 This is a unique opportunity for someone seeking a fun and potentially very lucrative lifestyle business in paradise. This business possesses exclusive permitting for a historically high demand water recreation activity. It is located on the beautiful and sunny West side of the Big Island. The owner lives on another island and has run this business absentee since its inception, which has been its only downfall. The owner operates the same type of business on another island where he lives and has experienced incredible success (i.e. producing as much as $1.5M in revenue a year). This operation has 65% of the revenue earning capacity of the owner's other operation, but has historically only operated at about 12%, leaving enormous room for growth and cash flow under more effective management. This business has the equipment, market, model, and thus opportunity to produce many times over its current volume, and the owner believes that the missing success factor is a competent and motivated operator. Financially, the business has faired decently in lieu of an owner/operator or effective operations manager and even a dire tourism market since 2008. Adjusted to reflect an owner/operator, the business produced $94K and $65K in Seller's Discretionary Earnings in '08 and '09 respectively, but again this is at 12% of what the owner's other operation has produced respective to its capacity. And this took place during a challenging tourism market, which is now showing signs of improvement, with the latest statistics (January) showing a 4.8% increase for Big Island visitors as a whole and 11% for Big Island only visitors, both positive indicators of months to come. If you are looking for a potentially great quality of life business that can grow under some effective management and motivation, then this is the opportunity for you. Why sit in an office 40+ hours a week, when you can get paid to provide a fun and memorable experience for thousands of people every year, all under the warm Kona sun! *Please inquire for more details, including complete financials and Confidential Business Profile. |
