Arkansas Marine/Boat Services and Dealers For Sale

Marina, Full Service, Great growth, great profits!FUN AND REWARDING!
$2,995,000 Cash Flow: $436,000
Marina, Full Service, Great growth, great profits!FUN AND REWARDING!

Hot Springs, AR

This marina produced owner's profit in 2017 of $436,000. A fun, low-exertion business with solid income and a very bright future. The best reputation and most customer satisfaction on the entire lake. Income for 2017 was 37% ahead of 2016 and the profit increased 22.7%. In 2018, if another 22% increase is experienced, owner's profit will be over $530,000. Right now is the very best time to buy a marina and have some time to become familiarized with it before the next season begins. Marinas commonly sell for 10X-12X profit but the owner (73) is past ready to retire and has priced this marina at just 6.9X profit making it a truly fine bargain opportunity. The marina is near Hot Springs, AR, one of the leading resort destinations in the country, with over 7 million visitors a year. The marina sale includes assets worth over $3 million consisting of $2 million in appraised real estate, plus inventory, and equipment (FF&E). This is a 100% turnkey business that is easy and fun to own and operate, plus it is financially rewarding both today and in the future from the extraordinary appreciation of waterfront property vs. regular real estate. The assets and income along with excellent financials will definitely make financing this purchase simple and easy. This business benefits from it's many profit centers, unlike lesser marinas that only rent pontoon boats or only rent boat slips and water toys, this is a fully-staffed full- service marina that profits from anything and everything to do with boats. Fully staffed with employees who love their jobs and who are all expected to remain with a new owner. This is a solid business with a great future. 10-11 rental pontoon boats produce over $200,000 in income and there are permits on hand that allow for a total of 21 rental boats. No other marina on this lake has permits add a single new rental boat. And there will never be another marina on this lake. The financials are complete, and all income, expense and profit is clearly shown right on the tax returns. The floor plan is administrated by Wells Fargo bank and is transferable to a new owner. In the busiest season, the owner relies on the great employees and spends only 20-24 hours a week at the marina, and in the slower winter months owner's hours are less than summer hours and are usually none. This is a semi-absentee owner business at present. The business model is super-well organized and although nothing "runs itself" this one comes pretty close. A business clearing over $466,000 in 2017 at a price of $2,995,000 is a rare opportunity. The assets are actually valued at more than the asking price. The successful buyer of this stellar business will have an exceptional credit score, and a high net worth, plus some business experience. If you have an interest in becoming the owner of a first class marina, you must get the full story on this one because there are important benefits and information relating to this opportunity that, because of confidentiality concerns, are available only in the detailed write up, that includes financials and pictures, that may be obtained by emailing hsbroker@aol.com or call Jack Crosby at 501/620-3831 and I will respond promptly. Expect to ok a confidentiality agreement that we will provide to you when you inquire.