Ad ID: 90628

Transportation for those arriving by Sea or Air Business for Sale Marlborough

Arguably, the No 1 Shuttle Service Business Option


Business for Sale Description

Transportation for those arriving by Sea or Air Business for Sale Marlborough

Whilst this is the current owners’ story it could easily become part of your future success story.

This business was acquired 6 or 7 years ago. The first 5 years saw a business emerge, underpinned by annual sales growth and net profitability, but with a degree of financial consistency and predictability in yearly operation of the business. The owners tended to employ part time staff members to operate the shuttle services of this business without a great degree of day-to-day hands-on involvement by the owners.

However incoming ferry terminal passengers fuelled extraordinary increases in normal interisland ferry travellers and ever-expanding cruise ships docking in Picton adding never before demand to those passengers requiring passenger shuttle services to and from the Picton ferry terminal. Sales income rocketed during the year ended 31st March 2020 before the arrival of COVID 19. Of more recent times passengers nationally are returning to passenger transportation at the ferry terminal. Whilst having an exclusive pickup service from the ferry terminal which provides a real competitive advantage, perhaps the biggest advantage to emerge in March 2021 was the closure of the main competitor’s business and the likely pending upturn in demand as a result. From a new owner’s perspective, it appears to get better and better short term with huge expansion expected mid-term.

Disclaimer: - Please note for confidentiality purposes, this business has been listed under the RE/MAX PARTNERS office address. Further details on this business’ location will be provided on application. The content of this advertisement must be read in the context of, and in conjunction with, the Information Memorandum in order to avoid any possible misinterpretation or misunderstanding caused by confidentiality considerations, advert space limitations and / or other limiting factors or generalizations including use of generic images.

E-mail: - or call 021-546-569 (but do it now!)

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Contact: Jeff Bracegirdle

Jeff Bracegirdle

021 546 569
RE/MAX Partners
Licensed REAA 2008

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