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Tour Operator Seeking Loan in Kingston Parish, Jamaica

Boat tour company seeking a loan for vessel upgrades in Kingston.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 12.5 thousand
Run Rate Sales USD 13 thousand
EBITDA Margin 25 %
Industries Tour Operators
Locations  Kingston Parish
Local Time 5:07 AM America / Jamaica
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 18.8 thousand for 14.0% annual interest, 5 years (Native Currency: JMD 3,000,000)
Reason: Loan amount would be used for the boat which needs maintenance and upgrades and even for renting an ... View More
Collateral Available: USD 11.3 thousand
Includes physical assets worth USD 11.3 thousand
Name, Phone, Email
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Business Name
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Business Overview
- Business overview: This boat tour company operates out of Kingston Parish, Jamaica, providing memorable sailing experiences to both locals and tourists.
- Tour destinations: The primary offerings include trips to the beautiful islands of Lime Cay and Maiden Cay, known for their stunning landscapes and crystal-clear waters.
- Customer base: The clientele consists of local residents and international tourists looking for leisure activities and scenic excursions off the coast of Port Royal.
- Operational costs: The average fuel cost for each trip is approximately JMD 2,500, indicating a healthy margin between revenue and operational expenses.
- Future plans: The company is seeking a loan for vessel upgrades to enhance customer experience and increase capacity, ensuring sustainable growth in the competitive tourism industry.
- Community and tourism impact: By providing boat tours, the business not only promotes local tourism but also supports the economy of Kingston Parish through job creation and the attraction of visitors.
Products & Services Overview
Both locals and tourists use our vessel to sail to the islands Lime Cay and Maiden Cay off the coast of Port Royal in Kingston, Jamaica.
JMD 2500 is the average fuel cost for one trip and the boat can take 20 people in one trip.
Assets Overview
Tangible asset: The boat is owned and the value is JMD 1.8 million.
Intangible asset: Certificate of Registration.
Facilities Overview
There is no office space, as of now.
Capitalization Overview
The business has no loans. It is 100% owned by the sole proprietor.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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