Rare opportunity to acquire a long-established freehold boatyard and going-concern marine business in a highly desirable coastal harbour location in Bembridge on the Isle of Wight. Founded in the 1950s and trading for approximately 70 years, the business has been under the current ownership for almost 40 years and is an established and well-regarded part of the local boating community.
The business provides boat lifting and storage, moorings, maintenance, repairs and marine engineering. It is also the recognised builder of a popular and widely renowned sailing dinghy and supports several locally based racing keelboat fleets.
The freehold property extends to approximately 1 acre overall and has capacity to store approximately 250 boats, split roughly evenly between indoor and outdoor storage. The site includes several buildings providing indoor boat storage, workshops, a showroom and site office.
In addition to the freehold boatyard, the company operates up to 50 drying/swinging moorings in the harbour under a commercial lease that includes slipway access. The business has its own jetty and pontoon infrastructure for landing purposes. A separate barn located a short distance away is also occupied under licence, providing additional undercover storage for approximately 15 boats.
The freehold is subject to a land covenant with a stated use for the building, repairing, overhauling and storage of boats. Given the importance of the boatyard to the local boating community, the property is offered on an assumed continued-trading basis.
The opportunity is offered by way of a sale of company shares together with transfer of the land title, subject to contract. It is suited to a suitably experienced private buyer or existing marine business committed to maintaining the yard's reputation and continuing its legacy as a local marine asset and boating services provider.
Furniture and fixtures valued at £63,000 are included in the asking price, together with inventory/stock. A reasonable handover period will be provided to assist with a successful transition of ownership.
