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Marine Boat Manufacturing & Engineering Business For Sale Nadi, Fiji
The only quality aluminium boat manufacturing & engineering business in West Fiji
Excellent opportunity to become the owner of a growing and hugely successful aluminium boat manufacturing and engineering business. Founded in 2001, Marine Power & Services prides itself on manufacturing aluminium boats and engineering and has become renowned as the only place to go for quality. It has built up a repeat business customer base and attracts new business from all over Fiji and as far as the Whit Sundays. The business currently employs 8 local staff and has invested in the latest machinery equipment for servicing and manufacturing. This is a solid business with consistent annual growth in turnover and profit. This owners (husband and wife) wish to retire from this busy business and reap some of the rewards they have built up over the past 10 years. This business would suit at least two people in business together or husband and wife looking for a busy vibrant business to own and grow. Engineering experience would be helpful to owning and operating this business. Products / Services 
Boat Manufacturing
Marine Power & Services manufacture a range of aluminium boats typically between 8 and 15m in size for charter, commercial and private. In the last 2 years the business has completed 21 boat orders and boat manufacturing equates to approximately 70% of turnover. Engineering The business provides engineering services along side the boat manufacturing. Engineering projects include Marina Walkways (30) / Fuel Tanks / Trailers / Canopy Frames for houses and equates to 10% of turnover. Because of the volume of boat manufacturing, engineering is a smaller part of the business. The owners pick and choose the engineering work turning away more jobs than undertaken. There is a real potential to expand the engineering side.
Premises
The business currently operates from new premises on the owners property which is not part of the sale. There are many suitable premises in the area which could easily be leased to house the business. The current owners are prepared to lease the current premises for a short period of time (3 months) until re-location by the new owners. 
Plant and equipment being sold
A complete list of plant, equipment, lessee fittings and chattels is available to interested buyers. Assets have been valued at $500,000 and main items include:
- 9 Welding Machines/ 1x 10 Ton Folder/ 1xDrill Press/ 1x Custom Built Pipe Bender/ Band Saw / Lots of hand tools etc workshop equipment, test tanks, test diagnostic equipment
- computers and printers, office furniture, office equipment.
Day to Day Management 
Staff
The business is managed by the two owners and 8 staff. Majority of the staff are locals with two expats.
Hours of Operation
The business hours are currently 8am – 4:30pm Monday to Friday, however the new owners could easily open over the weekend to capture additional business.
Stock
Stock (mainly parts) will total about $200,000. Customer database
Details of all customers is kept from all customers over the last few years.
Advertising and Promotion
The business maintains an informative web site: http://www.marinepowercobraboats.com. Most business comes from word of mouth, the reputation the business holds and it's location. Handover / Training
The owners are very happy to provide a handover / training period to any purchaser. Additionally the current owners would want to oversee any part completed manufacturing projects.
The Sale and Transfer of Ownership
This is a unique opportunity in Fiji, where the expat owners own 100% of the business. Changes in Fiji law a few years ago meant any new business starting up has to be at least 50% owned by a Fijian citizen which makes it more difficult for expats to establish a new business. With Marine Power & Services Ltd being established in 2001 (before the law changed) the opportunity exists for new owners (both expats or locals) and be able to own 100% of the business.
There are a couple of options offered in the sale of this business. The current owners preferably would like to find a purchaser(s) who will buy the business in it’s entirety, however they are open to interested parties who which to part purchase and operate the business. The latter option is only offered if the purchaser takes day to day control of the operations of the business allowing the current owner to retire in time. Here are some suggested options: Option 1: (preferable) Sell the business outright Option 2: Part purchase and take day to day control of the business The owners are realistic and flexible and open to other options that a purchaser may propose, so if you are interested simply talk with Dave the owner directly. Call Dave Bloxham on (679) 675 0036 (day) or (679) 707 6147 (evenings)
About Port Denarau Marina, Nadi and Fiji 
About Port Denarau Marina
Only 20 minutes drive from Nadi International Airport, Port Denarau Marina is Fiji's premier marina facility. As the hub of the integrated Denarau Island Resort, Port Denarau Marina is the gateway to exploring our idyllic sun drenched tropical isles of Fiji's West Coast. The marina provides berthage and marina services for commercial and leisure craft to 75m. About Nadi
Situated in the north west of Viti Levu, Nadi Town is the third largest centre in Fiji, about a ten-minute drive from Fiji's main International airport. Nadi is known as the gateway to Fiji and tourism is an important economic aspect. There are a large number of hotels, resorts and other lodging, from luxury to budget. Nadi provides overnight accommodation options to travellers passing through to other parts of Fiji, but is also important as a primary destination. About Fiji
The Republic of the Fiji Islands is known for its lush vegetation. It is a tropical paradise made of approximately 330 tiny islands of which around 100 are inhibited. Located in the heart of the Pacific Ocean, Fiji is sited to the north of New Zealand and North West of Australia with a land mass of 18, 376 square kilometres.
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