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Rockhold Creek Marina, MD

The Background and Challenge

This marina was very well-managed, so much so that its success was dependent on the seller’s credibility and efforts as well as his contribution to the success of the marina operations. He has been an integral part of its success as a hands-on owner. As a result the marina was not a good fit for an absentee owner. The ideal buyer would be someone who recognized the uniqueness of the location to marine services and sales in the area. SM recommended an exceptionally qualified local buyer with two other marinas in the area. Our team introduced financing, equity, and operational solutions to make the deal work for the buyer.

The Results

Simply Marinas’ marketing resulted in more than 50 interested buyers. The buyer who contracted on the marina was not ready to close until he found a capable operator to ensure the marina’s continued success. Simply Marinas also secured the operator, who entered into a long term lease on the marina.

People are talking ...

“The Simply Marinas’ team facilitated the deal by offering creative solutions in bring- ing together multiple parties to facilitate financing, occupancy and management. Their commitment and flexibility in working with us were admirable.”