Do you love boating?
Does running a Marine store with other long-term sub-lets in place
Then you need to look no further.
Classic Marine Ltd and its adjoining leased cafe are for sale.
We are located right in the heart of beautiful Cowichan Bay, serving the local community and the Island for all their Marine Supply needs. The business has a good long-term lease and also has two long-term subleases in place, one for an art studio and the other is the adjoining cafe. Both Sub-lets bring in good cash flow.
Classic Marine is a fully stocked Marine Supply retail store with a line of Nautical gifts. The Marine Store has been located in the same spot for over 20 years, and is well known to the boating community not only locally but far and wide. We have an extensive inventory on our shelves as well as warehouse stock order service, usually within the next day, from all of our suppliers.
Classic Marine also offers the only rental boats available for tourists visiting in the Cowichan Bay area.
This part of the business also provides good cash flow and was very popular this past summer.
The Marine Store also offers Mooring Buoys for a small fee to the Transient Boating Community.
Currently, we offer 5 mooring buoys in the bay with an additional 5 to come this spring in time for the 2019 season. Mooring in the bay is at a premium and this helps to bring more boating customers to our store and explore our quaint village.
The adjoining cafe at Classic Marine has been sublet as well which provides a good cash flow to our business. A quaint and busy cafe serving customers a unique food service not seen here before.
This business has a growing and steady customer base, summer transient boating traffic as well as tourist traffic. Operational costs are considerably low while profits are growing.
The current owner is wishing to retire and sail off into the sunset. So if you're interested, please call or email for details and to schedule a meeting. Financial information is available to interested and serious parties only, please.
New Asking Price: $198,000.
Business Category: Store/Shop , Restaurant/Cafe/Bar