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Full Service Marina
Location: United States -> Michigan
Industry: Entertainment and Leisure > Other Entertainment and Leisure

Business Summary

All-inclusive with real property! Located on the Western Shoreline of Lake Michigan, this listing offers a full-service marina. The facilities are capable of serving any size watercraft. The full-service gated marina has seasonal packages for long and short term slip rentals. Storage services include summer dry dock, indoor or outdoor winter storage and boat trailer storage. They also offer boat repairs, fueling, and launching services. With property in excellent condition, the company is also known for using the scenic setting of the marina for hosting special events such as birthday parties, weddings, class reunions, and family gatherings. The sale includes a 7.1-acre property with five buildings, totaling 100,000 square feet of working space, which is company owned.

The company has a proven track record, supported by its longstanding reputation. With its broad range of services, marketing efforts focus on targeting local boat owners primarily through radio and internet. Despite limited marketing efforts, sales have been steadily increasing over the past three years, due to improved quality of work, better economy, and word-of-mouth referrals. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Asking $4,000,000.00. Included in the sale! The 7.1-acre waterfront property has five unique facilities totaling 100,000 square feet of operation space. The facilities include 800 square feet of office space, a large warehouse for boat storage, a bathhouse and laundromat, a pergola, floating and stationary docks, a fish cleaning station, parking for visitors, and Wi-Fi internet access. For boat owners, there are 90 slips to accommodate boats of all sizes. Slips are equipped with power, water, cable TV, and are handicap accessible


Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $810,000
Cash Flow:   $180,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $240,000
Seller Financing:  Yes

About The Business

Year Established:  1986
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  While the owner is approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason For Selling:  Approaching retirement


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Full Service Marina Photo 1

Print Listing Id: 700275696
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