AVNI
Industry:
Consumer Services

DESCRIPTION

Arvana is a small public holding company whose sole operating business is Down2Fish, a fishing charter company based in Palmetto, Florida. Down2Fish offers four types of charters on the Florida Gulf Coast: inshore/coastal trips targeting species like snook and tarpon, offshore deep-sea trips up to 80 miles out targeting grouper and mahi mahi, sightseeing tours of local waterways, and custom charters for events like weddings and corporate outings. The company serves the Tampa Bay area and surrounding markets including St. Petersburg, Sarasota, and Clearwater. Down2Fish sells bookings through third-party platforms like FareHarbor, Travelocity, and Fishing Booker, as well as through its own website and social media. Revenue is driven by the number of charters completed and the mix of charter types. The business operates from a single private dock with a small fleet, making it a very small-scale operation. The business is inherently seasonal, weather-dependent, and constrained by fleet size. Down2Fish's reliance on third-party booking platforms puts it at a cost disadvantage relative to competitors with direct booking capabilities. Arvana is also exploring an unrelated opportunity to acquire FirstShot Centers, a concept focused on repurposing vacant retail properties, though no definitive agreement has been reached.

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