SEAGULL INFLATABLES LTD., FALMOUTH, ANTIGUA

Additional Details

• ASKING PRICE: US$695,000 (Business). US$495,000 (Premises – freehold, only available with business)
• BUSINESS OVERVIEW: Established and highly successful marine services business operating in the Caribbean’s leading yachting hub. Antigua remains the centre of Caribbean yachting due to its strategic location, major airline connections, regattas, superyacht facilities, and strong charter market, with a significant proportion of the island’s economy tied to the marine industry.
• COMPANY HISTORY: Founded in the 1990s and acquired by the current owners in 2005, the business was substantially expanded to meet increasing demand, leading to relocation to larger, purpose-built premises in 2016.
• OPERATIONS & SERVICES: Sales, servicing, and certification of leisure and commercial life rafts, fire extinguishers, marine safety equipment, dinghies, tenders, outboards, fenders, and boat and pontoon covers. Commercial life raft servicing forms a significant portion of turnover. The company is also an authorised Honda agent and sells second-hand boats.
• PREMISES & LAND: Purpose-built facility on a 0.56-acre freehold site, comprising approximately 1,730 sq ft of workshops, offices, and sales space. Original plans allow for an additional 1,000 sq ft of covered expansion. Extensive external areas provide parking, boat storage, and trailer maintenance space.
• OWNERSHIP & SALE STRUCTURE: Business offered for sale at US$695,000 inclusive of inventory as detailed in the promotional brochure. Option to purchase the business with a 10-year lease on the premises, or acquire the freehold at US$495,000 in addition to the business. The freehold is not available separately.
• HANDOVER & STAFFING: Vendors will provide a reasonable handover period. The existing management team can remain in place if required.
• FINANCIAL INFORMATION: Full financial accounts available to serious purchasers upon execution of a Non-Disclosure Agreement.
• SEAGULL INFLATABLES LTD.: https://seagullinflatables.com/
• SEAGULL INFLATABLES FACEBOOK: https://www.facebook.com/seagullinflatables/