Leading Ferry Transfer Service in Torres Strait - Major Regional Operator

Description

Business type: passenger ferry and transport services

Location: Thursday Island and Horn Island, Queensland

Trading history: 28 years

Operating model: scheduled ferry services, water taxi charters and land transport

Trading days: 7 days per week

Asking price: offers circa $4.5 million

Business overview

Established passenger transport business servicing the Torres Strait region, with ferry connections between Thursday Island and Horn Island.

Regional market position: described by the seller as the dominant transport operator

Revenue performance: significant growth reported over the past 2 years

Passenger volumes: consistently high on scheduled ferry services

Services

• Scheduled passenger ferry services between Thursday Island and Horn Island
• Transport connections to Horn Island Airport
• School ferry services between Thursday Island and Hammond Island
• Charter water taxi services outside scheduled ferry timetables
• Associated land transport services

Fleet and assets

Fleet: modern commercial ferries and land transport assets

Passenger transport infrastructure: established

Operations

Thursday Island–Horn Island ferry route: operates 7 days per week

Airport connections: services passengers travelling between the Torres Strait and mainland Australian destinations

Charter services: available outside regular ferry schedules

Growth opportunities

Further service expansion opportunities are anticipated by the seller in the coming years.

Reason for sale

Owners retiring after 28 years of operating and developing the business.

Sale and enquiries

Price expectation: offers circa $4.5 million

Information Memorandum: available to qualified buyers

Confidentiality requirement: signed Non-Disclosure Agreement (NDA)