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Established marina on Lake Champlain

Grand Isle County, VT

Seller Financing Available

Asking Price:$1,750,000
Gross Revenue:$250,000
Real Estate:$950,000
Cash Flow:$190,000
FF&E:$1,750,000
Established Year:2012
Listing ID: 2252809Listing provided by BizBuySell
BUSINESS DESCRIPTION

100 slip marina that requires only part-time involvement

Established 100 slip marina in a protected bay on Vermont's beautiful Lake Champlain. Low capital investment requirement, very low time requirement for operation. Possibilities abound for additional business opportunities at this location. We have never offered boat servicing, storefront, fuel sales, tow services, etc. Adjacent lakeside bar property is affiliated, but not included in this listing.

Developed over a 12 year period, and repositioned in 2021 - this operation has a stable income stream and established customer base with an 85.4% retention rate. A 350 SF office plus two 3-fixture bathrooms sit on a full walk-out basement storage area to support the marina, all on 3.5 acres. No worries on the water depth, and no hassles with utilities as our utilities are present on the shore only. Town water and community septic system that is only 3 years old.

DETAILED INFORMATION
Location
Grand Isle County, VT
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
480
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
3.5 acre parcel, improved with a 480 SF office/bathhouse over a full walk-out basement. Three dock trees that currently support 100 boats. Permits are in place for up to 120 boats, however this listing is for only 100 slips. The cash flow reflects 100 slips. If additional slips are sought - we can discuss the additional cost for them. We are located on the east shore in a protected bay, so weather impact is minimal.
Competition
The competing market is water-access boat storage on northern Lake Champlain - and more specifically within only 20 minutes of our facility. All competing facilities (two only) have stabilized income, and provide different services than we do.
Growth & Expansion
There exists the opportunity for additional business ventures - to include additional outdoor storage advertising, boat servicing on-site or in cooperation with local service providers, gasoline service, storefront sales, etc.
Financing
We can finance the purchase with favorable rates/terms to conventional lending.
Support & Training
I can stay on-board (see what I did there....marina....) for at least one year from transfer, in a consultant capacity. I reside just minutes from the marina and am able to be hands-on with short notice.
Reason for Selling
I have built this facility over the past 12 years and I am looking to increase m
Home-Based
This business is Home-Based
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Mike Gammal
Phone Number
Mike Gammal
Call Phone