Apart from liveaboard vessels being sold in the market, we have seen liveaboard and marine based businesses coming on the market for sale. For example we have new sellers looking to retire with an established tourism business inclusive of vessel assets or a whale watch opportunity at asset value. As baby boomer owners start to consider retirement, the next generations have the ability to leverage off quality reputations and strengthening business financials. In the most part owners are keen to support their hard earned reputations and loyal followings with a period of transition to new owners which can ease the learning curve for the uninitiated buyers. DBB can provide details of such businesses to pre-qualified buyers (includes confidentiality agreements). Fwd bookings are always impacted by knowledge of the potential sale of a business and we are careful with regards to client exposure. That said frankly any business can be for sale at the right price.
The virus impact on tourism businesses has commenced particularly where second wave effects are blocking domestic transfers internal to a country.
The issue There is a demand that will not be met in the future to support Australian aluminium manufacturing programs due to the reduction in manufacturing capacity in country. This is a trend occurring in the Australian aluminium manufacturing sector that appears to have to date, gone under the radar for the broader market.
We have brokered the sale of marine businesses and boats worldwide for over 15 years. Director Neil Houlahan shares 5 things that will make the process easier and put more money in pocket when it comes to business sale.