STANLEY'S ESTATE AGENTS LTD.

Price: US$1.195 Million

Exclusive Listing. First Time on Market. This profitable business has operated for over 20 years and was established in the mid 1990’s. Seagull Inflatables specializes in the sales, servicing and certification of life rafts, fire extinguishers, safety equipment, dinghies, tenders, outboards, fenders, and covers for boats and pontoons. The firm is an authorized agent for Evinrude and Honda and sells used boats. Owner operated and debt free, it is well managed by two partners, supported by a well-trained, dedicated workforce who are available to remain in place to ensure the ongoing success of the operation.

Ideally located in a high traffic area of Falmouth Harbour, Antigua, Seagull Inflatables enjoys excellent brand recognition and goodwill. The client base includes most of the large motor vessels and mega yachts arriving in Falmouth and English Harbour, as well as the cruisers and local owners and boat users. Numerous sea going cargo vessels, including ferries and oil tankers are also serviced by this well respected and trusted company who specializes in all aspects of marine safety equipment. There is no other life raft and safety equipment service centre in Antigua. They are the only accredited station between St. Maarten and Guadeloupe.

In addition to the owners, the firm employs four full time personnel: an office administrator, a fully qualified life raft and safety equipment technician, a fabric repair specialist and qualified driver, and a service technician assistant. The full-time staff is augmented with numerous seasonally employed sub-contractors who carry out various specialized tasks – fiber glass repairs, outboard servicing and repairs, fabric work, bottom painting, cleaning & detailing of tenders.

Seagull Inflatables is situated on a .56-acre freehold site. There is 1730 square feet of covered work and storage space with expansion opportunities of an additional 1000 sq. ft. of covered space. The building and equipment are all state of the art. There is spacious parking for clients and staff and for the storing of boats and trailers.

The business offering price includes substantial stock inventory, tools, two pickup trucks, boat trailers, storage racks and stands, specialized equipment, furniture and computers, goodwill, and more.

Seagull Inflatables is attractively priced at USD$1.195 million. The owners will provide the purchaser an attractive ten-year lease on the commercial buildings and property. The .56 acres of real estate and the freehold building may also be purchased and made “available” if desired.

Financial details and a detailed business overview are available to serious qualified purchasers and made available on the execution of a Nondisclosure Agreement.

See more on this property here, or please contact Bradley Esty or Alistair Forrest for further details.