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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: $229,900

Profitable Franchise Cleaning Service 2 Territories

Not Disclosed, NJ
Middlesex County

Established in early 2015, this cleaning service location has grown into a successful and profitable business with a loyal and reliable customer base. After a decade of consistent performance, the current owner is seeking to sell to focus on other projects. This is an attractive opportunity for an individual seeking the benefits of small business ownership within an established and supportive business model.The business is cash flow positive , and there is significant opportunity for growth within the territory for always-in-demand cleaning services. The business is relatively easy to operate, providing owner flexibility. For those interested in absentee ownership, the operations can be managed on a part-time basis by one office staff member.The business currently employs a dedicated, hard-working, and seasoned staff of 5 employees who are well-versed in operations, reliable, and pleasant to work with. The territory also boasts attractive demographics, beneficial from both customer and employee perspectives.Thank you for taking the time to learn about our franchise. Please fill out the designated form with your contact details to receive more information. Rest assured, our automated system ensures speedy and efficient processing of non-disclosure agreements (NDAs) and information sharing. You will receive a link to our online NDA, which can be signed electronically. We recommend checking your junk mail folder if you do not find the NDA email in your inbox. Once we receive your completed NDA, we will promptly send you the Confidential Business Review (CBR). Our team will be delighted to address any questions or correspond with you directly. Thank you once again for your valuable time and consideration!

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Cash Flow $96,576
Revenue $312,551
$ Owner Financing Available

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