Nanaimo Yacht Charters & Sailing School Ltd. AND Stones Boatyard Ltd.

1690 Stewart Avenue, Nanaimo, BC

NAI Commercial is pleased to offer for sale two turnkey businesses under one holding company in Central Vancouver Island in the city of Nanaimo including:

(1)  A busy full-service boatyard with an 83T capacity Travel Lift, on site Marine Store, as well as a Marine technical service division for on-site and mobile repairs and maintenance, dryland storage of boats in the winter months and an inflatable repair shop.

(2)  A busy Yacht Charter and Sailing School, with excellent reputation for service and delivery of top-quality bareboat charter holidays and boating instruction.  Some fleet vessels are company owned whilst others are part of the Charter management program which mutually benefits boat owner and customers alike.

The businesses are for sale together as a share purchase and the price includes all equipment and goodwill.  The inventory, estimated to be $790,000 and working capital, would be in additional to the purchase price.  Working capital can be included if required by purchaser for a turnkey operation. The current owners are willing to remain available for training.

In addition to these companies, a separate company holding 2 large yachts currently in the pool for rental vessels, are available for purchase with values of approximately $140,000 each to bolster the fleet of available yachts for hire.

Offered for Sale (SOLD TOGETHER)

$2,500,000.00

(Sale of Shares plus Inventory Cost at Time of Sale)

(Equipment/Goodwill included, Inventory is in addition to sale price)