Caribbean Based Kayak Utila is FOR SALE

Caribbean Based, Ecology Focused Kayak and Snorkeling Business for Sale!

~$12,900 usd ~

“Pre-Formal Announcement Pricing” (Once we begin larger scale marketing of this business for sale, this price will go up).

happy boatsLive and work and paddle on a Caribbean Island with this TURN-KEY Kayak business on the Island of Utila, in the Bay Islands of Honduras.  This is a great opportunity for a single or couple to get involved in an affordable, ready to go, small business in the Caribbean in a popular activity, with focus on small personalized trips and island ecology.

Training Available: Current owner is a Level 3 American Canoe Association Kayaking Guide and training in both kayaking specifics, as well as the art of teaching of kayaking to others is included.  Current owner is also a marine naturalist and PADI scuba instructor, and training in both the local marine ecology and working with new snorkelers is included.  Also included is time to familiarize the new owners in all day trips currently being offered as well as with local business practices and life on Utila.

Look at our site at  www.KayakUtila.com   to see more about our business and what we represent. More details are below.


A. What Am I Buying?

COMBO: Mangroves and South Shore Snorkeling and Swimming

Some pics from our Mangrove and South Shore trips~ Click to enlarge.

You are buying an established small business that offers Kayaking, Snorkeling, and Marine Ecology.  Most of our business is in personalized small group trips, as we have intentionally stayed away from rentals without a guide. However, there is a large demand for rentals on the island, and this is an area that can easily and greatly be expanded.  as we do regularly get rental requests.

This business is on the island of Utila, a small Caribbean Island, in the Bay Islands of Honduras.  It is a largely English Speaking island,with the “islanders” being descendants of Britain and Cayman populations. Population is about 3500.  There are few cars on the island, it has a low key environment, and  beautiful turquoise waters surrounded by coral reefs. You can see more about Utila at www.UtilaGuide.com

As part of this sale, you get a great name, website, excellent search engine placement, protocols, training, and established business reputation (check us out at Trip Advisor).

loading up the boatsInventory included in the sale includes: 9 kayaks, along with back rests, seats, paddles, bow lines and bungees, a small selection of snorkeling gear, and supplies for future repairs.  See details below.

Also you get the benefits of a 2 year build up period (though albeit was at half-time) and excellent reputation.

In other words, you are getting  a turn key exceptionally low risk investment in great activities, on an awesome location, with some great toys!

B. What is Included in Price:

 1)Inventory and Gear:   (Gear is described in more detail further below, under “C, The Gear” )

9  SIT ON TOP KAYAKS:

  • 5 Single: Ocean Kayak Scramblers
  • 1 Single:  Scupper Pro Kayak
  • 3 Doubles: Ocean Kayak Malibu Twos

11 PADDLES:

  • 4  High end
  • 5  All around, high rental level
  • 2 Standard rental level

14 SEAT BACKS

Misc repair parts: bungees, rivits, hooks, line

Misc Snorkel Gear

2) Marketing:  As  part of the sale, you are buying:

  • Name: The NameKayak Utila”.
  • Website: Our well-established, well organized site at  (www.KayakUtila.com), which consistently has top ratings of #1 and #2 on Google, Yahoo, MSN, Ask, and other search engines.  If someone is looking to paddle in Utila, they will find us and our great reviews.

New owners would be able to fully take over this site upon purchase. If needed, training on the website will be provided to next owner as part of the deal.

There is also lots of opportunity to expand key words to top the charts for searches of Kayak Caribbean and other key phrases.

  • Email address: of [email protected]
  • Excellent reviews and reputation on Trip Advisor: (Look under Kayak Utila)  .  Kayak Utila consistently gets excellent reviews on Trip Advisor!  Our guests leave real, honest, specific comments relating to their awesome experience with us.

Here is a sample from one of our Trip Advisor Reviews – which is reflective on the type of experience we offer our guests: “Great experience!” I went on two paddle trips with Kayak Utila, one with Andi across the harbor and one with my boyfriend for the Mangrove Kayak with Jamie. Both were wonderful experiences. Andi and Jamie were extremely knowledgable and instructive with paddling techniques and tips. My boyfriend and I are experienced paddlers and we still learned a lot. The boats and paddles Andi uses were well suited for the type of kayaking we did. During the Mangrove Kayak, Jamie explained to us about the mangroves and the eco system of the island. He was passionate and informative. We learned a lot about mangroves I never knew. I am a picky eaters and the lunch provided was delicious.

Kayak Utila is a small operation with an emphasis on personal service. Andi and her staff are professional yet friendly and down to earth. I highly recommend Kayak Utila to anyone, begiinning or experinced, interested in learning about Utila and seeing parts of the island not available otherwise.

  • Facebook page  that is fun and interactive. 
  • Relationships with local publications like Kool Magazine and Promodias cards- (featured in their adds and on their web)
  • Business is featured in 2 Sport Diver magazine articles as part of the  “top activities on Utila”
  • Well established reputation within the community and among those managing and renting vacation rentals, for running excellent customer service oriented trips.

Anyone can pick up a paddle, but we focus on teaching efficient stroke techniques- and guests thank us for it!

3. Know How and training

We’ve worked it out and know how to make happy paddlers.  In fact, Kayak Utila ALWAYS has guests/clients that are stoked because we really take the extra effort to give personalized attention in a low key, fun way while sharing the awesome ecology of the island, as well as giving them some real skill improvement in a sequential learning method.

Current owner is a kayak guide (Level 3- ACA) and can include stroke workshops and proper paddle technique and tips to new owners and how to teach this to others to ensure success in your clients.

We’ve also sorted out the routes, timing, nuances, special spots to be able to pass over some great trips to the new owners.

We also will include training on local mangrove and reef ecology so you can help to share this with your guests, as that is a key component of our trips.

4) Goodwill and Reputation

Beachside Lunch Northside UtilaWe’ve put lots of time and energy into figuring out what works and what doesn’t work, and will pass all this on to you to help ensure you have a successful business. This includes everything from how to best organize an intro tour, how to teach others, and to how to do business in Utila, and in Honduras in general.

This is an established business, with a legal business license.

If you are new to Utila or doing your own business on the island,  we are here to help you.  We’ve ran 2 other successful businesses (a restaurant and vacation rental and real estate business) and know the ins and outs of what works here.  We want to see people continuing to paddle on Utila, so we want to see you do well.

____________________________________________________

C. More About The Gear:

We spent a lot of hours and days finding our boats, paddles, backrests, supplies to fix the boats and more. Our gear is good quality and ideal for our waters- for tours and teaching new folks while still appealing to experienced paddlers.  We have higher end paddles, nice backrests, and put time and money into our kayaks to keep them in good condition.  This is not cheapo gear, but solid quality, recognized names for gear that will give you years of paddling to come.

KAYAK Specifications – 9 total:  All our kayaks are well maintained, with full bungees, rivits, clasps, etc.

6 Singles:

  • beautiful day5 Ocean Kayak Scramblers: “The versatile Scrambler is the industry standard in rental sit on tops. Stable and easy to handle, great for everyone from beginners to experienced paddlers” Price New: $450 usd each plus $300 shipping
  • 1 Scupper Pro: The Scupper Pro is a sleek, efficient sit-on-top for touring, fishing, or diving – check out that storage space in the bow hatch and tank well! The Scupper Pro has  stability combined with length and a narrower beam for speed.  These boats can be outfitted with a rudder, to  handle crosswinds and currents distance paddlers may face offshore. If you like the peace of mind a sit-on-top can offer, but still want the efficiency and look of a traditional sea kayak, look no further than the Scupper Pro” Price New: $950 new plus $300 ea shipping

3 Doubles:

  • First stop3  Double Malibu Two The most popular compact, lightweight tandem sit-on-top in the world. Stable and versatile, it can be paddled solo or tandem. Fits two adults plus a small child or pet. Price new:  $650 plus $300 ea shipping

PADDLE Specifications:

Performance Paddles-  4 total:

  • Tybee_CF_IM1 Werner Tybee: Advanced high-angle blade design direct from Werner’s Performance line. Versatile – advanced maneuvers & all around touring, Carbon reinforced nylon blades are durable and light weight,  Adjustable Ferrule System, Premium carbon blend shaft , the, two-piece Werner Tybee CF IM Paddle is a super lightweight carbon paddle that provides a more powerful stroke for quick maneuvering, bracing, and even rolling.
  • Jaimies AquaBound Closeup1 Aqua Bound Manta Ray Carbon TLC Paddle : The Manta Ray Carbon kayak paddle has more horsepower for big boats, high-angle paddlers and moving water. With the lightweight carbon fiber blade providing extra strength and stiffness along with the low swing weight pure carbon shaft, this kayak paddle is a first class touring choice!
  • 2 Aqua Bound Eagle Ray: The Eagle Ray Hybrid is a light paddled great for day trips, aggressive surf kayaking and anything in between. The Eagle Ray is a long, slender-bladed beauty for lower angle paddling. The Eagle Ray is intended for longer distance touring with blades that are two (2) inches longer than standard high angle blades,  providing a little extra pull for moving a heavier loaded kayak. The slightly larger surface area also helps with bracing and rolling. The blade on the Eagle Ray Hybrid is tough, fiberglass reinforced abXII resin, The shaft is 100 percent carbon, not a watered-downed mixture, providing the lightest weight possible.

Good All Around Paddles – 4 total

  • Carlisle Day Tripper2 Carlisle Day Tripper: “With polypropylene blades and a high strength aluminum shaft the Carlisle Day Tripper is the right choice for an affordable quality kayak paddle”
  •    cascade by Cnnon2 Cascade by Cannon: Lightweight, rugged, portable and affordable! Lightweight, with an asymmetric paddle blade this paddle allows for smooth, flutterless strokes.  The black anodized shaft is ovaled at both ends for paddle control Add its light weight (2.4lbs) and you get a paddle that will take you anywhere there is fun.4- part take-down paddle is perfect for traveling.
  • Perception offset Fixed:

General rental style:

  • Sea Sense (black basic one with Lighthouse)General blade- black Sea Sense: The lightweight black aluminum shaft has black molded-plastic blades and two-piece construction for easy storage. Comfortable, lightweight
  • Silver/ Black: Built for solidness, this blade is a great addition to the rental fleet for a worry free paddle.

SEAT BACK Specifications: SPECIFICATONS – 12 Total

  • 10 Ocean Kayak Comfort Back rests: New $59
  • 2 Surf to Summit Tall Molded Foam Kayak Seat with Pack: New $79
  •   2 Surf to Summit Regular Molded Foam Kayak Seat with Pack: New $59

________________________________________________________

D.  FREQUENTLY ASKED QUESTIONS:

What is the Potential for Growth / Expanding:

Huge. This business is currently being operated as a ¼ to ½ time business  and can easily be expanded to run as a full time venture. The potential to expand is huge.  The reason it is being run as ¼ to ½ time is because the owner/ lead guide also works on week long kayak trips in Belize and through Honduras and is not here on island during key parts of the high season.  Also, she was involved in another business when she started this, so wasn’t able to allocate full time to this business.

Also, we have been able to run without a storefront because of our strong internet presence and reputation.  Adding a small storefront to this business would hugely impact its ability to expand.


If All is so Great, What is the Reason for Selling:

The owner had a contract come through for a job back in Hawai’i with Conservation, which is the field of work she was doing before coming Utila where she has lived for the past 8 years.


What Kind of Training is Involved / Do I Have to Know How to  Kayak / I Don’t Know How to Do Business in Honduras:

30 hours of training and assistance included in price.  We can train you in Kayaking and teaching Kayaking to others.  We can also work with you on doing business on Utila and other general business questions.  If you want more training time, we can work out an arrangement and/or you can put it as a term of your offer.  We want you to succeed.


What about the Numbers?

This intro price is based on established name, reputation,  website, know how, training, and gear etc. As noted, we have run this business as a ¼ time entity only, so the numbers are only a very loose indicator of the business you can do. As such, ROI (Return of investment has) has not been added in. Once we sit down and do that (we have been out on weeklong trips the past 2 months), the price will go up.

In other words, the price above is a “pre-notice” price. Once we have the books all tallied and formal, we will expand our efforts to sell the business and the price will increase- at that time numbers will be available.


What is Utila like?, Do I Need to Know Spanish?

On Utila, you’ll find a relaxed, laid-back island that many describe as what the Caribbean “used to be”.  If you are looking for a high-end resort destination with time-shares, high-rises, or a fast paced nightlife, Utila is definitely not it. But if you are looking for a low-key, small Caribbean island, known for its laid-back lifestyle, good diving, easy access to great snorkeling, and a small community, then Utila will be a great fit for you.

English is the official language of the island (the settlers are from European and Cayman descent), so Spanish is not necessary to live here and run this business (though we do have some clientele from the mainland.). Of course, its very helpful just for daily life, so go buy some tapes and start practicing  but don’t worry if you don’t yet know your Hola from Cerveza.

For more on the island, see the website http://www.UtilaGuide.com


Can Foreigners Work There?

YES.  Firstly, if you are a Honduran, you can own in your name and do not need a corporation to run this company.

If you are not Honduran (the current owner is not), to legally operate this business, you will in theory want to form a Honduran Corporation, which can be done at time of transfer, and we can suggest some lawyers for you. The cost of forming a Corporation generally runs about $1500 usd.  (You will be buying this business from an existing corporation, but you will not be buying the parent corporation, so that is why you need to form a new one.)  You may find that there are also quite a few foreigners here who run businesses without permits, but we have already got it all in place with the business licenses and registration, so we suggest to the buyers that they continue this. But that is the buyer’s decision on how they want to handle that.

For many people moving to Honduras, ultimately, you may also want to get you residency in progress (this can take 6 months to 1 year, as long as you have no felonys, you should get approved.)   But you do not need to do this immediately.  Residency is also needed to you don’t have to leave every 90 days, though many expats on the island choose to just leave for a little vacation every 90 days.   Residency can run about $2000 usd, and most lawyers require half at beginning of process, with the remainder once they complete it. Its all very straightforward, and there are English speaking lawyers that can help you. We work with one of the best firms in the country and can the buyer in that direction.

_________________________________________________________________________________

Anything Else I Should Know / Other disclosures:

  • Future partnerships: The current owner is looking to continue with a few extended trips (she currently offers multi-sport trips with Stand up Paddleboarding, kayaking, marine ecology, snorkeling, and yoga) per year on island in the future and would like to work with the new owners to have the option to rent back the boats at a reasonable fee when reasonable notice is given (discussed at time of sale).
  • Storage of Boats: Currently, the boats are being stored at an owner’s friend personal garage. This likely would need to change for the new owners.  Current owner would work with the new owners to provide suggestions for options of where this can be.
  • Storefront: Currently there is no storefront, as the bulk of our trips come from internet and referrals, though we did recently hang a sign in front of another business so walk ins could come in. New owners would want to consider this and current owner will assist them in finding a suitable partner.  There is also the option for new owners to rent a small storefront, which would of course hugely increase walk in foot traffic.

_______________________________________________________

E. How Did You Arrive at  the Price?

Pre-priced at $12,900.  Cash purchase only- sorry we are not looking to work on a mortgage or finance basis.   As noted above, this is an INTRO price only and once we are back from our next extended paddling trip late February, will expand the marketing efforts for sale of business, and will take into account sales, Return on Investment, etc and will raise the price.

Please note the price of this gear new, including shipping to Utila, Honduras is approx. $9700 usd  The asking sales price takes into account the equipment being used,  plus adding in for website, marketing, name, know how, training, registered business, turn key readiness and goodwill and reputation.  

Estimated KAYAK Value:
Kayak Type
Price   NEW
Depreciated   Discount for being used
Used   Price Value
Shipping   to Utila
Used   Value Per Boat
# of Boats
Total
Ocean Kayak Scramblers (Single)- Orange
Very Good
$450
20%
$360
$300
$660
1
$660
Ocean Kayak Scramblers (Singles)- Green
Good
$450
25%
$338
$300
$638
2
$1,275
Ocean Kayak Scramblers (Singles) – Green
Fair
$450
40%
$270
$300
$570
2
$1,140
Ocean Kayak Malibu Two (Doubles)- Orange
Very Good
$630
25%
$473
$300
$773
1
$773
Ocean Kayak Malibu Two (Doubles)- Yellow
Good
$630
30%
$441
$350
$791
1
$791
Ocean Kayak Malibu Two (Doubles)-Green
Good
$630
30%
$441
$350
$791
1
$791
Scupper Pro (Single) – Blue
Good
$975
30%
$683
$300
$983
1
$983
 
TOTALS
9
$6,412
Note: Percentages for Depreciation are not   conservative,  to benefit the buyer as   it results in a lower boat value price. This is because they are being sold   as part of a business. If we sell each boat one by one, we will likely be   asking higher prices.
Estimated PADDLE Value:
Paddle  Type
Condtion
Price   NEW
Depreciated   Discount for being used
Used   Price Value
Shipping   to Utila
Used   Value Per Boat
# each
Total
Performance Paddles:
 
 
 
 
 
 
 
Werner Tybee
Very Good
$179
25%
$134.25
$20
$154
1
$154
Aqua Bound Manta Ray Carbon TLC Paddle
Like New
$169
15%
$143.65
$20
$164
1
$164
Aqua Bound Eagle Ray
Fair
$139
35%
$90.35
$20
$110
2
$221
Good all around:
 
Carlisle Day Tripper
Very Good
$39
30%
$27.30
$20
$47
2
$95
Cascade by Cannon
Very Good
$59
30%
$41.30
$20
$61
2
$123
Perception offset Fixed
Seen some use
$89
40%
$53.40
$20
$73
1
$73
General rental style:
 
General blade- black Sea Sense
Very Good
$22
15%
$18.70
$20
$39
1
$39
Silver/ Black Heavy strong
Very Good
$40
15%
$34.00
$20
$54
1
$54
Total:
11
$768
Estimated Seat Back Value:
Seat Type
Condition
Price   NEW
Depreciated   Discount for being used
Used   Price Value
Shipping   to Utila
Used   Value Per Boat
# each
Total
Ocean Kayak Comfort Back Rests (Yellow)
Fair to Very Good
$45
30%
$31.50
$5
$37
10
$365
Surf to Summit Tall Molded Foam    Pack
Very Good
$79
20%
$63.20
$5
$68
2
$136
Surf to Summit Regular with Pack:
Very Good
$59
20%
$47.20
$5
$52
2
$104
Total:
14
$606
TOTAL Estimate of Gear, with Used Condition Factored in,   including getting to Utila:
$7,785
Plus additional parts (bowlines, bungees,   extra  rivits, rivit gun, eye hooks,   plastic for welding,  etc)
150
Plus Snorkel Gear
$150
Total Value of Inventory :
$8,085
Goodwill and Business  (Turn key operation, Business   Name, Website, Established reviews and Reputation, Training , Know How,   Established business license,  etc)
$4,900
Total Value of Inventory and Business:
$12,985
NOTE: PRE-Pricing of Business Package: $12,900 includes used   gear as outlined above, name, website, training, reputation, know how and   goodwill . Once we factor in Return on Investment (ROI) with numbers   available for viewing, this price will likely go up to between $15K and 17K. We are currently in between week long kayak   trips so just don’t have the time just yet to put those together, hence the   discounted pre-price above

This is GREAT opportunity for someone looking to find a slower pace of life or for go-getters looking to  expand the business. Whichever you are looking for, you have a turn-key business in the islands waiting for you for a very reasonable investment. All while picking up Kayaks with Paddles, seat backs, etc  in the process!

*Please also note that there is NO real estate, or motor boats associated with this transaction. At the price above of $12.900 usd, you are buying the inventory ( Kayaks, paddles, seatbacks), training,  protocols, systems, marketing,  website, reputation and know how. As is, this is an extremely low-risk investment plus you get a lot of cool toys! *


•For more information on business, please see our web at www.KayakUtila.com  or contact Andi at [email protected]  •


happy boats

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