Profitable Kentucky Marina and Storage Facility

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Asking Price:
$4,200,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

• Income sources include
o wet slips - 185 (annual and transient rental) - 100% occupancy
o new storage buildings - 66 units (50 are boat storage units) - 100%occupancy
o outside trailered boat storage spaces for approximately 30 boats
o boat rental fleet
o popular fee-based launch ramp - double wide
o successful restaurant & ships store - 2,113+/- sq ft floating building
o lodging - 2 floating cabins
o fuel dock selling non-ethanol fuel
• The asset sits on a total of 11 fee simple acres: 7 for the marina + 4 for the dry storage (no lease fee on the submerged land).

About the Business

Location:
Kentucky
Real Estate:
Owned
Building Sq. Ft.:
20,000
Facilities:
No deferred maintenance.
Recently built docks and storage buildings
Market Outlook/
Competition:
Consistently at or near full occupancy
Growth & Expansion:
• Strong cash flow and reliable NOI
• Construct additional dry storage units - currently and historically at full occupancy
• Construct additional wet slips - currently and historically at full occupancy
• Additionally available vacant land adjacent to the dry storage parcel
• Short 12 week season, requiring little to no attention during the closed season.
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About the Sale

Reason For Selling:
retirement
Training/Support:
negotiable

Listing Info

ID:
1576282
Ad Detail Views:
1982

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Business Listed by

Michelle Ash

Simply Marinas
License# BK3028983

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