In business since 1990, a PADI Dive Center since 1998, this established business will make you enough money to live comfortably and enjoy a new lifestyle in a tropical paradise.

22 years established

PADI member since 1998

4 web sites, 3 in English, 1 in Spanish

40 tanks, most have recent hydro (2012)

Bauer compressor

20 Sherwood regs (rental)

20 Sherwood & Scubamax BCDs (rental)

50 wet suits (rental)

35 rental masks & snorkels

45 sets fins (rental)

15 weight belts (400 lb. of weight)

all repair parts and tools for above regs & BCDs

Dive center lease assumable; includes 2 furnished apartments behind store, all furniture included; live in one and rent out the other, or use for students, apts. have cable TV & WiFi.

Websites (included in price):

Other websites available to expand business (not included in price):

$85,000 USD includes all of the above equipment, store furnishings, 2 computers, all apartment furniture & fixtures. Current retail inventory (approx. $20,000 replacement cost) is not included. We're in our mid-60s, & really, really want to retire soon!

Please complete the contact seller form below for more information.

Other information

Relocatable: This business can be relocated.
Website: Please click here to view the link
Inventory / Stock value: $20,000
Furniture / Fixtures value: $20,000 (included in the asking price)
Financing available: Owners will consider carrying back a small amount. That is because the dive center needs repainting, and some deferred maintenance needs to be done on the building. Unlike other places, Mexico landlords do not pay to repair or fix anything; that is the sole responsibility of the tenant. However, it may be something to negotiate with the owner of the building when you begin a new lease.
Owner financing: Owner financing is available. Please contact the seller for more information.
Support & training: Will be pleased to assist buyer in setting up a Mexican corporation, foreign owned. Have an English-speaking attorney, reasonably priced (about $1,200 US to set up a corporation in Mexico), Spanish-speaking partner will assist with running of the business for the first 2 months free.

Business Operation

Years established: 22
Employees: varies, sub-contractors for instructors, divemasters; they work when there is work.
Trading hours: 8-5 Mon.-Saturday; 9-3 Sunday, or if trips are out or classes going on, till they finish. Basically, open 365 days of the year.
Reasons for selling: retirement, please!!
Competition / Market: There is one other PADI resort assocation member, but it is not a PADI Dive Center. Any other competition is on the beach, and not affiliated with any dive organization.
Expansion potential: There are many possibilities to do other types of tours, such as kayaking, combined snorkel-kayaking, sunset tours, and other land-based tours.

Property information

Size in square feet: 3,050 sq. ft.
Premises details: In addtion to the 1,200 sq. ft. of office, there are 2 apartments, each of approx. 800 sq. ft. There is also a back yard with gate for entry, and a storage area of approx. 250 sq. ft. One of the apartments is currently occupied, receiving $300/month in rent, offsetting the cost of the building rent of $800 for 8 months, and $600 for 4 months. The lowering of the rent for 4 months was negotiated because the months of May and June and September and October are slow months for the business; thus a break on the rent.
Location: Located on the main blvd. Miguel de la Madrid (Hwy. 200), in the town of Santiago, a suburb of Manzanillo, a prime location in the hotel zone. Approximately 1,200 sq. ft. including equipment rental area, compressor and wash area, retail sales area, and computer area for e-learning.
Lease terms: $11,000 pesos for 8 months; $8,000 pesos for 4 months. Owner of building is a friend, no formal lease and she will agree to new owners assuming same terms. You could relocate this business to another location, but with the revenue from the 2 apartments behind the dive center, why would you want to? Either use them as income (which during the winter season, they rent for much more), or live in one (or both), and save yourself money on rent.
Real Estate: Lease
Cash flow:
$50,000 - $100,000
Seller financial available: Yes
Work from home: N/A
Franchise: No
Year established: 22
Employees: varies, sub-contractors for instructors, divemasters; they work when there is work.
Date: Sat 23 Jun 2012

Listing Expired!

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