Business For Sale

Recreation: Outdoor


100 + slip marina on 5.8 acres, 1200 ft frontage

Kingston, Ulster County, NY

Asking Price: Annual Revenue:
$2,800,000 $350,000

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RE: 100 + slip marina on 5.8 acres, 1200 ft frontage Broker: Michael Bernholz, Broker
Owner Financing is Available!
20% down to qualified buyer 10 year balloon

*Get Prequalified for small business financing from Guidant Financial. Get Started Now.

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $350,000
Net Profit: $225,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1960
Employees: 3
Listing Number: 33031832

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Business Overview:

100 wet slips, 160 winter storage, 1200 ft of water frontage, electric and water to all slips,35 ton open travel lift and deep well plus launch ramp,100 car parking, office,two ranch homes, laundry room and apt. two men's and woman's bathrooms with showers, close proximity to the Hudson River and walking distance to Restaurants and Shopping all on 5.8 level acres with 470 ft of town road frontage for future development. Huge upside for someone to do repairs and sales...current income is from rentals only!

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Property Features and Assets:

Two Ranch home rentals, apt. above laundry room, two bathroom facilities, office, shop, 35 x 85 barn with 16 ft ceilings could be great workshop currently used for storage, additional storage buildings. Property has 1200 feet of bulkhead. 5.8 acres of level land is available for parking and winter storage. New public walkway direct access to restaurants and shopping.

Market Competition and Expansion:

Selling based on rental numbers only....Marina has not engaged in repairs, canvas shop, shrink wrap, boat sales or rentals...has been run as strictly water and land storage...Huge upside for operator who is looking to increase income with additional related marina services.

Reason for Selling:

Retiring

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.

Resources:

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