If you enjoy the boating life and being around beautiful waterscape, you have just discovered your dream business. This 7-decade old business is established yet growing, successful but has an expanding customer base, and very profitable but with upside opportunity. And that’s just the beginning of this excellent offering. This business is situated in one of the largest, wealthiest, and growing boating communities in the Mid-Atlantic Region with a water-front marina address within minutes from the Chesapeake Bay. This full-spectrum marine business generated almost $8 million in revenue in 2019 and features no less than nine different profit centers, including:
Marina – a bustling 59-slip marina located on a commercially-rated waterway featuring lighted, deep channel water depths. The marina has the capability to dock large yachts.
Top-Tier New Boat Dealer – this business has an exclusive sales and service agreement with one of the most desired, respected, and popular global boating brands.
Marine Motor Sales – this business represents two of the most well-known and recognized marine motoring brand names.
Parts and Service – a fully-stocked parts and service operation capable of housing a 42’ vessel under roof, including the equipment required to move boats from water to workshop and back. Given its prime location, the business can offer “drive-up” diagnostics, in-water testing, and can also serve and access many other boating locations within a very short distance – by land or water.
Boat Reconditioning & Storage – a full range of repair and maintenance programs to keep boats serviced and stored when not in use.
Pre-Owned Boats and Motors – marketing and selling a full line-up of pre-owned marine products.
Convenience Store – from boating supplies to sun-screen to ice cream to accessories
Marine Fuel Station – features a complete large-tank capacity of marine fuel offerings (with fast re-supply capability near by).
Rental Accommodations – there are two housing options located on the property which add supplemental revenue opportunities.
This business has it all … a profitable, highly diversified business model, well-known, established brand equity, loyal, growing customer base, trained, professional staff, and world-class quality, award-winning boat and marine products. And after the boat is docked, only minutes away is a charming, bustling, and thriving downtown area loaded with eateries, family activities, and special events.
As evidenced by over 100% revenue growth since 2015, this business is located in a booming community with highly-desirable demographics, amenities, and traffic counts. Hurry … this excellent boating dealership and marina business will not last long.
This offering includes 6 real estate parcels (5 water-front) totaling 6.5 acres. The business site (5 parcels covering 1.8 acres) includes a boat dealership sales office with conference/training room, parts storage and service workshop, marina convenience store, salt water pool, marina customer lounge, patio, customer washrooms, 1 bedroom apartment, and 4 bedroom residence. Three of the five sites are utilized for boat inventory and storage. The marina currently has 30 floating slips and 29 fixed slips. In addition to the marina property, there is an undeveloped commercial property totaling 4.7 acres. All of the properties are included as part of the overall business offering.
The seller has identified several strategic growth options available to a motivated new buyer and these are outlined in the confidential prospectus and marketing materials.
The Mid-Atlantic Region represents 12.6% of the boat dealerships and 22.3% of the marinas in the USA. Based on population, the Region is under-represented in terms of boat dealers but over-represented on marina establishments -- a clear sign that boating is a popular recreational activity. In this specific area, there are a few important barriers which insulate the business from competitive pressures: 1) There is not another full-scale marina present in the locality (especially offering fuel services); 2) There is a protected sales territory from the boat manufacturer that is represented, 3) The location features an attractive, nearby downtown area which draws boating traffic to the marina. 4) Several neighboring marinas have recently closed due to owner retirements which is fueling new conquest business opportunities.
Retirement and Relocation.
Will train for 2 weeks @ no cost This business has a diversified array of revenue streams all centered around the boating life and offering a full spectrum of marine-oriented services: · Boat Sales & Service – New and Used · Parts, Service & Marine Accessories · Marina Slip Rentals · Marina Supplies and Fuel · Boat Reconditioning and Long-Term Storage · Rental Accommodations The boat and marine motor manufacturers offer product training and the business conducts formal training sessions and certifications for operating the heavy equipment to transfer boats from sea to shop. The business is marine certified for all of its product lines, fuel storage tank certified, saltwater weigh-in station certified, and has earned Active Captain First Choice and State Clean Marina designations.