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BUSINESS FOR SALE - PROFILE #  41980255

Full Service Marina w/ Boat Sales & Service
SE New England

Asking Price: $7,500,000   Down Payment: $7,500,000  
Gross Revenue: $6,727,957   Adj. Cash Flow*: $716,816  
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Executive Summary
Located on Long Island Sound in Southeast New England, this marina has 175 slips with occupancy rates that exceed 80% and has an award winning boat sales and service operation that derives a ready base of customers from the marina tenants. The marina is situated in a protected harbor adjacent to LI Sound that offers boaters direct access to region's best recreational boating and fishing grounds. Over the last seven years, current owners undertook an extensive capital investment program to upgrade and refurbish all slips and showrooms, bring the operation into full environmental compliance and make it one of the most hospitable and versatile marina's in the Northeast. The real estate is included in the transaction.

Acquisition Highlights

  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1959 Inventory: $2,000,000
Furniture, Fixtures & Equipment: $400,000 Included
Real Estate: Included
    Total Assets Included in Sale: $400,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Jeff Swiggett
Phone:  (203) 772-3772 x 102
Fax:  (203) 772-3713
Other:  (203) 215-5577
E-mail:  jeff@vrnutmeg.com
VR Business Brokers - New Haven CT
941 Grand Avenue
2/F
New Haven, CT 06511
www.vrnutmeg.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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