Profitable Marina and Storage Facility

KY

aerial of marina
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Asking Price: $4,200,000

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

Profitable Marina and Storage Facility

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Business Description

• Income sources include
o wet slips - 185 (annual and transient rental) - 100% occupancy
o new storage buildings - 66 units (50 are boat storage units) - 100%occupancy
o outside trailered boat storage spaces for approximately 30 boats
o boat rental fleet
o popular fee-based launch ramp - double wide
o successful restaurant & ships store - 2,113+/- sq ft floating building
o lodging - 2 floating cabins
o fuel dock selling non-ethanol fuel
• The asset sits on a total of 11 fee simple acres: 7 for the marina + 4 for the dry storage (no lease fee on the submerged land).

Detailed Information

Real Estate:
Owned
Building SF:
20,000
Facilities:
No deferred maintenance. Recently built docks and storage buildings
Competition:
Consistently at or near full occupancy
Growth & Expansion:
• Strong cash flow and reliable NOI • Construct additional dry storage units - currently and historically at full occupancy • Construct additional wet slips - currently and historically at full occupancy • Additionally available vacant land adjacent to the dry storage parcel • Short 12 week season, requiring little to no attention during the closed season.
Support & Training:
negotiable
Reason for Selling:
retirement
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Michelle Ash

Business Listed By:
Michelle Ash

Simply Marinas

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