Cruise Line for Sale in Dubai, United Arab Emirates
For Sale: Restaurant-cum-cruise on a 47-metre dhow.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1 million |
| Run Rate Sales | USD 1 million |
| EBITDA Margin | 10 - 20 % |
| Industries | Cruise Lines + 2 more |
| Locations | Dubai |
| Local Time | 4:19 AM Asia / Dubai |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
540 thousand
(Native Currency: AED 2,000,000)
Reason: One of the owners is Muslim and they do not wish to be associated with a business that deals in alco...
View More
Includes physical assets worth
USD
540 thousand
Interested to connect with advisors
Documents
Domain-Verification.pdf
(213.3 KB)
Business Overview
- Company owns and operates a cruise and restaurant on a dhow.
- Dhow has a capacity of up to 400 persons, is licensed to serve alcohol at the premises, and is berthed at Dubai Marina.
- The floating restaurant offers a two-hour cruise and a full buffet.
- Our sales channels include contracts with travel agencies, our website, and OTAs like TripAdvisor.
- Individuals clients form 80% of our clientele with the rest of them being groups/corporate clients.
- Clients purchase a full cruise package either directly from us or through a travel agent.
- Direct customers pay us in advance and the travel agents enjoy a credit facility.
- Operations were stopped due to Covid.
- The Dubai Marina harbor lease is not included in the asking price.
- Catering services are outsourced to a 5-star hotel.
- Company has a bank loan of AED 400,000 that will be paid off completely after the business is sold.
- Buyer will get the legal entity, dhow, alcohol license, and business contracts worth AED 500,000.
- Dhow has a capacity of up to 400 persons, is licensed to serve alcohol at the premises, and is berthed at Dubai Marina.
- The floating restaurant offers a two-hour cruise and a full buffet.
- Our sales channels include contracts with travel agencies, our website, and OTAs like TripAdvisor.
- Individuals clients form 80% of our clientele with the rest of them being groups/corporate clients.
- Clients purchase a full cruise package either directly from us or through a travel agent.
- Direct customers pay us in advance and the travel agents enjoy a credit facility.
- Operations were stopped due to Covid.
- The Dubai Marina harbor lease is not included in the asking price.
- Catering services are outsourced to a 5-star hotel.
- Company has a bank loan of AED 400,000 that will be paid off completely after the business is sold.
- Buyer will get the legal entity, dhow, alcohol license, and business contracts worth AED 500,000.
Products & Services Overview
Cruise services, dining, and bar for individual and group clients.
Assets Overview
Physical assets include the wooden dhow which is 47 meters in length was originally built in 1984 and rebuilt in 2006. Its value as of today is AED 3.5 million.Intangible assets - alcohol license worth AED 1 million.
Facilities Overview
The dhow has 3 levels - the lower deck is mainly used as a service area, the middle deck (200 sq. m. ) and the upper deck (220 sq. m. ) are used as dining halls.The private harbor on Dubai Marina has an annual lease of AED 500,000.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Dubai, Business Broker connected with the Business
-
Earlier than 15 daysCEO, Advisory Firm, Dubai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysHotel Manager, Hotels, Sharjah, Individual Investor / Buyer connected with the Business
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