l-b-ae-165
Profitable 23-Year Marine Equipment Trading Business Supplying the GCC
BoatsBusiness
Dubai, Dubai, United Arab EmiratesEst. 2002
Asking price
AED 1,000,000AED
- Revenue
- AED 248K/mo
- Profit
- AED 14K/mo
- Multiple
- 6.0x
Overview
Profitable marine equipment import and supply company with 23 years of operations, supplying large-scale buyers across the GCC from a Dubai base. Strong client relationships, consistent revenue, and owner retiring.
Products & services
This business imports marine equipment and accessories from European manufacturers and supplies them to large-scale commercial buyers across the GCC (Qatar, Oman, KSA, and the wider UAE). The product range covers marine spare parts, industrial pumps, engines, valves, and related marine supplies. In addition to equipment trading, the company provides maintenance, repair, and upholstery services for vessels. Revenue is generated primarily through B2B product sales to established commercial clients, with supplementary service income from maintenance contracts. The business operates from a 2,500 sq ft warehouse facility in Dubai, with two company-owned delivery vehicles supporting logistics and distribution across the region.
Customers & market
The client base consists exclusively of large-scale commercial buyers across the GCC region — Qatar, Oman, Saudi Arabia, and the wider UAE. The business has built strong, long-term relationships with these clients over 23 years of operation, resulting in a loyal and recurring customer base. The GCC marine equipment market benefits from sustained demand driven by commercial shipping, offshore oil and gas activity, and government maritime infrastructure investment. The company's established import channels from European manufacturers and deep regional client relationships create a significant barrier to entry for new competitors.
Operations & team
The business operates with a lean team of 8 employees: 4 in sales, 1 diver, and 1 office assistant, with the owner and his wife managing accounts and overall operations. The company operates from a 2,500 sq ft warehouse in Dubai, with an annual rent of AED 65,000 paid in 4 cheques. Monthly operating expenses include approximately AED 13,000 in salaries, AED 2,000 for utilities (DEWA), and AED 2,000 for other utilities and miscellaneous costs. The company owns 2 vehicles (approximate combined value AED 30,000) used for deliveries and logistics. The company bank account is active and included in the sale. The business has been operating since 2002 under its current ownership and is fully licensed.
Growth opportunities
Significant growth opportunities exist for a new owner: (1) Expanding the product portfolio by adding new European supplier relationships to capture additional marine equipment categories. (2) Entering new GCC markets such as Bahrain and Kuwait where marine infrastructure investment is growing. (3) Developing an e-commerce or digital ordering platform to streamline the B2B sales process and attract smaller buyers beyond the current large-scale client base. (4) Upselling maintenance and repair services to existing equipment clients who currently only purchase products. (5) Leveraging the 23-year trading history and European supplier relationships to bid on larger government and institutional marine equipment contracts.