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South Pacific Lifestyle Business With House For Sale

Rarotonga, Cook Islands
Asking Price:
$450,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Selling as a going concern, the dive business is now up for sale to allow more time for the current owners’ family commitments overseas, after 16 years running the company.

The company is a unique opportunity as the only working dive centre on the Island of Rarotonga (Cook Islands) with wholly owned buildings, including 2 bedroom accommodation. This has an added bonus in that a foreigner to the Cook Islands is not allowed to purchase living accommodation for 3 years if it is not purchased with a business.

Established in 1979, the company has a good reputation for customer service and safety. We currently teach a high percentage of dive students visiting the island. With two well maintained boats, trips are run 4 times a day for up to 8 divers on a boat. The property is ideally situated on the main road right next to the 4.5 star Crown Beach Resort and about 150m from the busiest and largest resort on the island, The Edgewater Resort, perfect for walk in trade.

Along with new and repeat dive customers, the company also offers Nitrox fills, gear service/repair and scuba cylinder re-qualify testing for the likes of pearl farmers and other dive companies. At the time of writing this is the only company offering this in the country.

The dive business comes as a true turn key operation; all the dive equipment, vehicles, boat, training pool, compressor, class room, buildings (2 bedroom house) and household items enough to move in and start.

This is an outright 100% sale of buildings and business assets (1243m2 land lease to 2039) and is a unique opportunity being the only dive centre on the island with wholly owned buildings. Recent civil engineer survey valuation on building land lease alone valued the property at NZ$398k without including any business assets!

Financial info available with completed NDA. Part vendor finance available to the right applicant.

Price NZ$450,000 + Vat(if any)

Property information

Real Estate:

Real Property Included

Living Accommodation:

Large 2 bedroom property (See plan)

Location:

On the main road of Rarotonga right next to 4.5* Crown Beach resort and about 150m from the busiest and largest resort on the island, The Edgewater Resort, perfect for walk in trade.

Premises Details:

Purchase of buildings and land lease to 2039. See the images for the site plan. Land size 1243 m2

Business Operation

Expansion Potential:

Currently run as a lifestyle business, so we do not run around resorts on the island to drum up trade as we have enough customers to keep us busy. Option of running a second boat, selling equipment or building rental accommodation on the property are all a possibility.

Reasons for selling:

Semi-retirement

Trading hours:

7 days a week

Employees:
4
Years established:
38

Other Information

Support & training:

Current owners not leaving the island, so available for handover.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Website:
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