Inventory Basis:at cost, additional
The Company is operates in a space of retail and rental of water sports equipment, and all the fashions and accessories that go with them. The Company has 3 locations in the most affluent towns in CT and is the largest and unique operator in it’s industry. The Company’s experience is a reflection of their lifestyle – laid back and no worries! They will treat you like family with personalized attention that ensures you’ll enjoy the ultimate experience.
The Company was originally started in 2005 as a seasonal boutique and purchased by its current owner in 2007. The owner added its second location in 2011 which quickly became an anchor location and includes a year-round retail operation. A third operation was opened in 2017. Two locations operate on a seasonal basis from May to October. Third location is open year-round (only retail portion is available outside the main season). Business is highly seasonal, and the Company employs a full- time manager at the main location and seasonal staff at all three locations.
It’s a seasonal business and is easy to expand.
It would be a great purchase for a buyer who wants to combine his/her hobby with a business and earn a decent income over just a few month by doing what she loves.
The Company provides the following services and organizes the following events:
– Rentals – kayaks, paddle boards, life jackets and paddles, demo boards
– Guided tours – a wide variety of guided tours
– Lessons – kayak and stand-up paddle board group and individual lessons
– Stand-up paddle board yoga and fitness classes
– Kayak and paddle board meditation classes
– Paddle with your pup for dog lovers
– Other events such as racing and community paddling, corporate outings, charity events, private parties of various natures, kids camps, etc.
– Retail sales of equipment and accessories
Competition: Overall there is no any other company in the area that can match the Company’s unique service offering, excellent customer service, and safety rules. Very limited competition.
Growth and Expansion: The owner has been living in another state for the past two years, and attending school during the off season, so her focus has not been on the business. She has been intending to sell it, and so she was not concentrated on growing it. However, there is a number of opportunities for a new owner to take the Company to a new level which will be discussed with a qualified buyer.
The Seller is willing to advise and assist the new owner on the particulars of the Company’s operation.