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Asking Price: $2,500,000

Marina in Central New Jersey Includes Real Estate

Not Disclosed, NJ
Middlesex County

It is fully owned by a man and his wife since 1965. They are both well into retirement age and they decided to retire after spending so many wonderful years operating this well-known Marina in central New Jersey. No other employees operate the Marina. It has 3 lots and 300 feet of Waterfront property. Most importantly the area if further developing, attracting more area visitors over the next few years. They also anticipate that expansion of the routes for the Seastreak Ferries servicing points in Manhattan, central New Jersey, Nantucket, Martha's Vineyard, and more..On one of the lots there is a two-bedroom house with a basement that contains a Bait Shop. In addition to this Bait Shop, the Marina provides fuel oil for the boats. Both of these money makers are currently leased but an option for a new owner would be to operate as well these as well. In addition, it is possible to add a snack bar, restaurant or an informal bar for marina renters and visitors. This option would easily expand the property’s and business value. In addition, other services such as maintenance and repair are basically performed as an offered service.Two mechanics visit on site for engine repair and provide the owner a percentage of their repair fee. Winter storage is done on a cash basis.People often visit this marina because of its location and access to the Bait shop.Newly paved access has been recent addition. There are a total of 21 slips for boats as small as 22’, 35’, 40’ and couple of slips for larger 50 and 60’ boats. The slip rental rate is $2,000 to $3,000 per boat annually. That brings in $50,000 for slip rental along with $20,000 storage fees done on a cash basis. They do have a crane which when operated they charge $100 to $200.There are no environmental concerns, and the Marina has the appropriate liability insurance as well.In fact, today its business value coupled with the value of the property is significant, with plenty of options to increase its value and service offerings after its sale. Certainly, much could be done to expand the business revenue such as a restaurant, bar, a repair facility perhaps outsourced, other services.The primary driver of marina income is the number of slips available for rental, the size of the boat(s) that the slips can accommodate (bigger are more expensive), and the rental rate for each. To supplement this income, smooth out seasonal variations, and cater to customer needs, marinas have complementary services like gasoline, repairs, maintenance, storage, boat sales, and food. Clearly, these "other" sources of income are also levered to the number of boats in the marina and the popularity of the location 1. Today the Marina, while popular and well situated, could easily expand its limited revenue base. The business value today is an estimate the earnings potential of the Marina for the next few years. For a well-developed Marina and with proactive management of the sites portfolio including the business, the site and the money producing components the typical P/E ratio is extraordinary.

Cash Flow Not Disclosed
Revenue $100,299

Asking Price: $7,300,000

Multi-Disciplinary Civil Engineering Firm For Sale

Not Disclosed, NJ
Middlesex County

Founded more than 20 years ago, this engineering company is a multidisciplinary civil engineering firm, that provides engineering design and consulting services in the disciplines of Geotechnical, Environmental, Site-Civil, Construction Engineering, and Environmental Consulting. They provide services for both public and private sector clients throughout New Jersey, Pennsylvania, and the New York Metropolitan area from their main office in New Jersey and satellite offices in New York & Connecticut. They are an AASHTO accredited & NYSDOB-approved material testing laboratory in New Jersey.The company is a responsive, service-oriented company managed by a dedicated team of registered professional engineers that strive to find cost-effective solutions to any given problem. This business is a minority-owned, quality-conscious enterprise that takes the extra step to obtain variances from regulatory agencies, and its engineers have significant design-build and design-bid-build experience for Environmental Engineering and other specialties.This company currently employs over 40 people. Each project entails organizing employees into self-contained project teams with a senior manager of the firm as team leader. This permits effective flexibility with the efficient application of manpower while maintaining the highest level of professional competence. The owner is actively involved in all projects and is responsible for projects from start to completion.Employees are encouraged to develop professionally and maintain cutting-edge training and knowledge to ensure they are at the top of the industry. They hold degrees in engineering and/or related fields, and many of the engineers hold professional designations, as well. The environmental staff is comprised of individuals with degrees in geology, hydrogeology, and environmental science, including a Certified Industrial Hygienist (CIH), Certified Safety Professional (CSP), and a New Jersey Licensed Site Remediation Professional (LSRP).The firm has been involved in every level of environmental site assessment through remediation. They fully support their professionals with the health and safety training required to work on construction sites and their innovative approach has gained them recognition from their peers in the form of multiple awards up to the Diamond level from ACEC NY.

Cash Flow $1,826,941
Revenue $4,902,000

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