UAE Dive Center for Sale in Tourist Hotspot
United Arab Emirates > East Coast > Khor Fakkan
Asking Price: 50,000 USD
Cash Flow: Available on request
Sales Revenue: Available on request
Description:
As the only resort-based diving center in Khor Fakkan, UAE, our dive center offers immense potential for buyers seeking an existing customer base, exclusive resort access, and foothold in one of the UAE’s fastest growing tourist destinations. Named “Best Arab Tourist City” in 2023 at ITB Berlin, Khor Fakkan offers buyers access to a growing tourist and residential market, including at a luxury residential and hotel complex soon to launch on-site. The city is a 1-hour drive from Sharjah, 1 hour and 30 minutes away from Dubai, and 2 hours and 30 minutes from Abu Dhabi, with customers coming from all around the country to experience the UAE’s best diving with clear waters, vibrant marine life, and healthy reefs. Our dive center is a turnkey operation open 7 days per week with two full-time staff members, and the buyer can continue operating without pause. 2 years remaining on the renewable lease with the hotel. All necessary staff, licensing, and physical assets are already in place, so the buyer can choose to remain off-site while managerial staff run the operation. Staff speak English, Arabic, Russian, and Hindi and cater to a wide multinational customer base. In addition to our on-site reef, all dive sites are located a 5-10 minutes’ boat trip away, and include a local wreck, deep coral garden, island reef, local reef with a swim-through, bay site, underwater rock formation site, and more. Boat rental is handled on a per-trip basis and works out to be more affordable than a fixed monthly rental, though many monthly boat rentals are available in the area. The dive center has the potential to be affiliated with PADI, SSI, NAUI, or any other agency the buyer chooses. While the center predominantly runs PADI courses and offerings, it is not currently tied to an agency. The center features a main welcome area, classroom, storage room, Bauer compressor + gear hanging room, outdoor patio, gear rinsing area, on-site hotel pool for training, and on-site reef diving area. Additional features include accessible bathrooms, free on-site parking, and hotel restaurants, and we are located on the main Corniche road of Khor Fakkan, just a 2-10 minutes’ drive away from nearly all residents in the area. All of our 115 reviews on Google are 5-star, and many customers come as referrals by word of mouth or discover the dive center through our active presence on Instagram. The center also maintains a website where customers can pre-book and pay for activities online. While existing stock has been valued at over $81,000, the current owner seeks to sell at a lower price due to an upcoming move outside the country. Physical assets include: • Dive center structure (physical building located at the hotel) • Dive equipment (BCDs, regulators, 20+ tanks, masks, fins, wetsuits, etc.) • Bauer compressor • Retail items (shirts, snorkeling kits, fins for sale, accessories, etc.) • Dive center furniture and decor (recently remodeled in January 2024) Digital assets include: • Dive center phone number and business WhatsApp • Dive center website • Website hosting and server • Instagram page - Approx. 900 followers • Customer database • Accounts on TripAdvisor, GetYourGuide • All digital files used for advertising (promotional video, English/Arabic/Russian flyers, brochure, design templates, etc.) While operating the center, owner pays 0% tax on taxable income up to and including AED 375,000 (approximately $102,000) yearly. UAE trade license is renewable yearly, and staff visas are renewable every 2 years.
Reason for Selling:
Owner is moving to another country
Expansion Opportunities:
-With a luxury residential and hotel complex soon launching on the adjoining beach, the buyer can expect an influx of tourists, residents, and short-term and returning customers. We are the only resort-based dive center in Khor Fakkan and have reached a tentative agreement with the hotel to expand to the new complex if desired.
-Advertising the center’s dive and snorkeling offerings through Google Ads, Facebook Ads, and Instagram Ads promises immediate impact. With no advertising budget set, the dive center still covers expenses, indicating that any investment in advertising is expected to reap significant returns.
-Partnering with numerous local schools, tour operators, interest groups, and companies
Offered Support for the new owner:
Two months of support as required to advise on business operations, social media, regulatory needs, etc
