cylinders (8l, 12l, 15l & Nitrox) with Visual and Hydro's all up to date.

We have a very good reputation for our standards of safety, training and customer service and have good reviews on many social media forums including TripAdvisor. Excellent organic Google rankings means lots of online business and the location of the dive centre close to one of the island's main tourist spots also gives plenty of walk-in trade. We also have contracts with a number of resorts on the island who also provide customers.

Since March 2020, we have kept the business semi-operational, despite the challenges of the pandemic and reliance solely on internal/local travel. All licenses and insurances have been kept up to date, with TAT having just been renewed for example. Boat & equipment maintenance has also continued including engine & gear servicing. The business has no debts or encumbrances.

Now that Thailand has opened its doors and mandatory quarantine is no longer required, we are seeing a turn in the enquiries and bookings, which will only continue to increase. We are currently operating at 40% of revenue pre-Covid. With all legal paperwork, boat licenses, work permits, company papers etc included as well as a solid reputation for conducting our business in the right way, the business can be picked up and taken forward very easily. The additional bonus is that the competitor landscape has changed somewhat in the last 2 years in the area; providing even more opportunity for expansion and growth and to continue the success the business has experienced to date. 

In December 2019, after 17 years we decided to return to the UK for new adventures. The business was valued at 10,000,000 baht or £250,0000 and we had a lot of interest and secured a buyer in February 2020. Covid sadly then changed the situation and the sale didn't proceed. Now, it is just not logistically possible for us to continue owning the business from afar and we are keen to let someone else take up the mantle. 

We have therefore decided to re-advertise The Dive Academy for immediate sale. If you truly are a serious buyer looking for an amazing opportunity on a wonderful Thai island, please enquire directly. We are open to serious offers....we believe the business will be back to or close to pre-Covid revenue by the end of 2022

Reason for Selling:
Have returned to UK after 17 years in Thailand

Expansion Opportunities:
Possibilities to further expand the non-English speaking business, especially German, French and Chinese. Freediving opportunities. With good marketing there are always new contracts possible with the many resorts on the island as well as cross-marketing opportunities

Offered Support for the new owner:
We will support new owners through a 3 month handover.

Websites:
www.thediveacademysamui.com

Contact the Seller:

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