Adventure Tourism Powerhouse In Deira, Dubai For Sale

Description

The business started 16 years ago.

Location and Premises

The business is based in Deira, Dubai.

• Office: approximately 600 sq ft
• Base camp: approximately 1,300 sq ft
• Storage facility: approximately 9,000 sq ft
• Annual rent: AED 118,000

Rent is paid monthly.

Fleet

The company has 20 heavy-duty buggies.

The fleet is valued at approximately AED 1.5 million.

• Engine: 3000cc V6
• Power: approximately 320 hp
• 1 electric buggy prototype

Transport

Guest transport includes owned and outsourced vehicles.

Team

There are 11 employees.

• Staff earning AED 2,500 or less: 8
• Monthly payroll: approximately AED 35,000
• Monthly operating expenses: approximately AED 50,000

All staff are on company visas.

Financials

Turnover in 2019 was AED 2.16 million.

• Last annual turnover recorded: AED 1.2 million
• Margin: around 40%
• Period: last two years

Financial Records

Audited financial statements have been completed.

Additional internal financial checks are still in progress.

Debt

• No debt
• No liabilities

Bookings and Customers

The customer base is international.

There is no walk-in trade.

• Online travel agencies
• Destination management companies
• Hotel partners
• GetYourGuide

Hotel business comes from Downtown Dubai and Palm Jumeirah.

Insurance

Insurance coverage: AED 5 million

Marketing

A new social media team was recently added.

Expansion activity slowed during recent geopolitical market conditions.

Growth

• More marketing activity
• Additional operational staff
• Higher expedition capacity

Further Information

An NDA is required for the remaining details.