Fishing and Boating Business
- Thread starter kaelc
- Start date
kaelc
Crew Member
http://www.gillandgift.com/ is for sale thanks to @man*of*steel
If I wasn't VI til I die, I'd think about it, be nice to take some chips off the table and move to the interior.
If I wasn't VI til I die, I'd think about it, be nice to take some chips off the table and move to the interior.
Corey_lax
Crew Member
That's a badass website they got.
kaelc
Crew Member
I spend over 30k a year on my website and I wish mine was as simple as theirs, less BS inquiries and spam!
Aquaholic
Crew Member
My dial up won't let me on, must be prime time.
Corey_lax
Crew Member
30K is wild. I had our actual email addresses on ours originally but it was getting annoying so I pulled them off. I still get the odd spam through the "contact us" form which is probably where some of your spam is coming from. But, maybe mis spell the email on your contact page and it can't be searched as easily by bots. Put a space in the email and put (@) to split it up
kaelc
Crew Member
Yeah, Google has been the best for spam but when you have thousands of visitors every month there will be dozens of scammers. They impersonate me, my employees, it's an arms race. 30k includes support from our delvoper and lots of saas ad ons.
pacemaker
Well-Known Member
No…. Roger and Murray sold it last year. Now under new ownership and new management…
sure sounds like Fred's custom Tackle. He is the exact same age as me (67) so it would make sense that he would be retiring
kaelc
Crew Member
Significant price drop on the tackle stores for sale in the lower mainland. Looks like a good deal now. https://canada.businessesforsale.co...ckle-stores-in-british-columbia-for-sale.aspx
Sharphooks
Well-Known Member
Usually sales price is a multiple of revenue....I’d want a peek at the books to confirm that level of revenue year after year for the two locations
Multiples of EBITDA or some version of adjusted EBITDA.
kaelc
Crew Member
Another Boat rental business Mill Bay Marine Group, this time, can't see downrigger on them. https://www.clubyolo.ca/rates
Private Equity firms are partnering in business aquisitions, and are the lead investors in a lot of sales these days.
We have clients in that business and they are very sophisticated buyers looking for annual revenue streams that they can boost though a series of aquisitions and taking advatantage of economies of scale.
Our company was aquired last year by one of these organizations. It was a pat on the back to meet all their tests and get to the point where a sale was possible.
About 10 years ago we could see this being one of the probable and possible outcomes of the business and built an organization that would meet the criterea of a good aquistion. In other words build a profitable, and well run company, and don't be stupid when you are selling.
We set things up from the get-go to be an attractive aquistion, and it was the seemingly little things that we had in place that made us a an attractive purchase.
For example, we had always used a top tier international law firm as counsel. That paid off in spades because the company was structed in such a way that it was easy to sell and tax advantageous to us as sellors to make a deal.
It also saved both sides a lot of time and money in legal fees becasue both sides legal counsel knew what needed to be done.
You are way better off paying for 50 hours at $800.00/hour and getting a deal, that paying for 100 hours ar $350/hour and have the other side walk away because your counsel has no clue and frustrates the buyer.
You don't want to have set up your company in such as fashion that a sale is awkward or impossible.or that you end up in a poor tax position that could have been avoided.
We have clients in that business and they are very sophisticated buyers looking for annual revenue streams that they can boost though a series of aquisitions and taking advatantage of economies of scale.
Our company was aquired last year by one of these organizations. It was a pat on the back to meet all their tests and get to the point where a sale was possible.
About 10 years ago we could see this being one of the probable and possible outcomes of the business and built an organization that would meet the criterea of a good aquistion. In other words build a profitable, and well run company, and don't be stupid when you are selling.
We set things up from the get-go to be an attractive aquistion, and it was the seemingly little things that we had in place that made us a an attractive purchase.
For example, we had always used a top tier international law firm as counsel. That paid off in spades because the company was structed in such a way that it was easy to sell and tax advantageous to us as sellors to make a deal.
It also saved both sides a lot of time and money in legal fees becasue both sides legal counsel knew what needed to be done.
You are way better off paying for 50 hours at $800.00/hour and getting a deal, that paying for 100 hours ar $350/hour and have the other side walk away because your counsel has no clue and frustrates the buyer.
You don't want to have set up your company in such as fashion that a sale is awkward or impossible.or that you end up in a poor tax position that could have been avoided.
sasqman
Crew Member
ab1752
Crew Member
I'm fairly sure the egmont listing was up in the past few years too, what an awesome spot.
Actually I take that back...the one just past the back eddy was for sale I believe. Anyway we should pool our money and make it the sfbc out station. I'm in for a C note who's with me hahaha
Actually I take that back...the one just past the back eddy was for sale I believe. Anyway we should pool our money and make it the sfbc out station. I'm in for a C note who's with me hahaha
ship happens
Crew Member
kaelc
Crew Member
How busy is that passage, I could only see.something being viable within an hour of vancouver or Victoria at yacht or sailboat speed to be a 12 month a year revenue generator?
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