Profitable Marine Shop for Sale in Palma, Spain

- Engaged in the sale of maintenance and upkeep products for superyachts and boats.

- Possess exclusive sole European distribution rights for an innovative, environmentally friendly, solvent-free paint coating.

- Sell about 70,000 to 80,000 lbs of this coating each year.

- Also sell other maintenance products to superyachts and luxury yachts.

- Have an extensive and loyal client base with strong recurring revenue visibility as the coating paints have to be reapplied every 3 years.

- 200+ yachts use our surface protection and maintenance products.

- We sell the paint but have partnered with 1 British and 4 Spanish professional paint companies who apply our coatings and execute orders.

- Have sold coatings for 90 yachts in the last 3 years alone.

- Also sell marine pumps and engineering spare parts for yachts and boats.

- Revenue has dropped significantly due to the Covid-19 pandemic and is expected to recover gradually.

- We are the supplier of all kinds of spare parts for all types of yachts and we receive a lot of orders.

We supply every conceivable item/product required for the upkeep and maintenance of of a luxury yacht. Our product portfolio includes surface protection paints and coatings for marine use, marine pumps, and engineering spare parts for yachts and boats.

The legal entity, business bank accounts and licenses, inventory, and 3 mobile vans, stock, vehicles, and computers.

Leased space of 70 sq. m. spread across 2 facilities.

Funded through continual sales.

Only debts are monthly outgoings to suppliers which are settled promptly.

2 shareholders with the shareholding held within the family.