Listing Details : LB-16998

Asking Price 4 Crs
Turnover 1.3 Crs
Legal Entity Private Limited
Category Services
Sub Category Other Services
Business Listed By Business Owner

Overview

A well-established tugboat operation based in Bhavnagar is now being offered for sale. The business specializes in providing critical maritime support services, including assisting large vessels with docking, undocking, maneuvering, and navigating through ports, harbors, and busy waterways. In addition to tugboat operations, the company is also active in brokerage services for demolition ship vessels, further expanding its presence in the maritime sector. The day-to-day operations are handled by a small, skilled team of 3 to 4 employees who ensure smooth and efficient service delivery. The business currently holds total assets valued at approximately ₹4 crores, primarily consisting of a fully operational tugboat. Due to plans to pursue a new venture in a different industry, the current owners are looking to exit this business. This presents a valuable opportunity for individuals or companies with interest or experience in maritime services to acquire a functioning operation with a solid foundation and assets in place.

Year of Establishment

2021

No. of Employees

10

Current Status of Business

Running

Business Relocatable

Yes

Property Type

Leased

Rental per Month

N.A

Describe Property

N.A

Competition / Market

Yes, very few

Products & Services

Tug business include brokerage for demolition vessel

Growth Potential

High Growth

Reason For Sale

Personal reasons

Financial Details

Contact Business