Full Service Marina with Boat Sales & Service

Full Service Marina with Boat Sales & Service

Full Service Marina with Boat Sales & Service
Full Service Marina with Boat Sales & Service
4198025
Southern New England
$7,500,000
$860,000*
*Three- year average of Adjusted Ebitda which is Ebitda adjusted to normalized owner salaries to market rate.

The marina has occupancy rates that exceed 80% of its 175 slips and has an award winning boat sales and service operation that derives a ready base of customers from the marina tenants. The marina is located in a protective harbor adjacent to LI Sound and offers boaters direct access to the region’s great recreational boating grounds. Owners undertook an extensive capital investment program that where all slips were refurbished, showrooms were upgraded and the site was brought into compliance with the Coastal Area Management requirements. Real Estate is part of the transaction.

The owners wish to retire, but are willing to stay on for an appropriate period of time so that a proper transition can be effected.

This is contemplated as an Asset Sale where all assets of the Company will transfer over to the new owner(s) including the real estate assets except for any cash on hand and accounts receivable incurred prior to closing. All liabilities and accounts payable incurred prior to closing will remain with the seller. All new and used boats, motors, trailers and parts inventory will be sold at cost to buyers as of date of sale.

Interested parties should complete the attached non-disclosure agreement and return it to VR Business Sales via email. Qualified parties will be presented with a detailed confidential business review on the Company.
  • Full Service Marina with Boat Sales & Service