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Bespoke Narrowboat Hire Business
This lifestyle business currently owns and hires out a single bespoke high quality narrow boat for unaccompanied canal holidays. It requires relatively few hours input and therefore is suitable as a business that can be run alongside a full time job or another business.
Currently operating from a marina outside Stratford upon Avon on the Birmingham – Stratford canal, the 60 foot cruiser has easy access to the Grand Union canal with routes both North and South. The marina provides a secure mooring with facilities including laundry, shower units, café / restaurant and all support amenities including Wifi, mains electric, water, pump out facilities and diesel.
The narrow boat is fully equipped to be run on a holiday hire basis, with everything included in the sale. In addition to cleaning and maintenance, the vendor offers 2 hours of induction and practical tuition to all first time narrowboaters and those that need a refresher.
The business currently operates around half the year and in 2020 ran at 83% occupancy July to October (March to July was obviously lost to lockdown). With the anticipated continued emphasis on holidaying in the UK demand is expected to remain strong and there is an additional opportunity to develop a static rental business through the winter months, caching in on the Stratford location.
While turnover for 2020 was reduced due to Covid at c £21,000 delivering £13,000 net profit, a typical year generates c £30,000 sales and £20,000 net profit.
The vendors are now looking to simplify their lifestyle and hence the business is being marketed for sale. The narrowboat has been valued at a midpoint of £75,000 and the guide price for all assets and goodwill, including the narrowboat, is £95,000.
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