Joe Fischer, BCB Board Certified Broker
Marina For Sale – Southwest full service #30001
December 15, 2008 1call

Marina For Sale – Southwest full service #30001

Posted in SOLD Listings

Premier Full Service Marina  #30001   Dallas area   MAKE AN OFFER
One of the premier full service Marinas in Texas. It is located on one of the largest lakes in Texas and is within one hour drive of Dallas. Due to a drought in 2005-2006, this facility was in need of major repair and update. The current owner has completely refurbished, repaired, remodeled, etc the whole facility. All real estate is included in the price and a recent appraisal shows a value of $1,740,000 for the real estate, facility, boat slips, and service area. . Revenues are increasing and cash flow for 2010 is $200,000. All of the work has been done to make this the premier property that it is. It is the only spot on the lake with a dry dock for boats for service on the water. The next owner will reap the profits. 105 lease-able boat slips, 2 digital gasoline double pumps, slips for restaurant/bar customers, full bar, restaurant, C-store for groceries and beer, complete service department for boat repairs, and more…..As you may remember,  2011 was drought year for Texas and the lake was down 7+ feet for the last part of the summer and the fall. This produced reduced revenues for this period. However, with the much needed rains in the spring, the lake is full and the marina re-opened in 2012. However, 2013 produced another drought and the marina closed prematurely in August of 2013.  The bank said enough and has requested a reasonable offer for the marina………………….