Full Service Marina w/ Boat Sales & Service
UNDISCLOSED
| Asking Price: |
Gross: |
Cash Flow: |
| $7,500,000 |
$8,000,000 |
$860,000 |
Furniture and Fixtures Value:
$400,000 (included in the asking price)
Inventory Value:
$2,000,000 ( not included in the asking price)
Real Estate:
$0 (included in the asking price)
Business Summary:
Located on Long Island Sound in Southeast New England, this marina has 175 slips with occupancy rates that exceed 80% and has an award winning boat sales and service operation that derives a ready base of customers from the marina tenants. The marina is situated in a protected harbor adjacent to LI Sound that offers boaters direct access to region's best recreational boating and fishing grounds. Over the last seven years, current owners undertook an extensive capital investment program to upgrade and refurbish all slips and showrooms, bring the operation into full environmental compliance and make it one of the most hospitable and versatile marina's in the Northeast.The real estate is included in the transaction.
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| Year
Business was Established: 1959 |
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| Number of Employees:
25 FT, 3 PT |
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| Facilities / Terms of Lease:
The marina is located on 2.3 acres of land with a 15,000 sf building that has two showrooms, admin office space, and a service area with double high doors and 22 foot high ceilings. The property is used for parking in the summer and boat storage in the winter. All 175 slips have 30 amp shore power, cable TV, WiFi, and fresh water, and can accommodate boats from 17 to 33 feet in length. |
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| Potential
Growth/Expansion:
Several of the local marinas have approached the company to see if they would be interested in purchasing them. There is also enough space on the marina property to create a Rack-Stack operation. Current owners would pursue these opportunities if they were not selling. |
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| Competition:
The marina is the top performing boat and engine dealer for the lines it represents, and its repair and service operation routinely receives the top ratings for customer satisfaction. While it competes with some local and regional dealers, none can claim the same level of high performance and none of the local marinas offer the full range of services that this one does. |
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| Owner
willing to train:
Owners willing to support buyers through a transition. The terms of this support will be negotiated. |
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| Reason for selling:
Owners wish to retire. |
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| REQUEST MORE INFO |
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