359-Slip Full-Service Marina | Chesapeake Bay | Strong Cash Flow
Business Description
Skipjack Cove Marina represents a rare opportunity to acquire a large-scale, full-service marina located in Georgetown, Maryland within the highly sought-after Upper Chesapeake Bay market. This offering combines immediate in-place cash flow with significant upside through expansion and operational optimization.
The property features 359 protected deep-water wet slips with a balanced mix of covered and uncovered berths, accommodating vessels up to 68 feet, along with transient dockage capable of handling yachts exceeding 120 feet. The protected basin offers depths of up to 17 feet, supported by substantial shoreline infrastructure including bulkheading and stone revetment.
Skipjack Cove delivers a diversified and durable revenue stream driven by dockage, fuel sales, marine service operations, and storage. The full-service boatyard includes over 200 vessels of upland storage capacity, a 70-ton travel lift, haul-out capabilities, and comprehensive service offerings including engine and generator repair, winterization, and shrink-wrapping.
The marina is further enhanced by a strong amenity package that reinforces its destination appeal and customer retention. On-site features include a fuel dock (gas and diesel), ship store, waterfront restaurant and bar, Olympic-sized pool, pool house, bathhouse, laundry facilities, and athletic courts.
Recent capital improvements totaling approximately $1.7 million have strengthened the asset’s long-term positioning. Upgrades include fuel system replacement (UST), dock and jet ski float enhancements, and site-wide improvements. Additionally, seven new 12,500 lb lift slips are scheduled for completion, increasing total lift capacity to 21 and generating projected incremental revenue exceeding $80,000 annually.
Strategically located on the Sassafras River, the marina offers direct access to the Chesapeake Bay and benefits from strong regional demand across the Mid-Atlantic. Its proximity to major population centers including Baltimore, Philadelphia, and the Jersey Shore positions it to capture both seasonal and transient boating traffic.
The property is situated on approximately 15.69 acres of fee simple land zoned Maritime Business District (MB), providing long-term operational stability and flexibility for future expansion.
Skipjack Cove Marina presents a compelling investment opportunity for marina operators and investors seeking scale, diversified income, and a well-located asset with both immediate cash flow and meaningful upside potential.
Detailed financials and due diligence materials are available upon execution of a confidentiality agreement.
The property features 359 protected deep-water wet slips with a balanced mix of covered and uncovered berths, accommodating vessels up to 68 feet, along with transient dockage capable of handling yachts exceeding 120 feet. The protected basin offers depths of up to 17 feet, supported by substantial shoreline infrastructure including bulkheading and stone revetment.
Skipjack Cove delivers a diversified and durable revenue stream driven by dockage, fuel sales, marine service operations, and storage. The full-service boatyard includes over 200 vessels of upland storage capacity, a 70-ton travel lift, haul-out capabilities, and comprehensive service offerings including engine and generator repair, winterization, and shrink-wrapping.
The marina is further enhanced by a strong amenity package that reinforces its destination appeal and customer retention. On-site features include a fuel dock (gas and diesel), ship store, waterfront restaurant and bar, Olympic-sized pool, pool house, bathhouse, laundry facilities, and athletic courts.
Recent capital improvements totaling approximately $1.7 million have strengthened the asset’s long-term positioning. Upgrades include fuel system replacement (UST), dock and jet ski float enhancements, and site-wide improvements. Additionally, seven new 12,500 lb lift slips are scheduled for completion, increasing total lift capacity to 21 and generating projected incremental revenue exceeding $80,000 annually.
Strategically located on the Sassafras River, the marina offers direct access to the Chesapeake Bay and benefits from strong regional demand across the Mid-Atlantic. Its proximity to major population centers including Baltimore, Philadelphia, and the Jersey Shore positions it to capture both seasonal and transient boating traffic.
The property is situated on approximately 15.69 acres of fee simple land zoned Maritime Business District (MB), providing long-term operational stability and flexibility for future expansion.
Skipjack Cove Marina presents a compelling investment opportunity for marina operators and investors seeking scale, diversified income, and a well-located asset with both immediate cash flow and meaningful upside potential.
Detailed financials and due diligence materials are available upon execution of a confidentiality agreement.
About the Business
- Opportunities for Growth
- Increase slip rates to align with market demand
Expand lift slip program (high-margin revenue)
Optimize storage yard utilization (200+ vessel capacity)
Enhance service operations and maintenance programs
Increase fuel sales through marketing + transient traffic capture
Expand events, F&B, and destination-driven revenue
Further develop resort-style amenities to drive premium pricing
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2491810
- Listing Views
Listing ID: 2491810 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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