South Florida Marina & Resort - 40+ Years Profitable
Business Description
Mixed-Use Development Opportunity - Marina / Hospitality/ Retail /
Well known destination marina and resort owned and operated by famous outdoor adventure and fishing celebrity family for over 40 years. The second and third generations of the family (also celebrities in the outdoor adventure space) have been active in the operations for the past twenty years. They understand the business and property hold tremendous additional potential through expansion, and redevelopment with modern new concepts and amenities. They are willing to sell the business and real estate outright or joint venture with one or more qualified commercial / hospitality developer(s). They would only consider such participation with qualified development firms that understand and share the potential for their vision. The family is not willing to provide any financing assistance or participate in a joint venture with any Buyer interested in maintaining the status quo or making only incremental improvements.
About the Business
- Years in Operation
- 44
- Employees
- 50 (30 Full-time, 5 Part-time, 15 Contractors)
- Facilities & Assets
- Operated profitably by the same family for 43 years, the marina and resort sit on 20 Acres MOL with turnkey facilities to accommodate fresh and saltwater boats of all sizes from both coasts of Florida. The resort is strategically located on the only canal system connecting the Gulf of Mexico (Naples, FL) to the Atlantic Ocean (St. Lucie / Palm Beach). The operations include several separate businesses, from food and beverage to lodging, retails sales, boat services and more.
- Market Outlook / Competition
- The business is a destination marina and resort and as such, the primary competition is from similar businesses in other locations. The optimal use of the business is in the comprehensive redevelopment of the resort to include mixed-use retail, hotel, multi-family residential, and other related tourism uses and potential amenities which the Sellers have been developing tentative plans for over the past few years. To achieve the highest and best use, the family may consider acting as the master developer with one or more qualified development partners.
- Opportunities for Growth
- A comprehensive redevelopment of the property could include over 350,000 square feet of facilities that could be completed as multiple projects or in phases. It is feasible that the various uses could include outdoor adventure and tourism related attractions, hotel and lodging accommodations, multi-family residential for sale or rent, restaurants, bars and entertainment concepts, event venues, and boating facilities including hi-and-dry storage, long and short-term dockage, sales, rentals and service, and much more.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 20,000
About the Sale
- Seller Motivation
- Sellers want to maximize the potential of the business and are willing to partic
- Transition Support
- The second and third generations of the family have been involved in operations for twenty years and recently assumed full management control. They are consolidating operations and automating back of house. They will remain as long as needed and are willing to participate in a joint venture to redevelop the property. But ONLY with one or more qualified developers.
- Financing Options
- No, may joint-venture, ONLY with qualified hospitality / mixed-use developer.
Listing Info
- ID
- 2418748
- Listing Views
Listing ID: 2418748 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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