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Business For Sale. Phuket, Thailand - Superb Business Opportunity!!

LISTING DETAILS
Firms For Sale ID:
32062
Vendor reference:
12924
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$2,552,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Here is a great opportunity to own a profitable, well established marine business in Phuket, Thailand and at the same time, enjoy the benefits of a high western income and low eastern expenses.

The business is a fully documented, legal Thai company wholly owned by the Seller for over 22 years.

This business opportunity represents a superb ‚??walk-in, walk-out‚?Ě lucrative, going concern with all the necessary infrastructure long in place to conduct business.

This includes leased premises with renewal options, skills and expertise (staff), equipment, inventory (stock), supply sources, business networks (relationships) and importantly, an outstanding reputation for professional, reliable service within the marine community.

The business is the exclusive distributor for Thailand and other SE Asian countries for numerous world renowned marine products, both recreational and commercial.

Exclusive agencies include Northern Lights generators, Mastervolt electrics, Simrad, Lowrance, B&G marine electronics & instruments, ATLAS and ASEA shore power systems, KVH satellite phone and TV systems, Maxwell Marine windlass and hatches, C-Map and Navionics electronic charts.

Non-contracted (no competition) agencies include Vetus, Blue Seas electrics, Blue Sky solar products and others. Both retail sales and supply to boat builders is undertaken.

The business comprises large premises in the Phuket Boat Lagoon and a smaller transportable shop in Ao Po Grand Marina.

Both marinas are at near 100% capacity most of the time thus, demand often exceeds supply for marine work in Phuket. Super yachts in excess of 30 meters are common and the demand for parts and service from these high budget vessels comprises a large percentage of sales and continues to be a growth market.

Over and above, the Seller will share a number of considered growth and expansion opportunities with serious Buyers that are credible, need little up-front investment (other than in stock) and promise to add significantly to the profitability of the business.

He has also indicated a willingness to undertake buyers training or employment/contract to facilitate a smooth hand over and transition to new ownership.

The sale price of 9 million Baht (US$290k ‚?? ZAR 2,552 million) plus stock at cost value represents an excellent return considering the fact that the Seller drew in excess of 4 million Baht (US$ 129k ‚?? ZAR R1, 135 million) in the 2011 year alone.

This represents an R.O.I. (return on investment) of 44% and/or a payback of just 27 months.

Figures quoted are subject to ruling exchange rates as the case might be and at the time of listing this opportunity, the exchange rate was US$1 = THB (Thai Baht) 31.0 and/or ZAR (South African Rand) 8.73.

Kindly contact Ian Craig on: +27 (0) 82 452 8186 for clarity or any further information on this magnificent and unique business opportunity.