Blog
Start Planning Early to Put Your Marina on the Market
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...
Shrinking Interest Rate May Boost Marina Sales
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...
Strong Interest in Marina Acquisitions Continues – Valuations Change
Strong Interest in Marina Acquisitions Continues – Valuations Change: 2022 Going into 2023 The Simply Marinas team has hit the ground running in 2023 and seeing continued strong interest in...
Factoring In Regional Differences When Buying a Marina
There are a host of unique aspects to consider when deciding in which region you’d like to buy a marina. Operations, income and upside all play a deciding role, but factors like seasonality, type of...
The Role of Amenities in Boosting the Marina’s Income
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,...
Preliminary Steps to Selling Your Marina
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...
Why Marinas Have Been Attractive Investments
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,...
U.S. Federal Reserve Raises Key Interest Rate
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...
Marina Sales Hit New Highs
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...
White House Announces $14 Billion Investment in America’s Ports and Waterway Infrastructure
The White House announced this week it will invest more than $14 billion in funding from the bipartisan Infrastructure Investment and Jobs act, signed into law in November of last year, in fiscal...