Marina for Sale: Midwest Restaurant, Bar, Marina and Development Land – Offering ID: MO173
Overview
This is a rare opportunity to acquire a new construction restaurant, bar and marina, with excess land for development. The property is located in one of the regions most popular lake recreation destinations.
The offering includes a popular 300-seat waterfront restaurant with a floating gas dock/convenience store and courtesy dockage for 63 boats and PWC. The well-maintained improvements and floating docks are like new, having been built in 2020. The property includes approximately 3 acres of land with great expansion potential.
Simply Marinas and Graymeadow, LLC are pleased to exclusively offer this incredible acquisition opportunity.
There is tremendous upside potential through development and expansion. The bustling energy and scale of this offering must be seen to be believed.
Broker of Record: Graymeadow, LLC / Gray Meadow Real Estate Services, LLC
rdietz@graymeadow.com
1161 Hearthstone Way, Athens GA 30606
phone: (239) 872-1220
in association with
Cooperating Broker: Simply Marinas
4000 Ponce De Leon Blvd, Suite 479, Coral Gables, FL 33146
George.Ash@SimplyMarinas.com
phone: (352) 262-5784
Highlights
- Popular bar and restaurant with seating for approximately 300 people in and out and courtesy dockage for 61 boats and PWC
- High volume bar and restaurant, in pristine condition.
- Average annual sales of more than $1.3mm
- Average F&B sales breakdown
- 35% Beverage / 65% Food
- Built in 2020
- Roll-up, garage-style glass doors open the entire dining room to the waterfront patio
- Full kitchen with exhaust hood
- 2 bars areas
- Covered stage area
- Courtesy Docks with gas dock and floating convenience store
- One new dock in 2020 and one fully rebuilt in 2020
- Dockage for 57 boats
- 4 un-covered PWC lifts
- 2 gas pumps with 4 nozzles total
- High volume bar and restaurant, in pristine condition.
The Opportunity
- RV Pads Development Upside
- Owner estimates that up to 30 RV pads can be added to the 3 vacant acres.
- Potential annual gross revenue of $120,000 at $4000/year per RV pad.
- Owner estimates that up to 30 RV pads can be added to the 3 vacant acres.
- Condo or Residential Development Upside
- Generous zoning allows for single and multi-unit residential buildings, which could be built on the vacant land to create residences with a premium water view. This could generate additional income and increase traffic to the existing restaurant and bar.
- Add a pool and swim-up pool bar
- Beverage sales would increase drastically, and the length of guest stays would also increase.
- F&B Revenue Upside
- Introduce breakfast service
- The restaurant currently opens at 11am. Currently, no other restaurant in the vicinity offers breakfast service, and there is strong in-place demand for it.
- Introduce breakfast service
Contact us for a complimentary strategic consultation and preliminary valuation.
