Contact us for a complimentary strategic consultation and preliminary valuation

Marina for Sale: Florida Inland Full-Service Marina near a Major MSA

Price: $10,900,000
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Overview

This is a rare opportunity to acquire a large, full-service inland marina and dealership in Central Florida (Confidential Florida Inland Full-Service Marina - Offering ID: SMFL47). Well-located marinas of this scale are rarely available for purchase. Guests have access to a full suite of amenities, notably a ships store, fuel dock, two on-site restaurants, boat and motor service, repair, and dealership. The diverse business lines and strategic location make for a captive and dedicated customer base. Most of the net income is derived from boat storage and third-party commercial tenant rents.

A dedicated and long-standing management team, overseeing all marina, dealership, service, and boat rental operations, is in-place and able to transition to new marina ownership. The two on-site restaurants are operated by reputable third-party commercial tenants, providing marina ownership a steady rental income stream.

The marina is within close driving distance to major population centers.

Highlights

  • Inland/fresh water full-service Marina
  • Total Storage Capacity for over 600 Boats (Wet and Dry)
  • Operated on long-term leasehold land (no fee simple real estate)
    • 21+/- acres (upland and submerged)
    • 30,000+/- square feet of buildings
  • The lessor will require new ownership to immediately replace 140+/- wet slips (call listing broker for details)
  • Strong demand to support storage rental rate increases
  • Close proximity to major population centers
  • State Certified Clean Marina, Retailer and Boat Yard (Florida Department of Environmental Protection)
  • 14’ average depth
  • Full suite of amenities
  • Two on-site restaurants are operated by reputable third-party commercial tenants, providing marina ownership with a dependable rental income stream
  • Rental boats fleet (8 boats)
  • Full boat and engine parts and service department
    • 40,000 lb. travel lift
    • Outboard repair, inboard and sterndrive repair, routine boat maintenance, bottom painting
    • Warranty service
  • Boat dealership offering new, used and consignment boats as well as several motor lines
  • Fully integrated POS System across all departments
  • Public sewer and water
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The Opportunity

  • Expansion Potential
    • The lessor may be willing to work with the new buyers for expansion of the upland storage
      • There is demonstrable demand for an additional indoor storage building
  • Rate Increases
    • After new docks are installed, Seller proposes that new ownership implement a rate increase on all wet slips from $8.00 per foot to $12 per foot, an approximate 27% rate increase
      • Seller believes that the new docks will easily justify such a rate increase
      • A 5% increase will be implemented as well on all dry storage rates, Live A Board fee & flat utility fee
    • Increase Occupancy
      • Demand is currently strong, and Occupancy is relatively high. That said, once the new docks are installed, demand will surely increase
           

Contact us for a complimentary strategic consultation and preliminary valuation.

Michelle Ash
Principal
(305) 439-9581
George Ash
National Director
(352) 262-5784