#Japan #Okayama #Kurashiki #TRANBI #Peach Marina

Future Directions for Okayama's Marina Business

Introduction to TRANBI's Initiative

The renowned business succession and M&A matching platform, TRANBI, operated by Tranbi Co., Ltd. based in Minato, Tokyo, has recently launched a new initiative aimed at supporting the marina business in Okayama. This remarkable move involves Peach Marina, a local marina run by AMG Co., Ltd. in Kurashiki City, which is now actively seeking successors through an open-name publication. This program not only signifies a proactive approach to succession but also demonstrates a significant effort to keep local businesses thriving in the region.

Background of Peach Marina

Peach Marina has established itself as a pillar in the community, offering services to affluent clientele owning pleasure boats and cruisers. The marina’s operations include boat storage, management, and repair services, essential for maintaining the health of marine vessels. Ideally nestled in an area with minimal competition, Peach Marina boasts an impressive track record of over 20 years, achieving a high customer retention rate with approximately 30 repeat clients. This stable clientele generates annual contracts ranging from 200,000 to 900,000 yen, ensuring a predictable revenue stream for the marina's operations.

The marina does not merely serve as a storage facility; it has developed a robust infrastructure for repairs and maintenance, receiving high acclaim as a comprehensive marina within the local domain. Furthermore, the current owner has cultivated a vast network through various engagements, including boat racing, which has solidified the business's foundation. With the nature of the business incurring ongoing maintenance costs, Peach Marina represents a sustainable model with high potential for continuous revenue.

The Succession Scheme

The transition involves a share transfer mechanism, where the ownership of the marina, along with its surrounding land, buildings, and facilities, will be passed down to the new successor. The underlying rationale for this transfer is the absence of a successor in the current ownership structure, prompting the need for a structured succession plan.

In order to facilitate this process, the collaboration between TRANBI and Mizushima Shinkin Bank plays a pivotal role. Since 2018, both entities have been cooperating on initiatives aimed at business succession support within the region. As the national focus on generational turnover among business owners intensifies, the partnership has been cemented further in this post-COVID era.

Strengthening Community Connections

This initiative represents the second case of openly published successor searches in partnership with Mizushima Shinkin Bank, following a successful handover of a traditional udon restaurant, Furudakian. By broadening the opportunities for real business succession within the local region, TRANBI and Mizushima Shinkin Bank aim to foster significant connections between seasoned businesses and potential successors.

Mizushima Shinkin Bank, established in 1950, has developed trust and community roots in the area. With 16 branches, it provides comprehensive financial services centered around the Kurashiki area. With the leadership of Hiroyuki Yokomizo, the bank is committed to supporting local enterprises through various initiatives.

About TRANBI

TRANBI stands at the forefront of the business succession arena in Japan, having launched in 2011 as the nation’s first dedicated M&A matching platform. The service provides an interactive online space for business owners looking to transfer their businesses and individuals seeking to acquire new ventures. The platform encourages participation from a diverse group of individuals, irrespective of their business size or industry.

Upon accessing TRANBI, sellers benefit from anonymous project publishing and ongoing support, while buyers can explore and negotiate for businesses that align with their criteria. Additionally, TRANBI’s collaborative efforts with banks, municipalities, and local support centers enhance the visibility and feasibility of small-scale M&A transactions.

In 2021, TRANBI revolutionized its pricing model by transitioning to a flat monthly fee system, eliminating commission-based charges typically associated with M&A transactions. This development makes it easier for small-medium enterprises and individual users to engage in M&A activities. With the goal of connecting and expanding the M&A community, TRANBI aims to achieve over 200,000 registered users by 2025.

Conclusion

As TRANBI continues its vital work in business succession support, it reaffirms its commitment to enhancing local economies and fostering meaningful partnerships. For those interested in exploring the unique story and operations of Peach Marina, TRANBI encourages reaching out through the official website, ensuring every inquiry is met with the proper care and attention it deserves.

For further information, please visit the TRANBI website: TRANBI