Last month we wrote about how to best position your marina for a sale. We touched on addressing deferred maintenance, and identifying any potential expansion or added profit center opportunities. We basically covered the nuts and bolts. This time, we’re delving into...
In our years in the marina brokerage business, the team at Simply Marinas has often been asked by sellers when the best time to sell is. There is no magic month. Instead, we tell sellers to allow plenty of time between making the decision to sell and putting the...
The first week of November ushered in the election of a new President and another interest rate cut by the Federal Reserve. Both actions spurred economists to start looking into the future and making predictions of where the U.S. economy may be heading. Aside from...
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...
