Marina Sold: Sardis Lake Marina – Mississippi

Price: $1,830,000

Overview

This is a one of a kind opportunity to acquire Sardis Lake Marina. The only marina on Mississippi’s larges lake, making it the areas only boat rental and fuel service facility on the lake. The Marina is adjacent to the lakes busiest recreational area and boat launch, bringing strong demand for the fuel and store operation. The business is turn-key and produces profitable, cash flow. There is a solid customer base with repeat business growing year after year. The marina provides both covered and uncovered slips, 93 Non-Ethanol Fuel, boat rentals, a ship’s store and has a tenant operating a successful restaurant/bar. The marina consists of a long term lease of approximately 34 acres with the City of Sardis Mississippi who in turn holds a long term master lease with the United States Army Corps of Engineers.

This is a Co-Listing of:

Coldwell Banker Southern Real Estate | (662) 620-2232

and

Simply Marinas | (305) 390-0397

Highlights

Over the past few years, current ownership has added improvements and implemented sophisticated management systems, bringing the marina to the currently stable and consistently growing level of income production.
Great strategic location. Sardis Lake Marina is the ONLY marina, fuel dock and rental boat facility on Sardis Lake, Mississippi’s largest lake.
Slip rental income accounts for the majority of gross sales, followed by boat rental and fuel
200+/- wet slips with an approved master plan for 450 slips
Boat rental fleet
Busy fuel dock and ships store
POS system fuel and retail, including a terminal at the fuel dock
Popular restaurant & bar tenant creates strong business synergy for the marina

Sardis Lake Marina is the ONLY marina on Mississippi’s larges lake

The Opportunity

The marina boasts a solid, growing base of repeat business. Covered slips are at full occupancy with a waiting list for some slip types. There is an approved master plan in place for up to 450 slips (current layout is 200+/- slips). Adding new covered slips as well as growing the boat rental fleet, would bring tremendous upside to for a new owner. Boat rental demand is strong and growing. Additionally, a new owner could add a boat dealership or increase brokerage activity.

Location

The marina is located at 30117 Blackjack Road Sardis, MS 38666. The location of the marina is just adjacent to “Engineer’s Point” which is the lakes busiest recreational area and boat launch. Oxford Mississippi, the home of the University of Mississippi, is less than 20 minutes away. Memphis Tennessee is less than a 1 hour drive. Sardis Lake Marina is a convenient location for boating enthusiasts and fishermen alike.

Sardis Lake is Mississippi’s largest lake. Sardis Lake stretches over 98,000 acres through Panola, Lafayette and Marshall counties in beautiful Northwest Mississippi. The lake is managed by the US Army Corps of Engineers and is popular with anglers and has a reputation for its abundant bass and crappie. Other recreation activities include hunting, camping, boating, skiing, swimming and picnicking.

Oxford, MS: Proximity of 15 miles

Tupelo, MS: Proximity of 60 miles

Memphis, TN: Proximity of 54 miles