Pittwater's Premiere Kayak & SUP Hire Sales Tour Center - Great Lifestyle Choice

9 days ago

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Summary

Situated in Sydney’s Northern Beaches on a Pittwater marina location. A well known kayak & SUP hire and sales centre. Hourly hire, watercraft, gear and apparel sales and half day / full day tours.

Location Details

1714 Pittwater Road
Located at Bayview Marina, on Pittwater adjacent to the Ku-ring-gai Chase National Park, only an hour's drive north of Sydney. Paddlecraft is the sole paddling center located on Pittwater. Marina amenities include parking, change facilities and cafe.

Potential

Nature based tourism is regarded as a growth market and with the emerging affluence of the Northern Beaches location and increased recognition of this area as a tourist destination for the beach and water lifestyle, Paddlecraft is well positioned to capture more of this growing market. The hire and tourism operations has provided a steady, increasing income & represents an excellent opportunity as a results of the considerable time, effort and money invested in building a unique brand and reputation in the water craft and tourism industry.

Skills

This business requires a passion for outdoor activities, an outgoing personality, physical fitness and ability to communicate with all types of customers. Footwear is optional! Awareness of Maritime regulations, confidence in watercraft activities, and knowledge of the unique bushlands and water enviorments of Sydney would be highly recommended. Ability to work independently and manage all aspects of the operational processes of retail, rentals & tours with staff support, as well as, the typical small business marketing & administration tasks.

Hours

Varies with the season. Open all weekends 9:00- 5:00. Open weekdays 9:30 - 3:30 up to 3 -4 days depending on weather.

Lease

3 Year Term to lease ending 31 July 2021 with a three year option to renew. Premises, kayak storage areas & a boat berth

Employees

Overall management of the sales, hire & tour operation requires (1) full time employee for majority of the hours of operation with the exception of the peak (6) week summer holiday season requiring (2 - 3) staff. Weekends requires 2 staff in season.

Reason for Sale

As a family business, Paddlecraft was a husband & wife partnership, with Helen working in the business as the main manager for the 15 years of trading & provided a successful work / life balance to raise a family in the Northern Beaches. With both children completing university and high school studies, the sale of the business was targeted for 2020 2021 financial year. However, the unexpected marital separation of the two partners in 2018 has required the sale of the business to be moved forward

About the Business

Established in 2004, the business operates 7 days a week during the peak warm weather season with (1) full time staff and (2-3) part time staff and is open part time during winter. The business holds a transferable NSW Roads & Maritime Hire & Drive License, a National Parks Wildlife Services 10 year Operator Eco Pass, Crown Land lease with options to renew and comprehensive public liability insurance.

Globally, nature based tourism is regarded as a growth market, with Australia positioned as a premiere destination to experience world-class nature. Paddlecraft is well positioned to capture more of this growing market for both the domestic and international “experience seeker”. Located at a marina location on the southern edge of Pittwater, and a twenty minutes paddle to the western foreshore of Ku-ring-gai Chase National Park, Paddlecraft hire and tourism operations has provided a steady and increasing income revenue against continuing uncertainties in sales. Paddlecraft represents an excellent opportunity as a results of the considerable time, effort and money invested in the development end of the establishment phase building a unique brand and reputation in the water craft and tourism industry. The business is now positioned to move into the next stage of its growth phase into promoting and marketing its established brand name and increasing its customer base.

Offering watersports sales, hire and tours, this premiere watercraft business has both a "bricks and mortar" waterfront location and an established online e commerce website that attracts both local customers and international & domestic tourists wanting to enjoy the alluring Sydney Northern Beaches sun and water lifestyle.

Business price reflect value of current Stock and depreciated Assets including an extensive range of hire kayaks, stand up boards and paddling equipment, kayaks storage stands and trailers, paddle craft / apparel / paddling gear stock, emergency vessel and berth, shop fittings / equipment and a ecommerce online website(s). A complete asset register will be supplied.

Paddlecraft’s financial accounts have been overseen by a certified accountant and financial reports can be supplied.

History

Established for over 15 years, Paddlecraft is an acknowledged leader in the water sports hire and retail industry, and has recently diversified into the eco tourism market. Paddlecraft also undertook significant investment into online websites and diversification into hire and tourism products and shifted our revenue stream from in store sales to include more hire & tours products. Future growth could also be achieve by bookings outside the main summer period & weekends, through further development of the tourism markets and group markets.

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