Marine Shop for Sale in Saint George, Grenada

Since officially opening in mid-2019, there have been 3 consecutive years of 25% growth (a continuing trend). A small proportion of sales are online due to our website and rarely found stock items, but the largest proportion is sales of both new and used stock direct to the large yachting community passing through the Caribbean. Customers find hard to source items through us whilst seeking to spend less on repairs and maintenance by tapping into our large inventory of unused, discounted 'old' stock, or lightly used second hand parts. This business is unique in the Eastern Caribbean. On average, we receive 10 customers a day and it depends on the season.

General marine chandlery. We have thousands of items inventoried on our website which can be viewed on the application. These encompass engine consumables and spares for Yanmar, Volvo Penta, Perkins, Yamaha, Tohatsu, Mercury and several generator brands. We have hundreds of lines in anchoring/docking, deck hardware, electronics/electrical, fishing, galley equipment, interior fittings, lighting, mechanical instruments, navigation, outboard engines and dinghies, plumbing materials, repair materials, tools, rigging and sail control, safety items and watersports.

Tangible assets included in the business sale include all the shop stock, estimated to have a retail value in excess of $650,000 XCD, the shop display systems, office equipment, laptops and phones, a leather sofa, desk and fridge-freezer. If buying the corporation this would extend to the company car also. Intangible assets such as the established customer base, contact lists and goodwill are interoperable with our marketing presence on local social media, Facebook Groups, WhatsApp Groups, cruising guides, local radio and our own website with around 70% of shop stock inventoried within. This can also serve as a POS system and stock control.

The sales showroom is a 3,000 sq ft retail space on the waterfront adjacent to a wharf and dinghy dock with plenty of parking. It is situated in a large busy anchorage popular for it's nearby facilities. The original lease has just been reissued as a rolling 5-year contract for added security.

The retail business is a profitable, self-sustaining, debt-free asset trading under a (debt-free) Limited Company first incorporated in January 2017. Presently there are two shareholders. Buyer has the opportunity to acquire the asset in the form of the retail business together with all the stock, lease and everything together associated or acquire the corporation with the additional benefits of established legal standing, accounting and banking arrangements here in Grenada.