Business For Sale

Marina with Waterfront Property to Develop

Not Disclosed, MI

On one of the Great Lakes


Asking Price: Annual Revenue:
Not Disclosed $2,500,000

Recreation: Marinas & Boating


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RE: Marina with Waterfront Property to Develop Broker: Dawn Drozd

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,500,000
Net Profit: Not Disclosed
Cash Flow: $275,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,300,000
Year Established: 1977
Employees: 8
BBN Listing #: 652023188
Broker Reference #: RA136

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Business Overview:

This Midwest deep water access marina is located on one of the Great Lakes within 90 miles of a major metropolitan area with property development opportunity.

The Company is a full-service marina offering dockage and boat storage (including some heated) for approximately 150 boats up to 70 feet in length and 50-ton capacity that has been in service for over 40 years. They have a dealership with 3 major boat brands, a full marine service department, haul out facilities, restaurant, ice-cream shop and retail store on the premises.

The operation includes 5 commercial buildings and approximately 10 acres of land (including over 300 linear feet of waterfront) which can be developed into condominiums or a hotel.

Their annual dockage renewal rate is nearly 90% with clients staying an average of ten years. The inside heated storage has had a waiting list for the past 3 years. The Company has solid staff in place and an opportunity to add more services. This is an excellent opportunity for an investor or entrepreneur.

Revenue: $2,494,000
EBITDA: $275,600

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Property Features and Assets:

The marina is located on the Great Lakes offering deep water access and is close to a major metropolitan area. It includes 5 commercial buildings on 10-15 acres.

Market Competition and Expansion:

There is enough land to build a hotel or condominium building allowing the marina to grow through a more resort-style business model. In addition, the service department could be expanded offering additional services and additional boat line franchises could be brought in to sell including more personal watercraft. There may also be opportunities to capitalize on the growing “Airbnb” model by renting rooms on boats. The marina could also be used as a landlord operation by leasing out each area to a tenant for operation.

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.

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