Refine/Revise Search
Asking Price: $1,990,000

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.

Read More
Cash Flow Not Disclosed
Revenue $100,299

Asking Price: $499,000

Hotel Construction Opportunity in Villa Rica, GA!

Villa Rica, GA
Carroll County

Seller is willing to sign a contract with a rezoning contingency! Seller has connections with the County!The 1-acre parcel is located North adjacent to the gas station.The 2-acre parcel is located North adjacent of the 1-acre parcel.Two Commercial Properties off Hwy-61 in Villa Rica, GA totaling 3 acres!Properties are zoned Heavy Commercial (C-H) which includes hotel/motels in the permitted uses!Rezoning Contingency OK!Additional permitted uses included Tobacco Stores, Restaurants, Bars, Taverns, and Dry-Cleaning!One Commercial property is 1 acre and the other is 2 acres! Buy one or both!40 minutes from Atlanta, GA!Near Tanner Medical Center.2 miles from a mixed-use development that will include multiple stores and restaurants, along with 255 townhomes and 208 apartments.3 miles from 192-unit development and a proposed rental community will offer 100 rental units.3 miles from apartment complexes like The Legacy at Walton Trail, Hawthorne at Mirror Lake, Villa Rica Lofts, Arbor Bend Apartments, and Willow Creek Apartments.4 miles from Villa Rica Elementary School with over 475 students, Glanton-Hindsman Elementary School with 700 students, and Mirror Lake Elementary School with over 532 students.5 miles from a mixed-use development project plans include townhomes, single-family homes, a senior living and assisted living community, a fitness center, chapel, and amphitheater and a 230-acre mixed-use project consisting of 525 residential units and 250 senior living.Average traffic count of 12,800 vehicles passing by the property each day!Population is increasing by an extremely high 6% every year!Asking Price for the 1-acre parcel: $199,000!Asking Price for the 2-acre parcel: $349,000!Combined Asking Price for all 3 acres is discounted at $499,000!If interested, please contact us anytime with your e-mail, full name and best contact number using reply to this ad button.

Read More
Cash Flow Not Disclosed
Revenue Not Disclosed

loading...
TOP â–²
Add Businesses and/or Franchises
To Basket For Free Information

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.