Hi Seas Marina, Wisconsin | Great Cap Rate | Price: $1,350,000.00

WI

Hi Seas Marina, Wisconsin | Great Cap Rate | Price: $1,350,000.00
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Asking Price: $1,350,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Hi Seas Marina, Wisconsin | Great Cap Rate | Price: $1,350,000.00

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Business Description

• 240+/- cumulative total inside/outside boat storage & slips
o 65 slips w/ 30A & 50A service, water, WiFi (consistently at full occupancy)
o 25+/- boat capacity (max boat length 46') - On-site inside storage building (consistently at full occupancy)
o 30+/- boat capacity (smaller boats) - Off-site inside storage building (leased) (consistently at full occupancy)
o 120+/- boat capacity - On-site outside storage

• 4.47+/- acres fee simple (land and basin)
• 410+/- ft river frontage
• Fuel Service
• Pump-out
• Slip and storage tenants on annual contracts
• Lift well: capacity for boats up to 60 ft | one 30 ton & one 15 ton Marine Travelift
• Complete marine service facility: hauling, repairs, winterization, re-powering

Local Broker of Record:

Coldwell Banker Mulleady Inc., Realtors Broker
226 Pine Street, PO Box 1029
Eagle River, WI 54521

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Growth & Expansion:
• All slips and inside storage are consistently at full occupancy. • Build additional inside storage building. Inside storage is consistently at full occupancy. • The owner leases an off-site storage building that is full, even without advertising. A new operator could easily rent or buy an additional off-site storage building. • Expand service business by hiring a full-time in-house service technician. Owner turns down many potential service jobs. • Boat sales - expand brokerage or add dealership. Owner currently offers minimal brokerage services; mostly as an amenity to slip and storage tenants. • Perform service during the winter "closed" season. Currently no one is working at the facility during winter. • Introduce winter sport retail/service (snowmobile, ice fishing, etc.).
Reason for Selling:
retirement
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Michelle Ash

Business Listed By:
Michelle Ash

Simply Marinas

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