Asking price: £130,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: £88,000

Business description
Point Breaks, North Devon's No1 water sports company is up for sale. We are a surf, ski and wake board school near Croyde Bay in beautiful North Devon. We also offer speed boat and inflatable rides, kayak tours, coast steering etc, Business for sale after 22 years due to the owners wishing to migrate to Australia to be with family. Sale includes 45 surfboards, 32 kayaks, 175 wetsuits, Awesome speed boat, water skis, wake boards, Mercedes Sprinter, Mitsubishi 4 x 4, trailers and all equipment needed to run the business. All in very good order. Future bookings included. 6 year lease included on aircraft hanger used as storage which also has additional income. Sale also includes company website www.pointbreaks.com and all associated websites.
Includes all equipment too. Visit www.pointbreaks.com for a flavour of what we offer. Original asking price £230,000, now open to offers as we are moving to Australia in Jan 2009 should the business sell. Sensible offers (that has financial backing) invited. No dreamers please.

Years established: 22

Employees: 5 freelance

Trading hours: Various

Home based: This business can be run from home.

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
Lease renewed every five years, new lease just agreed for 6 + years

Living accomodation
There are two static caravans within the sale of Point Breaks, planning approval being applied for currently. So although fully kitted out, the caravans should not be classed as security office / living accommodation at this time. This may be subject to change should planning approval be granted.

Location
Chivenor Business Park, Braunton, North Devon. Very near (2 mins) Taw and Torridge Estuary, Croyde Bay, (10 mins) Saunton Sands, Putsborough Beach etc.
Aircraft hanger at Chivenor used Storage only, activities take place at various locations.

Expansion potential
There are endless opportunities to expand, the sky is the limit. Staffing would be the only restriction, more staff would be needed if the company was expanded. We have kept the company small as we have a young family and enjoy family life here by the beach. Point Breaks can easily be expanded, but we choose to work two busy days per week. This is a lifestyle choice and therefore business can be greatly increased if desired.

Competition / Market
We are the only Surf, Ski and Wake board school in the south west. There are other surf schools around, but we were the first (since 1986) and we have the reputation of experience. Also activity insurance no problem due to our excellent no claims record on all of our water sports which is not available to new companies wishing to start up. This gives Point Breaks a protected market in some of our activities.

Support & training
We would be available to offer support and training up till December 31st when we hope to leave for Australia

Reasons for selling
Owners are hoping to move to Australia to be with family

Related website: www.pointbreaks.com

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