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Reduced Price Marina, Boat Sales, Rental, Repair
Location Oklahoma,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $2600000
Net Profit / Cash Flow $729000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2005
Number of Employees 10 - 19
Inventory 3000000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Owner will stay on for a reasonable period to help acclimate new owner to area, business and customers. Staff will stay on for a new owner to help continue the growth.
Reason for Sale Retirement.
Description This wonderful marina, located inside a state park on the lake, near several large population centers, it has been the premier marina in the area for over 30 years. Since 2005 it has been operating under the current owners, who are ready to retire. This marina facility offers amenities not found at any other marina on the lake. From their full service ships store to the leased restaurant and show room full of new boats, they promise a good time for all. At first site, this facility is comprised of a showroom that sells new and used boats, a service department that repairs boats and related marine equipment, a parts department that procures the parts for repair or outright sale to the customers, storage areas in and out of the water, a leased restaurant and bar, 275 covered slips, 4 dispenser gas dock and a store that sells recreational merchandise, as well as a fleet of rental boats! This marina is THE premier boat dock and rental place in NE Oklahoma. A new owner will bask in the beautiful scenery while imagining the explosive growth potential in front of him. Don't wait, call today!
A cursory glance leaves out a lot of the additional fee-based services that would generate revenue for an owner. In addition to buying and selling boats on site, boats can also be bought from a catalog and delivered directly to the customer. Service repairs and warranty work can be done at the facility, on the water or at a private dock located in the lake, or at another lake for that matter! Parts can be picked up or drop-shipped. They can wash/clean boats in or out of the water as well as rescue, re-fuel and/or re-float boats. Some of their customers pay mooring rights for jet skis and pay them to store trailers and winterize their boats and then ready them for summer use. The leased restaurant & bar facility is a tasty destination in its own right.
Up to 30% owner financing. Call Jason Hullender (IAG) at 972-331-7353 for more information.
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