Marina Marine Services In Cape May County For Sale

Business description

Beautiful piece of property off main road & main waterway. Marina & Marine Repair Svcs 2 bldgs on property 1st bldg is small retail shop, 2nd bldg is brand new workshop built in 2008 to do larger sailboat refinishing jobs and increase winter indoor repair business capabilities. New bldg. is 40x55 and 3 stories high. The 2nd floor is 20 x 40. Equip.value is $100,000; new lift. Boat slips available in water. 12 boat slips approx 25-27 ', 6 boat slips approx 20 ' , 6 additional slips for smaller crab boats. Dry dock for winter storage can fit up to 50 various sized boats on land. Boats vary in size from 36' to average size 25'. For dry dock the fee is $24/ft. There is additional floating dock for jet skis & can hold up to 20 jet skis. This dock along with other floating dock was purchased 4 years ago. Sale includes 04 Chev 1/2 ton pick up. 1 full-time mechanic working for past 3 yrs. 30 ft of new bulkhead was added on west side in 2007 for $6000. Mechanic to replace owner would be 4 hrs per day at $18-20/hour. Has Mercury engine franchise for inboard and outdrives is currently trying to acquire outboard franchise by spring

Property information

Real Estate:

Real Property Included

Location:

Marina and Marine Services located in Cape May County in an upscale South New Jersey resort town.

Premises details:

Marina and Marine Services is off main road and waterway. it is 237 x 90 with 55 foot depth. Current land appraisal is $1,300,000.

Size in square feet:

21,330 SF

Business Operation

Expansion potential:

Marina and Marine Services has room for expansion.

Competition / Market:

Marina and Marine Services is well established for over 20 years.

Reasons for selling:

Retiring

Trading hours:

open May thru September 7 days

Employees:

2 full time 1 part time owner works frull time

Years established:

established and with same owner for 20 years

Other information

Support & training:

two weeks

Owner financing:

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

Financing available:

Owner is willing to finance $300,000 @ 6% for five years based on a 30 year amortization