IL Chain O' Lakes Marina, Turnkey Business - Two Locations

Illinois

Asking Price:	$6,250,000
Established Year:	2014

Inventory:	$125,000

Listing ID: 2016537Listing provided by BizBuySell

BUSINESS DESCRIPTION

This Marina consists of 2 locations & has over 136 Wet Slips & approximate 40+/- Waverunner Slips with also In & Out Services for clients. Marina facility has multiple buildings for service and indoor storage for winter & summer, building space approximately 43,000'. The 2 facilities consist of over 16+ acres of land, 9+ acres is excess land good for development purposes. The Main Marina is in a No Wake Zone and has a niche with its location. Store / Office / 1-Bed/ 1-Bath Apartment fully remodeled and over looking marina. 2- Boat Launch Ramps / Multiple Restrooms & great location on the water. The Satellite marina is quaint for boaters that like to kick back. Location is also prime and includes his & hers restrooms.

NDA WITH BIO IS REQUIRED | 48 HOUR SHOWING NOTICE IS REQUIRED
THIS IS A CONFIDENTIAL LISTING, BROKER HAS A COMPLETE SALES PACKAGE WITH ALL DOCUMENTS / PICTURES & VIDEOS FOR POTENTIAL BUYERS

Sellers have a 3rd location that could be purchased for $1.5MM this location is closed but can be reopened with very little work to do. No Financials for this location, please do not ask. Broker has a Sales package for this location if of interest.

DETAILED INFORMATION

Location

Illinois

Inventory

Included in asking price

Real Estate

Owned

Included in asking price

Employees

Facilities

Multiple buildings for indoor storage & service as well as IN & Out service with boats on the trailers. All buildings numbered for size of the boats as well as the ones that use more frequently & ones that have higher demands. Parts Department / Boat Store with package liquor sales. Multiple restrooms outside for boaters. Marina has full gas facilities along with a launch ramp. A large pavilion for boaters to enjoy with family or guests. Expansion opportunity, room to add a Tiki Bar that would do real well with sales and a limited menu for food.

Competition

The Market conditions are very strong in the Midwest an especialy on the Chain O' Lakes as boating is setting records again. This location where this Marina is located has the market all to its own. Only full service Marina in the immediate location. This facility is known for full service in a turn around time at all facits of the business. Sellers are respected all around the Chain. IF YOU NEED PARTS ? THEY HAVE THEM, IF YOU NEED GOOD SERVICE ? THEY HAVE IT !

Growth & Expansion

Growth for this Marina facility is a big oportunity for buyers. Adding a new addition of Drystack for IN & OUT Services would be a game changer for this facility. Building a 4 high rack facility this would generate a large increase in year round revenues for this business. Also the addition of Pontoon Rentals / New & Used Boat Brokerage services & Detail services. Facility has room to expand mechanic work as well as outside storage. A restaurant / Tiki Bar would do great at this location. DISCUSS OPORTUNITIES WITH BROKER.

Financing

See Broker for Funding Sources for qualified buyers. Sellers have an assumable loan a

Support & Training

Sellers will assit in transition, TBD between sellers & buyers. Staff is in place for Off Site Managment of new owners.

Reason for Selling

Sellers are retiring, staying in area of Marina location will assist in transiti

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