Retail - Marine Dealers and Equipment | Retail - Bars/Taverns

Asking Price	$14,000,000	Inventory	32000*
Gross Income	Not Disclosed	Real Estate	$10,000,000*
Cash Flow	Not Disclosed	Year Established	1974
FF&E	18000*	Employees	8

* included in the asking price

** not included in the asking price

Conveniently located off a River tributary of the Chesapeake Bay, and just minutes from Annapolis, Maryland, this Marina is a full service, family-oriented marina providing open and covered slips, haul out services, storage and many other yard repairs and services. The Chesapeake Bay is the largest estuary, a semi-enclosed coastal body of water with a free connection to the open sea. The current Marina building is used for Marina operations, storage, office space and apartments. All of the bulk heads are less than 2 years old! The owners use day labor to install all decking, carpentry work, electrical and plumbing work. The 5,995 square foot Restaurant serves all ages, with an outside waterfront deck area, and a large outdoor sand area with beach volleyball. Weekends include live music and an occasional charity fund-raiser. The restaurant is large and offers two large dining rooms and a bar surrounded by windows and glass doors. A large wrap-around deck surrounds the restaurant with a comfortable outdoor bar and plenty of umbrella picnic tables. The owner would consider selling the restaurant and parcel separate form the entire package (call for details). Restaurant hours are Mondays 5:00PM-10P.M., Tuesday-Sunday 11:30A.M.-10P.M. The entire property has a clear title, and is environmentally acceptable to current laws. Arial photo shows entire area of parcels included in the entire sale. 5 parcels, a total pf 10.02 acres included in sale. 3.3 acres water front, 3 acres water view, 2.34 acres water front with 5,995 square foot Restaurant, 0.82 acres water front with 8,748 square foot 2-Story marina, 0.56 acres water view with 1,896 square foot wood shingle residence. Anne Arundel county Maryland information: http://www.mdarchives.state.md.us/msa/mdmanual/36loc/an/html/an.html Please email contact information for details.

Facilities: Most shoreline is East-facing, offering gorgeous sunrise views across a half mile view to the Chesapeake Bay from all accommodations and marina slips. Marina Growth Potential: A marina expansion site has been approved for future growth, which will allow approximately 240 additional boat slips, bringing the total marina project to 422 slips. At current slip rental rates, Restaurant revenues and other income, the marina project's gross annual revenue will be increased to well over $8 million, with total operating cost of $340,000.

Competition: Because of the high demand and value of lake front property for residential use, there are no new marinas or any planned on the Bay inlets. There are other similar marinas/restaurants but not with this location to highways. Marina and Restaurant is easily accessible from the major nearby road, with current vehicular traffic at 45,675 vehicles per day (2006). With a well known restaurant anchored at the site, and the marina expansion completed, marina income and potential will skyrocket. There is more demand than supply in this area.

Growth/Expansion: Strong potential for growth with the Marina operations and Restaurant. Restaurant: The current Restaurant owner s lease the entire operations from the Marina owner at $8,500 per month. The owner has had interest from numerous large Restaurants to lease the establishment. Tony and Joe s, Outback Steakhouse and Hooter s are among the few.

Financing: Yes, owner will finance up to 75% of sale price!

Support/Training: Yes, Seller will train. The owner s experience of more than 30 years includes, five full managing partners in five major construction companies, electricity and plumbing will help in the build-out of marina expansion plans.

Reason Selling: Semi-retirement.