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Buy Cairns Dive Centre

Leisure/Entertainment - Recreation/Sport Businesses for Sale in Cairns, QLD, Australia

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Title: Cairns Dive Centre
ID Number: 5123
State: Queensland (QLD)
City/Town/Suburb:CAIRNS QUEENSLAND 4870
Listing Type: Businesses
Categories: Leisure/Entertainment - Recreation/Sport, Accommodation/Tourism - Tours, Automotive - Marine
Description: BUY OUTRIGHT OR MAJORITY SHAREHOLDING.

Suit International Purchaser with immigration in mind. Rare opportunity to secure an established within the dive tourism industry in Cairns.
Business includes:
• Liveaboard dive and snorkel vessel - 25m Cat good condition, in survey;
• Dive and snorkel day vessel - 60ft West Coaster good condition, in survey;
• Internationally recognised Dive School;
• Growth potential;
• Rare 15 year Eco-Certified Permits;
• Website - www.cairnsdive.com.au
The business includes a retail outlet which sells all diving equipment and trips.

Executive Summary
Cairns Dive Centre (CDC) is one of the largest diver certification agencies in the world. CDC has been operating in Cairns under the same ownership for over 30 years; maintaining outstanding customer service and certifying divers from all around the world. CDC offers 2 snorkel / dive day trip options, 1 live-aboard ( on the Great Barrier Reef with snorkelling and diving ) plus an option to transfer to Fitzroy Island which CDC has the exclusive dive shop with retail and Dive school / Pool. In addition to day and over night trips CDC offer daily learn-to-dive courses through all levels, from Bubble Maker ( 10 years of age ), Scuba Diver, Open Water, Adventure, Advanced, Rescue, Dive Master and Dive Instructor. CDC is a PADI (Professional Association of Diving Instructors) 5 star accredited with the highest PADI Discover Scuba Dive numbers in Cairns and Queensland for 2016. Courses vary from 1 day referrals to 2 week Dive Instructor IDC courses.

CDC holds two unique Marine Permits issued by the Great Barrier Reef Marine Park Authority. These include permit G15/34162.1 (a 15 year permit due for renewal in September 2022, subject to CDC remaining Eco Accredited). The permit allows CDC to conduct tourism operations across 19 moorings, including exclusive rights over Elford Reef (1), Channel Reef (2) and Briggs Reef (4); as well as permission by the Authority for two vessels to conduct a tourism program across this scope.

CDC operates 7 days a week, 365 days per year. The Business operations are continuous with tourism numbers fluctuating throughout the year, CDC engages casual and sub contract employees to manoeuvre through business peaks and troughs. CDC has strategically employed minimal permanent to maintain a flow of general business and seasonal casual employees are allocated accordingly to business volume.

The CDC holds two unique Marine Permits issued by the Great Barrier Reef Marine Park Authority.

These include permit G15/34162.1 (a 15 year permit due for renewal in September 2022, subject to CDC remaining Eco Accredited). The permit allows CDC to conduct tourism operations across 19 moorings, including exclusive rights over Elford Reef (1), Channel Reef (2) and Briggs Reef (4); as well as permission by the Authority for two vessels to conduct a tourism program across this scope.Strategic leverage to the business as a statutory approved vehicle for business growth. It provides 365 day access for a further three permitted vessels (defined by Vehicle Identification Numbers - VINs) to conduct tourism operations at any of CDC’s 19 moorings.

CDC has developed a strategic platform to manage customer trends; transferring and servicing customers to and from each of their reef sites. The present business flow, assets and turn over combined with the above permits make for a great business amongst the World premier Dive location of Cairns amongst a World heritage site such as the Great Barrier Reef.
Valuation Schedule of Vessels

Vessel Valuation Date Conducted by Pacific Nautical Services Pty. Ltd. Kangaroo Explorer $1,600,000 18 May 2015 Pacific Nautical Services Pty. Ltd. Reef Kist $1,300,000 18 May 2015 Pacific Nautical Services Pty. Ltd. Sun Kist $ 350,000 18 May 2015 Pacific Nautical Services Pty. Ltd. Total $3,435,500 Full condition survey and valuations are available upon request. All vessels are regularly maintained and in excellent service.

Appraisal of Marine Permits
Mr. Steve Moon of Projects Global, a Cairns based marine consulting firm has appraised the fair market value of CDC’s two permits, G15/34162.1 and at $2,000,000. A copy of his appraisal is available upon request.

Plant and Equipment, Office Equipment and Motor Vehicles
The value of this pool of assets lies in the range of $150,000. Two properties, 1 x 2 Bedroom Esplanade Apartment and 1 x 3 bedroom Queenslander with purpose built dive pool and school with amenities, equipment and change rooms.
Price: $ 6,000,000.00
Stock Value: $ 110,000.00 to $ 120,000.00
Net Profit: Upon application
Turnover: Upon application
Accounting Figures FY: Yes-are available
Lease Terms: CPI increases
Rented Area: 100m2
Trading Hours: Trading 7am to 5pm 7 days
Map of CAIRNS QUEENSLAND 4870, AU

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