Scuba repair listed for sale

[ColoDale]

Looks like Scuba Repair is up for sale. $1,7000,000 USD. Business Opportunities - Karen Cozumel Real Estate Mexico

 

[ReefHound]

My concern there - not that I have $1.7M to invest - is that it seems extremely dependent on one guy, Javier. I've been using them for repairs and reg service. Usually 1-2 days turnaround but last year it was going to take 10 days because he was going on vacation. And well deserved but it shows they have no one else to do the work should he retire or get hit by a bus.

I've been going to Coz for 20 years and only discovered this place about 5 years ago. They really don't market themselves at all. I could see potential for significantly more business if the average tourist knew they could get serve and repairs done much faster and less expensive than back home. But there would have to be competent techs to do the work. Javier is overloaded as it is. Every time I've been there he has been busy with a repair or rebuild. I've never seen anyone helping him.

 

[lionfish-eater]

My concern there - not that I have $1.7M to invest - is that it seems extremely dependent on one guy, Javier. I've been using them for repairs and reg service. Usually 1-2 days turnaround but last year it was going to take 10 days because he was going on vacation. And well deserved but it shows they have no one else to do the work should he retire or get hit by a bus.

I've been going to Coz for 20 years and only discovered this place about 5 years ago. They really don't market themselves at all. I could see potential for significantly more business if the average tourist knew they could get serve and repairs done much faster and less expensive than back home. But there would have to be competent techs to do the work. Javier is overloaded as it is. Every time I've been there he has been busy with a repair or rebuild. I've never seen anyone helping him.

I have been in the shop a few times when a woman was working with him. He introduced her, but I don't remember if she is his wife or daughter.

 

[ColoDale]

I have been in the shop a few times when a woman was working with him. He introduced her, but I don't remember if she is his wife or daughter.

It's his daughter. She was training/helping for repair. She is still there and also runs the register.

 

[BRT]

My concern there - not that I have $1.7M to invest - is that it seems extremely dependent on one guy, Javier. I've been using them for repairs and reg service. Usually 1-2 days turnaround but last year it was going to take 10 days because he was going on vacation. And well deserved but it shows they have no one else to do the work should he retire or get hit by a bus.

I've been going to Coz for 20 years and only discovered this place about 5 years ago. They really don't market themselves at all. I could see potential for significantly more business if the average tourist knew they could get serve and repairs done much faster and less expensive than back home. But there would have to be competent techs to do the work. Javier is overloaded as it is. Every time I've been there he has been busy with a repair or rebuild. I've never seen anyone helping him.

If money is worth anything 5% would require $233 of interest 365 days of the year. Better do a couple of reg overhauls every day above what you need to live on.

 

[BoundForElsewhere]

if you could just convert it to an airbnb....

 

[JFS]

I have been in the shop a few times when a woman was working with him. He introduced her, but I don't remember if she is his wife or daughter.

Aby is Javier's daughter.

 

[ReefHound]

If money is worth anything 5% would require $233 of interest 365 days of the year. Better do a couple of reg overhauls every day above what you need to live on.

I have no idea what you just said. I think maybe you're comparing the ROI of $1.7M invested in a CD versus operating income? But presumably the valuation of the business will increase.

 

[gopbroek]

I hope it continues as a business. A lot of folks depend on them for secure storage of dive gear and bikes in addition to the repair and overhaul services.

 

[DandyDon]

I have no idea what you just said. I think maybe you're comparing the ROI of $1.7M invested in a CD versus operating income? But presumably the valuation of the business will increase.

I don't see how it could be worth over a million USD?