Gulf Island Marina Business For Sale

Business description

This piece of paradise is a true west coast lifestyle opportunity. Located on a small Gulf Island this property is a full service operation with seasonal revenue from: marina/fuel dock, pub/restaurant, rental accommodations and c-store with liquor, and post office. The operations generate $185,000 for the owner before debt service.The realty consists of approximately seven sub-dividable acres. The marina/pub/restaurant/rental accommodation is located on about three acres of this land which is zoned C1 and the remaining four acres zoned R2 residential is undeveloped awaiting future residential subdivision. Also the company leases the 3 ½ acre foreshore lease DL300 on which the marina is located. This foreshore lease has about 5 years remaining on its term and could be purchased from the province. Fuel storage is upland, in modern above-ground tanks and is delivered to the dock via piping that has been replaced recently. The main building complex with pub/restaurant is accessed from the water via ramp to the foreshore and also by road access and parking alongside the building. Rental accommodations are separately located above the main building. This "Turn-Key operation is fully staffed and a wonderful opportunity for someone wanting to enjoy small island life.

Property information

Real Estate:

Real Property Included

Premises details:

Two main buildings, one for rental accommodations the other for pub/restaurant, c-store, post officeand liquor store.

Business Operation

Expansion potential:

potential to subdivide property for residential development. increased moorage facilities are possible.

Competition / Market:

Limited

Reasons for selling:

retirement

Trading hours:

The Post Office provides full postal service Monday to Friday from 12:30 pm to 5:00 pm for the island.
The kitchen is available from 11:30 am daily for cooked meals. Lunches and appetizers are available until 4 pm when the dinner preparations begin. Dinner is served from 5:30 until 8:00 pm every day. The restaurant is closed in the winter from mid October to the beginning of April.
The pub meets the basic food requirements of its patrons and is open from 10 am to Midnight seasonally.
Dock service is available year round for moorage. Fuel is also provided all year and is the only source of fuel for most of the year on the island as well as the immediate surrounding area.

Employees:

6

Years established:

5,200,000

Other information

Support & training:

The Seller will provide for a smooth transition.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller may carry some financing for the right buyer.

Furniture / Fixtures value:

$750,000 (included in the asking price)

Inventory / Stock value:

$50,000

Related documents:

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