Successful Lakeside Marina and Restaurant For Sale

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On the water Marina for Sale....42 slips plus a restaurant.
Asking Price:
$2,700,000

Gross Revenue:
$850,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$60,000
included in asking price

FF&E:
$527,000
included in asking price

Real Estate:
$1,100,000
included in asking price

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Business Description

For a serious ,prospective buyer searching for an excellent,profitable business, this 42 slip marina, reputable restaurant, grocery and convenience store with a highly profitable gas business (both on and off the water ) may provide the absolutely perfect opportunity-- undoubtedly, one stop shopping! Located on Lake Wateree and directly across from the Lake Wateree State Park in South Carolina and strategically situated between Charlotte and Columbia (1 hour each way ), this business provides year round service to customers and is open 7 days a week due to the high sales volume. Gross revenue is $850,000; this is the only inclusive store on this side of the lake and the sole restaurant open 7 days a week for 361 days a year on the lake. It is one of 2 gas stations on this side of the lake and the only one located in a protected cove with 4 pumps, utilizing credit card readers..All gas pumps are new as of June 2018... Also, contributing factors to the revenue generated are the gas station ( high profit margin ), the only restaurant with a bar and live entertainment as well as the only water recreation rentals on this side of Lake Wateree. Additionally, a small liquor store is also located on the premises and included in the sale.
Established in 1964, the current owner is in the 5th year of operation with plans to retire. Known for delicious food, a friendly, casual atmosphere and live entertainment
,this business opportunity is situated in a scenic location of 2 1/2waterfront acres. 600 feet of water front acreage, and has buildings totaling 2,800 square feet. Having indoor and outdoor seating lakeside, the restaurant's menu offers its customers a great variety of short order grill items with a full bar inside and a beer bar on the deck which provides a very social, friendly atmosphere. Daily, monthly and yearly rentals are conveniently offered for the boat slips; also offered for water recreation are a pontoon boat, canoe, paddle boats and paddle boards as well as kayak, bike rentals and other rental equipment. Not only is this a profitable, turn-key operation, but it also includes inventory that will see the future owner through to the end of the year(perishables--exception)!
Partial owner financing may be available; this is dependent on the selling price. In terms of consulting and training for a new owner, this can be negotiated, as needed. Keeping the business in a successful mode is vitally important to the seller and will offer support to ensure that that success continues. Important to note is this business can easily be expanded by offering additional equipment rental, sunset cruises, and boat repair- all very much needed on this lake... Also, the state park is currently increasing its campsite capacity by 55 units; this is scheduled to be completed by 2019. Another highly marketable opportunity with this business is a beautiful wedding venue and taking full advantage of the lovely lakeside country.
Current owner does offer renting premise for private events.. Options abound in this operation ----- $2.7million for land, buildings, business operations and a plethora of growth and expansion opportunities. Inquire about this charming, southern lakeside business today!

About the Business

Year Established:
1964
Number of Employees:
6
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
2,800
Facilities:
Marina--- 42 slips ; restaurant ;grocery and convenience store; liquor store
Website:
matchbizinc.com
Market Outlook/
Competition:
Extremely high margins on gasoline ( both land and water )
Growth & Expansion:
Keep marina fully rented---- more boat rentals Wedding venue
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About the Sale

Reason For Selling:
Retiring
Training/Support:
As needed
Seller Financing:
contact Matchbiz

Listing Info

ID:
1513483
Ad Detail Views:
822

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Business Listed by

James Baker

Matchmaker Business, Inc.

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