Marina Sold: Kenlake Marina – KY
Overview
Simply Marinas recently brokered the sale of Kenlake Marina in Kentucky. This first-class marina sale was handled confidentially by Simply Marinas.
Kenlake Marina has over 200 slips in a well protected basin with cement floating docks. It has a seasonal restaurant. The marina included tremendous upside for the new owner, with an approved expansion for 150 slips.
The Simply Marinas team worked with both seller and buyer. We have been an advisor to the buyer’s group in their marina acquisitions to find them marinas that fit their acquisition criteria. The team put the marina under agreement within a week of receiving the listing from the Sellers.
Highlights
- Over 200 slips, both covered and uncovered
- 900’ transient dockage
- Cement Floating docks built in 2003
- Restaurant is seasonal
- Well protected basin
- Scribble Software in five stations
- The seller has received a grant from “Big Program” for repairs they added in 2020 including a shower house and laundry room. The marina is impeccable with full occupancy and a motivated waiting list. It is ready for expansion and promises strong revenue growth.
- The marina is located near Kenlake State Park that offers pool and tennis, conveniently to Kenlake Marina customers.
- It also offers 900’ transient dockage
The Opportunity
The marina included tremendous upside for the new owner, with an approved expansion for 150 slips.
Map
Contact us for a complimentary strategic consultation and preliminary valuation.
