When we work with potential buyers of marinas, we make sure they understand that a marina is more than just a place to store boats. It is a complex business that can combine hospitality, service, and, yes, storage. For today’s boater, the more service and hospitality...
There is a trifecta in place right now guiding the boom in marina sales. First, according to Marina Dock Age magazine’s annual survey, the average length of time that marina owners and operators have been in place is rather high with about 64% having been at the...
If you follow the marina industry at all you may have noticed that marinas are changing hands at breakneck speed. Where once investors shied away from a business that has many facets and, to some, can be just plain hard to understand, now they are lining up to get...
The U.S. Federal Reserve increased the federal funds interest rate yesterday by a quarter-percentage point to 0.25-0.50 percent. It is the first increase in the lending rate since 2018. “Inflation remains elevated, reflecting supply and demand imbalances related to...
Marina sales are booming. As the pandemic hit and forced people to socially distance themselves from friends, avoid crowds, and more or less shelter in place, many found that much needed escape on the water. In response, boat sales have skyrocketed and new...
