For Sale: $1.6M

Business Overview

This business is just one of a handful of boats under 25m that is licensed to operate within Sydney harbour. The boat is a 3.5 star function centre with a function capacity of 300 people.

The boat features split level, 2 bars, bbq area, easy bathroom access, aa food prep area, and enough refrigerated storage to cater for 2-3 functions without a re-stock.

The owners have used the COVID-19 restrictions wisely, and have done what every other commercial boat owner didn't. They invested!

They invested heavily in a cosmetic and mechanical overhaul of the business.

Over $400,000 was spent on brand new engines, generators, and more.

The independent market value of the boat is $1.6M as at September 2020.

Now the business has roared back to life, with over $400,000 of work booked before January alone. They truly are the "Busiest Boat on the Harbour".

The boat is fully operational and is ready for a new owner to steer the ship. Figuratively speaking ok course.

For further information, please enquire by clicking the blue button, and complete our online 10-second confidentiality agreement.

I hope you are the successful Buyer!

Buying a business is easy with Vision

"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process."

Dan Levitus

(e)  dan@vbaaustralia.com.au

(m) 0450 326 146

(t)   (02) 8923 2632

The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business