Established Successful Marina

Cape May, NJ
Cape May County

SW New Jersey


Asking Price: Annual Revenue:
$4,475,000 $181,000

Automotive & Boats: Boat Storage and Marinas


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RE: Established Successful Marina Broker: James McGeehan
Owner Financing is Available!
10%

Quick Facts

Asking Price: $4,475,000
Annual Revenue: $181,000
Net Profit: Not Disclosed
Cash Flow: $145,000
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 402256159
Broker Reference #: Not Disclosed

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Business Overview:

Beautiful established Marina with huge growth and expansion potential. Located in beautiful high end Cape May NJ.

This marina needs new management.

for $12,200,000 in 2013 - it's offered today at only $4,475,000

Annual Proforma

Income

Slip Rental Income $ 343,000
Dry Storage Rental $ 33,750
*Service Shop Rental w/ Apt $ 120,000
Fuel Sales- Part Sales Net $ 40,000

total $536,750

Expenses

RE Taxes $ 25,000
Electric $ 7,200
Misc $ 8,000

total $ 40,200

Net Earnings $496,550

* Rent service shop w/ Apt. to a third party

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Large lot size of 45 acres. 20 dry and 25 wet. On-site manager cost you nothing - he runs a bait shop free for the owner. Total number of boat slips 245. 2 weeks of training will be provided as part of the sale.

Market Competition and Expansion:

This marina needs new owner who can do marketing /social media to fill up the slips. Great location with limited competition in the area.

Reason for Selling:

Health

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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