Gross Revenue: $4,000,000

Cash Flow: $700,000

• Weddings, Holiday/Special Events and Social Gatherings
• Corporate Functions, Business Meetings and Conventions
• Moonlight Cruises, Sightseeing Tours and Champagne Brunches
• Proms, Graduations, School Field Trips, Day Care Centers and Camps

Started in 1982 and ideally located in a major city on the east coast of the United States, the company provides chartered tours, which include receptions, corporate entertaining, dockside events, and meetings. Services offered to the public include lunches, dinners, moonlight tours, and sight seeing tours. Entertainment, food and beverage (including alcoholic beverages) service is available on all of the cruises. The company has a first class fleet of boats that were recently appraised for $7,125,000.

The company has an excellent reputation in the market place. The company has 20 years remaining on its lease in a prime location and there is no other cruise business with a lease nearby. Fiscal Year 2005 Normalized Cash Flow was over $700,000. Management believes Fiscal Year 2006 revenue and profitability will exceed Fiscal Year 2005 numbers. The company has 25 seasoned full time employees including a general manager with more than 16 years of experience and approximately 100 part time employees.

Year Established: 1982

Employees: 25 full time - 100 part time

Facilities: The company is ideally located in a major city on the east coast of the United States. It has a 20 year lease and a first class fleet of boats that were recently appraised for $7,125,000

Management Training and Support: The owners are willing to stay on for a reasonable period of time to provide a smooth transition.

Reason For Selling: One of the owners is looking to retire. The other owner wants to pursue other ventures. The owners are seeking the most attractive offer and are willing to entertain varying financial and legal structures.