Mike Milligan

Kailua-Kona, HI (USA)
Role(s):

Torpedo Tours

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Location: Kailua-Kona
Industry: Recreation
Year Founded: 1998
Number Employees: INVALID
Description: Succesful 6 passenger dive boat expanding to an 18 passenger dive boat. Exclusive Hawaii dealer and operator for Torpedo Inc. The operation has focused on scuba diving but wants to tap into a lucrative snorkeling market. The product is proven and future franchise opportunities in Hawaii are available. Current 6 passenger boat pulls over $150,000 per year. We have an opportunity to purchase an 18 passenger turn key vessel/corporation that will more than double our revenue with minimal increase in overhead. The corporation also holds a premier spot in Honokohau Marina in Hawaii. The asking price for the boat and slip is $295,000.(boat 125k/slip 170k) Simialar slips on neighbor islands are listed at 350k. We have up to $130,000 but we wish to hold onto operating capital until we