10% CAP/150 Boat Slip Marina/ 100% Occupancy on Boat Slips

Bean Station, TN (Grainger County)

10% CAP/150 Boat Slip Marina/ 100% Occupancy on Boat Slips
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Asking Price: $1,200,000

Cash Flow: $120,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $1,200,000

Inventory: N/A

Real Estate: $1,200,000

Established: 1991

10% CAP/150 Boat Slip Marina/ 100% Occupancy on Boat Slips

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Business Description

Coldwell Banker Marina Group is pleased to present this 150 boat slip Marina ( 50 Covered and 75 Uncovered). The Marina offers these services: Service and Repair, Beer & Food Sales, Pontoon Rentals, Towing Service, Lake Side Service, Fuel Service with room to add value. The add value is expanding the docs and Pontoon rentals. With the ability to expand the docs 50+ slips, a investor with vision can see the true value In increasing the bottom line approximatley 75k a year in extra income.

Hight lights:
* No TVA Lease
* Close proximity to a Express a major expressway
* New Electrical Upgrades completed in 2018
* Floating Patio was built in 2018
* Marina On The Main Channel

Attached Documents


Detailed Information

Location:
Bean Station, TN
Real Estate:
Owned
Included in asking price
Building SF:
850
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Please see attached Documents.
Competition:
Pros: Gas Sales, Marina on the main Channel, easy access, Boat Rentals, No TVA Lease, no over heard. Really Low real estate taxes. Cons: 50 Uncovered slips,
Growth & Expansion:
Pros: Able to add 50+ Slips, Pontoon extra rents, expand the Lake side services, selling of boat lifts to current customers. Cons: Cost of new docks.
Support & Training:
Seller will offer assistance in the transition for a period of time.
Reason for Selling:
Retirement
Business Website:
http://www.facebook.com/lakesidedock/
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Business Location


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Eddy Dingman

Business Listed By:
Eddy Dingman

Coldwell Banker Commercial NRT

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