Marina for Sale: Profitable West Coast Marina & Houseboat Rental Operation – California

Price: $12,000,000

Overview

This pristine well managed marina is the premier vacation houseboat rental facility in the region. Over the past few years, the owners have made intensive facility upgrades and renovations. The houseboat rental fleet is in excellent condition, offering a level of luxury rarely seen in this type of operation. This is an impeccably maintained, profitable, cash flowing business with great upside potential.

Listed by David Baird
Sperry Commercial
Simply Marinas West Coast Affiliate
2831 St Rose Pkwy Suite 200
Henderson NV 89052
702 765 6005
702 349 4920 cell

Highlights

Significant capital improvement over the last 3 years. The facility is impeccably maintained
138 wet slips (full occupancy with wait-list and room to expand)
Rental Fleet in strong demand - (30) High quality, luxury houseboats (7) Ski boats (4) Jet Skis
Over 2,000’ of high quality, well maintained, Meeco Sullivan docks
Great reputation
Fuel service (3 Fuel dispensers with 2 hoses each) | Pump-out
Beautiful 1,600 sq ft retail store
Top of the line, sophisticated marina management software, POS, and rental booking software
Excellent location on the lake
Forest Service Leasehold via special use permit
Great built-in upside potential

The Opportunity

This turnkey, profitable business offers additional upside for a new owner.
The 30 houseboats are in very high demand, making fleet expansion a feasible opportunity.
The 138 wet slips are consistently at full occupancy with a waiting list. Building additional wet slips would ensure net income growth for a new owner.
Add Slips. Demand for additional moorage contracts is strong. Slip occupancy is at 100% with a waiting list. Nearly all slip rental contracts are annual. For example, in 2019, 94% of the marina’s slip rental customers are on annual contracts.
Increase Rental Fleet Inventory. There is great demand to grow the rental fleet. The marina is already permitted and authorized to nearly double the size of its fleet.
Introduce full grocery concierge service for houseboat customers
Expand repair service for houseboats and small boats
Introduce houseboat delivery/logistics and mooring service
Boat and Houseboat Brokerage: Take advantage of rental fleet inventory turnover and the facility’s already in-place boat repair and maintenance capabilities.

Location

Shasta Lake, the state’s largest man-made reservoir, is considered the house boating capital of California. Location by car is only 2 miles from I-5, all paved. The marina enjoys a strategic location as the hub on the lake, offering easy access to all arms of the lake. It is also adjacent to a major public launch ramp, bringing strong fuel and retail income to the marina. Gas, ice, groceries, beer, wine, fishing tackle, souvenirs and apparel can be purchased seven days a week, year-round.

Driving Times From: