Marina and Retail Business Including Property

Asking Price$1,995,000

Cash Flow
$202,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$780,493

Inventory$750,000
Not included in asking price
FF&E$225,500
Included in asking price
Real EstateNot Disclosed

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Marina and Retail Business Including Property


Asking Price$1,995,000

Cash Flow
$202,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$780,493

Inventory$750,000
Not included in asking price
FF&E$225,500
Included in asking price
Real EstateNot Disclosed

Business Description
Located directly off of scenic Connecticut State Route 156, the marina specializes in serving small powerboats & personal watercraft as well as renting and providing access for kayaks & paddle boarders. 58 slips can accommodate boats up to 22 ft. and also provide drive-on watercraft slips. Power & fresh water is available at the head of each dock. Boat owners and guests can enjoy the picnic tables and barbeque grills provided on shore. Slip renters also have dedicated parking. Full season slip rentals as well as transient rentals are available. Structures include the 3 story main building, dockside boat house, workshop, storage container and picnic pergola. Also included is a nearby leased warehouse for retail inventory storage and additional work space.
The business currently offers an extensive and varied mix of products and services that take advantage of BHMs unique location. Long Island Sound and the Connecticut River are just minutes by water and protected natural areas are directly accessible. This provides great opportunities to expand high margin revenue channels, expand retail & e-commerce as well as boat related add-on services.
BHMs outstanding roadside visibility and access offers exceptional display visibility and potential to add a personal watercraft dealership to the location. The 6000 s.f. warehouse would provide plenty of storage for bulky inventory. The slip capacity could also be maximised by expanding the number of highly profitable, drive-on watercraft docks increasing slip revenue by up to 15% with a 1 year ROI.
About the Business
Years in Operation
26
Employees
2 (1 Full-time, 1 Part-time)
Summer seasonal employees
Facilities & Assets
Main building with lower level kayak showroom, main floor retail and upper level 1 bd/1 ba rental apartment. 2 shops/storage buildings. Dockside multi-use building. Fully equipped warehouse (leased). Lynde forklift and 15' Carolina Skiff. Docks and slips. Kayak/paddleboard storage racks.
Market Outlook / Competition
Competition is minimal for marinas with this mix of offerings. The link below is a market report for marinas natiopnwide.
https://www.linkedin.com/pulse/north-america-marinas-market-breakdown-xsn7c/
Opportunities for Growth
Growth opportunities include shifting slip mix toward high demand slide -on watercraft slips, expansion of e-commerce to capture kayak sales, addition of watercraft dealership and rentals, re-opening of the former food service business,
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
3,500
About the Sale
Seller Motivation
Retiring
Transition Support
Owner will consult for a post closing period TBD
Listing Info
ID
2365831
Listing Views
63
Attached DocumentsAttachment Disclaimer

Black Hall Marina 2-2.pdf

Business Location

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Business Listed by: Eugene Penasa

Listing ID: 2365831 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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