Marina Sold: Beavers Bend Marina – Oklahoma

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.

Local Broker of Record:
Dusty Burchfield
Burchfield Commercial Real Estate
7725 West Reno Avenue #398
Oklahoma City, OK 73127

Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
352.262.5784
george.ash@simplymarinas.com

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

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