Like Tree0Likes

Buying A Marina - Opinions Appreciated

Reply
Old 08-23-2005, 12:03 AM
  #11
Registered
 
Poorsche's Avatar
 
Join Date: Nov 2003
Location: Melbourne, FL
My Boats: 2000 Century CCF 2600
Posts: 1,243
Default Re: Buying A Marina - Opinions Appreciated

Check out www.marinasforsale.com/ and you can get a feel for waht's available, revenue, and what people think they are worth.

It's a thankless job and customer can be merciless. Having said that marina owners in general all seem to go to the same school and have an interesting customer attitude.

Good Luck
Poorsche is offline  
Reply With Quote
Old 08-23-2005, 12:42 AM
  #12
Registered
Platinum Member
Trade Score: (3)
 
tomtbone1993's Avatar
 
Join Date: Sep 2003
Location: LAKE CONROE, TX
My Boats: 42 FOUNTAIN / MALIBU
Posts: 15,486
Default Re: Buying A Marina - Opinions Appreciated

Quote:
Originally Posted by Poorsche
Check out www.marinasforsale.com/ and you can get a feel for waht's available, revenue, and what people think they are worth.

It's a thankless job and customer can be merciless. Having said that marina owners in general all seem to go to the same school and have an interesting customer attitude.

Good Luck


cool website
tomtbone1993 is offline  
Reply With Quote
Old 08-23-2005, 08:36 AM
  #13
Charter Member
Charter Member
Trade Score: (1)
 
Ted G's Avatar
 
Join Date: Jan 2001
Location: Edgerock Baby!!
My Boats: Marlago 35 FS, 18 Neptune CC
Posts: 7,661
Default Re: Buying A Marina - Opinions Appreciated

Just a word to the wise-the bathrooms are one of the most important things to keep up on. The women will grouse about the place all day long if the bathroom isn't nice. My marina just redid them this season and my wife has had zero complaints about the rest of the place since then. If you can find one with a restaurant/bar then rent the unit to someone in the business. It is very difficult being in 2 completely different lines of work and doing both well. Either be a marina operator or a restauranteur, not both.
__________________
Chesapeake Bay Powerboat Association
www.cbpba.com
Ted G is offline  
Reply With Quote
Old 08-23-2005, 08:47 AM
  #14
Charter Member #927
Charter Member
 
Payton's Avatar
 
Join Date: Jan 2001
Location: IN
My Boats: 1991 34' Super Hawaii
Posts: 4,817
Default Re: Buying A Marina - Opinions Appreciated

We are on Lake Michigan (short season here also). We store our boat on our trailer, locked in a building with about 10 other boats. The building has water and electric, gravel floor and some lighting. It's just a pole barn. Our seasonal fee also includes ramp fee. We pay about 1/3 the price of a slip. In the winter the marine has the building full of winter storage boats. He has 2 seasons of income.
Several of us in the "barn" have bought some cheap indoor/outdoor carpet that we park the boat on so that it makes washdown a lot cleaner, no mud. It works out very well. the is a gas station less than a 1/4 mile away, so we don't have to pay marina prices for fuel.

Good luck.
Payton is offline  
Reply With Quote
Old 08-23-2005, 09:34 AM
  #15
Registered
 
Join Date: Dec 2002
Location: 1000 Islands
Posts: 4,783
Default Re: Buying A Marina - Opinions Appreciated

Quote:
Originally Posted by insptech
Just a word to the wise-the bathrooms are one of the most important things to keep up on. The women will grouse about the place all day long if the bathroom isn't nice. My marina just redid them this season and my wife has had zero complaints about the rest of the place since then.

TRUE TRUE TRUE!
Rippem is offline  
Reply With Quote
Old 08-23-2005, 09:37 AM
  #16
Registered
 
dockrocker's Avatar
 
Join Date: May 2002
Location: Deeee-troit!
Posts: 3,356
Default Re: Buying A Marina - Opinions Appreciated

We just had a discussion on this issue over on a local board; the consensus was that if you're going to do it, do it in the south. The northern season is too short to really make money unless you put down a healthy chunk of the prinicipal.

Still something I'd like to do someday...
dockrocker is offline  
Reply With Quote
Old 08-23-2005, 09:58 AM
  #17
OSO OG
Gold Member
 
DollaBill's Avatar
 
Join Date: Feb 2004
Location: Blue Martini Hall of Fame
My Boats: Making hot chicks hotter since 2010
Posts: 7,031
Default Re: Buying A Marina - Opinions Appreciated

Be careful what you wish for. The first 5 years of ownership involved NO boating for me other than test runs of new boats and service issues. Additionally, with what is happening to the price of waterfront real estate it is very hard to justify spending X-millions on a property that will only cash flow a fraction of it's highest and best use.
DollaBill is offline  
Reply With Quote
Old 08-23-2005, 01:28 PM
  #18
Registered
Thread Starter
 
Join Date: Jul 2005
Posts: 53
Default Re: Buying A Marina - Opinions Appreciated

Thanks for the input. I see alot of you feel the same way we do in terms of ameneties, do's/dont's, etc. We still have alot of research to do on this as will not be jumping in blindly. I just feel we could offer a better product than we see...at least here in CNY. Keep them coming, if you would. I value everyone's opinion on the board..well almost everyone!!
BOSS245 is offline  
Reply With Quote
Old 08-23-2005, 01:41 PM
  #19
Registered
 
mr_velocity's Avatar
 
Join Date: Apr 2002
Posts: 3,084
Default Re: Buying A Marina - Opinions Appreciated

Quote:
Originally Posted by dockrocker
We just had a discussion on this issue over on a local board; the consensus was that if you're going to do it, do it in the south. The northern season is too short to really make money unless you put down a healthy chunk of the prinicipal.

Still something I'd like to do someday...
Friend of mine bought one here in NJ, little money down. Slips pay 100% of the note on the marina, service is 100% profit. He is doing really well, the marina is rather small. His wife runs the office/store he does all the service. Has 1 mechanic part time. He is also a Merc dealer, that helps a lot when it comes to the service end of the biz.
mr_velocity is offline  
Reply With Quote
Old 08-23-2005, 01:47 PM
  #20
The Illustrious One
Charter Member
 
sean stinson's Avatar
 
Join Date: Oct 2000
Location: Internationally Famous
My Boats: Back on the dock!!!!!!!
Posts: 3,272
Default Re: Buying A Marina - Opinions Appreciated

Being your own boss constitutes the following.

1. You get up earlier
2. You go to bed later
3. You end up with half of the money
4. You get all of the headache
5. You also get all of the perks

After that if you are still justifiably insane. I believe the perfect marina is not just a marina it's a full service weekend or vacation getaway. You need slips that are dedicated to monthly rentals on a yearly basis as well as some on a month to month basis. I believe you need a good restaraunt and bar to attract the weekend boaters and have plenty of transient docking to accomodate them. I also think that you should have full dock service with dock boys to attend to everyones whims. You should also have a ships store that you can buy stuff at most importantly a large supply of ice. You should also offer the things that you always forget at home when going boating. I know of lots of things that I think a proper marina should be. PM me a number and I would be happy to chat with you about it.

First and foremost remember that for the most part you should keep the loud boats to an area that for the most part wont disturb the liveaboard or weekend party people because it is a fact that it does irritate some people and you will be faced with that problem at some point.

Sean
__________________
Dying,....Is the day worth living for!!!!!!
sean stinson is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
TeamSaris
General Boating Discussion
1
11-14-2006 07:41 PM
ag10s
General Boating Discussion
5
03-14-2005 07:19 PM
MrBeam
General Boating Discussion
3
03-01-2005 07:42 AM
powerguy
General Q & A
5
06-16-2002 06:46 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 07:16 AM.


Copyright 2011 OffShoreOnly. All rights reserved.