Stewart Marine, Harts Boatyard, Surbiton, Surrey, KT6 4HJ

Established in 1853, Harts is the oldest boatyard in surrey and is in a glorious position on the River Thames,
opposite Bushy Park and Hampton Court Palace. Stewart Marine is an owner managed Marina on the first non tidal stretch of the River Thames. It is also known as Harts Boatyard and offers residential moorings, leisure moorings, an electric hire boat fleet, boatbuilding, maintenance services and boat sales.

The current business has operated on the site since 1985 and owns the freehold of the land adjacent to the residential moorings and has a long established lease from Mitchell and Butler for the boathouses and frontage.

In 2007 the mooring were refurbished and new floating pontoons fitted. At that time we started building widebeam canal boats for the residential market. Since then the company has built over forty 57-60ft canal boats. The last was delivered in October last year. Close to all of the wide beam residential boats at Harts boatyard were built on site by our team.

Since covid, the River Thames has become a very popular leisure amenity and to cater for this
we have established two new fleets of electric hire boats, one at Harts Boatyard and one at The Mitre Hotel Hampton court. We also have a classic 1897 Gentleman’s launch called ‘Em’ which is very popular for weddings, anniversaries and corporate days, this vessel operates between both sites. We have full workshop facilities in our boathouse and undertake all types of repairs, refurbishments and can build new boats to order. We currently have 16 widebeam canal boats on the moorings 13 of which are residential. There are also a number of smaller leisure
moorings and the total income from the mooring exceeds £200,000.

We have an established Sales and brokerage side catering for boats on the mooring and the general public. Check our websites for further details. The company owns a large houseboat that can be used for staff accommodation, as a sales office or can be a rented air B&B.

Harts boat yard is situated on a prime site, a mile upstream from the bridge at Kingston upon Thames and opposite the open parkland of Hampton court palace grounds. It is a short walk to Surbiton mainline station.

The recently added second boat hire venue at the Mitre has not reached full maturity, leaving room for further growth in turnover.

The house-boat could be rented out on Air B&B. House-boat could be sold making room for two further wide-beam
moorings at approx £13,000 per annum per mooring.

Boat sales and brokerage has good potential for growth with residential moorings attracting 10% transfer fee and 4% brokerage fee.

The majority of our staff are seasonal hire boat shore crew and duty managers who are
based on zero hour contracts. The most recent trading period ending 31 June 2023 shows an annual wage bill of around £100,000.

Staff will transfer with the business under TUPE rules.

See dataroom for all financial information

Summer - Weekdays 8:30am -7pm / Weekends 8:30am - 8pm
Winter - Weekdays 8:30am -5:30pm / Weekends No Opening

The current business has operated on the site since 1985 and owns the freehold of the land adjacent to the residential moorings and has a long established lease from Mitchell and Butler for the boathouse and frontage.

Business rates payable are £15,469 per annum. A retail, hospitality and leisure discount can be applied which reduces the figure by £9898.91 and a transitional relief discount that reduces the figure by a further £2270.45.

The actual business rate figure post discounts comes to £3299.64 per annum.