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Marina Sold: Beavers Bend Marina – Oklahoma

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Overview

This is a unique opportunity to purchase Beavers Bend Marina, an impeccably maintained, stable and reliable cash flowing marina with tremendous built-in upside potential. Marina ownership enjoys steady slip rental income, robust boat rental income, as well as income from multiple synergistic sources such as fuel and retail. The marina operates under a long-term concession lease with the State of Oklahoma. Beavers Bend Marina sits in an idyllic location within Oklahoma’s State Park System, nestled into the Kiamichi Mountains on Broken Bow Lake, often referred to as the “Gem of the State”. The lake has some of the cleanest and clearest water of any of the Oklahoma lakes, or any other fresh water lake in the USA, for that matter. The business is currently seeing double-digit growth, due in part to recent upgrades and improvements. Future growth is sure to continue, and even accelerate, in step with the continued growth and prosperity of the nearby Dallas Fort Worth area, the nation’s fastest growing MSA. DFW is home to an ever growing roster of the largest national and international companies, including many fortune 500 companies. Beavers Bend Marina draws much of its customer base from DFW, which is now the 4th largest MSA in the nation.

Highlights

  • Management in-place. This facility is truly turn-key. Ownership acts as asset management and is not involved in day-to-day operation.
  • Ownership is constantly improving this impeccably maintained facility and boat rental fleet
  • Significant capital improvement over the last 3 years include
    • New docks
    • New 3,500 SF ships store
    • 2 New parking lots
  • Full service marina
  • The only marina on popular Broken Bow Lake
  • All land leased from the State of Oklahoma
  • Lease Agreement offers several options (at owner’s option); it ultimately expires May of 2042
  • Great built-in upside due to recent extensive improvements
  • Additional upside can be attained through expansion of slips and rental fleet.
  • Demand for both is strong and growing.
  • 312 Slips total (very high demand with room for growth)
    • (Approximately 93) Houseboat slips available for lease
    • (Approximately 167) Boat slips available for lease
    • The balance of the slips are utilized for the marina’s boat rental fleet
  • Boat rental fleet (very high demand with room for growth)
    • (2) Houseboats
    • (45) Wakeboard, pontoon, and deck boats
    • (10) Jet skis
  • Current rental boat inventory can be provided upon request.
  • Inventory is fluid and changes regularly.
  • Proprietary marina management software, POS, and rental booking software
  • Used and New Boat Sales
  • Paved double-wide boat launch ramp
  • 6,000 gallon above ground fuel tank with 4 dispensers
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The Opportunity

The marina can benefit from the the following as a means of
increasing revenue:

  • Add Slips. Demand for additional slip rental is strong. Slip occupancy is above 90%
  • Increase boat rental fleet inventory. There is great demand to grow the rental fleet.
  • Increase houseboat rental fleet inventory. At current, ownership is only operating two houseboat rentals. There is great demand to grow this high grossing income stream.
  • Expand Boat and Houseboat Brokerage: Take advantage of rental fleet inventory turnover and the facility’s already in-place boat repair and maintenance capabilities.

Location

Located approximately 2.5 miles east of Highway 259 with access from state park roads to Marina Lane in the Hochatown State Park in Unincorporated McCurtain County, Oklahoma (address is in Broken Bow) with access to Broken Bow Lake. The facility is located on a Hochatown State Park that is owned by the State of Oklahoma’s Tourism and Recreation Department. Marina ownership has a long-term ground lease on the subject property. The scenic beauty of Beavers Bend Resort Park makes it one of Oklahoma’s most popular resort areas. Beavers Bend Resort Park includes Broken Bow Lake, Beavers Bend Marina, Beavers Bend State Park, Hochatown State Park, Lakeview Lodge and Cedar Creek Golf Course. The crystal clear water of the lake and river, as well as the 100-ft. pine trees, make the marina the perfect recreation destination for guests from the surrounding area.

Broken Bow Lake

  • 14,200 Surface AcreFeet of Lake
  • 602.5 Normal Elevation of Lake
  • 180 Miles of Shoreline
  • Lake is formed by Mountain Fork River

City Distance

  • Dallas - 203 Miles
  • Plano - 177 Miles
  • Rockwall - 170 Miles
  • McKinney - 167 Miles
  • Denton - 195 Miles
  • Fort Worth - 237 Miles
  • Oklahoma City - 261 Miles
  • Tulsa - 212 Miles
  • Shreveport - 163 Miles
  • Monroe - 248 Miles
  • Texarkana - 89 Miles
  • Tyler - 162 Miles
  • Longview - 132 Miles
  • Little Rock - 178 Miles
  • Fort Smith - 124 Miles

Map

For More Information

Michelle Ash
Principal
(305) 439-9581
ash1@simplymarinas.com
George Ash
National Director
(352) 262-5784
george.ash@simplymarinas.com