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Asking Price: $1,990,000

Marina in Central New Jersey Includes Real Estate

Not Disclosed, NJ
Middlesex County

It is fully owned by a man and his wife since 1965. They are both well into retirement age and they decided to retire after spending so many wonderful years operating this well-known Marina in central New Jersey. No other employees operate the Marina. It has 3 lots and 300 feet of Waterfront property. Most importantly the area if further developing, attracting more area visitors over the next few years. They also anticipate that expansion of the routes for the Seastreak Ferries servicing points in Manhattan, central New Jersey, Nantucket, Martha's Vineyard, and more..On one of the lots there is a two-bedroom house with a basement that contains a Bait Shop. In addition to this Bait Shop, the Marina provides fuel oil for the boats. Both of these money makers are currently leased but an option for a new owner would be to operate as well these as well. In addition, it is possible to add a snack bar, restaurant or an informal bar for marina renters and visitors. This option would easily expand the property’s and business value. In addition, other services such as maintenance and repair are basically performed as an offered service.Two mechanics visit on site for engine repair and provide the owner a percentage of their repair fee. Winter storage is done on a cash basis.People often visit this marina because of its location and access to the Bait shop.Newly paved access has been recent addition. There are a total of 21 slips for boats as small as 22’, 35’, 40’ and couple of slips for larger 50 and 60’ boats. The slip rental rate is $2,000 to $3,000 per boat annually. That brings in $50,000 for slip rental along with $20,000 storage fees done on a cash basis. They do have a crane which when operated they charge $100 to $200.There are no environmental concerns, and the Marina has the appropriate liability insurance as well.In fact, today its business value coupled with the value of the property is significant, with plenty of options to increase its value and service offerings after its sale. Certainly, much could be done to expand the business revenue such as a restaurant, bar, a repair facility perhaps outsourced, other services.The primary driver of marina income is the number of slips available for rental, the size of the boat(s) that the slips can accommodate (bigger are more expensive), and the rental rate for each. To supplement this income, smooth out seasonal variations, and cater to customer needs, marinas have complementary services like gasoline, repairs, maintenance, storage, boat sales, and food. Clearly, these "other" sources of income are also levered to the number of boats in the marina and the popularity of the location 1. Today the Marina, while popular and well situated, could easily expand its limited revenue base. The business value today is an estimate the earnings potential of the Marina for the next few years. For a well-developed Marina and with proactive management of the sites portfolio including the business, the site and the money producing components the typical P/E ratio is extraordinary.

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Cash Flow Not Disclosed
Revenue $100,299

Asking Price: $1,920,000

Residential Development Opportunity in Temple, GA!

Temple, GA
Carroll County

There are a variety of options to build on this site. The 48 /- acre property is in Haralson County, right on the edge of Temple, GA, providing the choice to keep current zoning, rezone, or pursue annexation into Temple for additional zoning options.Current A-1 zoning allows for up to 3 homes on the property of at least 5 acres without having to rezone. Other current permitted uses include Livestock Facilities, Vineyards, Timber Production, Commercial Greenhouses, Special Events/Festivals and more. Access the range of A-1 permitted uses or rezone to allow for a subdivision for the highest possible density. R-2 is the highest density zoning in Haralson County, which would allow for roughly 40 homes. Nearby new construction 4-bedroom homes are selling for well over $400,000 per home on smaller lots and over $650,000 on larger lots.Builder friendly lot shape, allowing for even lot splits and maximum density. Relatively uniform grade reduces site work cost while still allowing the possibility for basements. The Atlanta Metro Area continues to expand westward towards Temple, driving demand for new construction homes along the western corridor. Temple has a population expanding by 7% annually, and a median household income of $78,000. The Property has 1,000 feet of frontage on US Hwy 78 and nearly 1/2 mile in depth. Daily traffic averages over 7,800 vehicles passing by and the site is 2.5 miles from I-20. Location and traffic counts provide exposure for advertising.No sewer available. All construction will require use of septic tanks unless annexed into the City of Temple. Water is available along Hwy 78.Just 25 minutes from Douglasville, GA! 45 Minutes from Atlanta, GA! 1 Hour from Marietta, GA! 1 Hour 45 Minutes from Birmingham, AL!Asking Price: $40,000 Per Acre! Asking Price for /- 48 acres: $1,920,000!Comparable properties nearby are listed for more than double this price at roughly $90,000 Per Acre!If interested, please contact us anytime with your e-mail, full name and best contact number using reply to this ad button.

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Cash Flow Not Disclosed
Revenue Not Disclosed

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