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  • Floating Restaurant for sale in Dubai

Floating Restaurant for sale in Dubai

Dubai Harbour, Dubai, UAE

3,600,000AED

Date : June 29, 2021
How does your business make money? : 0
How can the future owner improve this business? : ./......
Description : .....

Description

– Company owns and operates a cruise and restaurant on a dhow.

– Dhow has a capacity of up to 400 persons, is licensed to serve alcohol at the premises, and is berthed at Dubai Harbour.

– The floating restaurant offers a two-hour cruise and a full buffet.

– Our sales channels include contracts with travel agencies, our website, and OTAs like TripAdvisor.

– Individuals clients form 80% of our clientele with the rest of them being groups/corporate clients.

– Clients purchase a full cruise package either directly from us or through a travel agent.

– Direct customers pay us in advance and the travel agents enjoy a credit facility.

– Operations were stopped due to Ramadan and Summer months and are planned to resume in September with 70-100 daily customers.

– The Dubai Marina harbor lease is not included in the asking price.

– Catering services are outsourced to a 5-star hotel.

– Company has a bank liability of AED 400,000 that will be paid off completely after the business is sold.

– Buyer will get the legal entity, dhow, alcohol license, and business contracts worth AED 500,000.

Products & Services Overview

Cruise services, dining, and bar for individual and group clients.

Assets Overview

Physical assets include the wooden dhow which is 47 meters in length was originally built in 1984 and rebuilt in 2006. Its value as of today is AED 3.5 million.

The dhow has 3 levels – the lower deck is mainly used as a service area, the middle deck (200 sq. m. ) and the upper deck (220 sq. m. ) are used as dining halls.

 

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Location

Dubai Harbour, Dubai, UAE
Safety tips for deal
  1. Always meet face to face to finalize the deal.
  2. Transfer of Business requires to check all legal Documentation.
  3. Beware of unrealistic offers.
  4. Please report any suspecious activities.
  5. Contact us for any suggestion or feedback

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