Marina Sold: Port Charles Harbor – Missouri

Overview

Simply Marinas represented both parties for a quick seamless closing. The sale was handled confidentially by the Simply Marinas team.

Full service marina with an RV component with a reputation for serving customers which is second to none and has made it a “preferred and trusted” partner to so many --including insurance companies. The marina has a strategic advantage as the major stop over for boats traveling south for the winter and north in the spring and for the boaters doing America’s Great Loop Circle. The setting has a spectacular view of the river and on the river front in a protected harbor and in a popular area where there are many sand bars which boaters enjoy. It is an established success story spanning over three generations. The fact that its employees have been there for many years, and that its clients have developed long term loyalty speaks volumes.

Local Broker of Record:
Cort Schneider

SCHNEIDER Real Estate
1551 Wall Street, Suite 140 St., Charles, MO, 63303

Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
352.262.5784
george.ash@simplymarinas.com

Highlights

99 covered slips and additional 6 non covered slips for transients
21.45 acres of uplands owned in fee simple
Boat sizes range from 10’ to 60 foot in the harbor
Dry Storage for 50 Boats
7 RV Spots with electric and water hook ups
Ramp, Ships Store, Parts Department
Fuel dock for gas, diesel and pump out
Sells approximately 75,000 gallons of Gas/Diesel in a normal year
Service Department for work on all systems
Certified with MercCruiser, Volvo Diesel, Gas and IPS, Crusader Engines and Westerbeke Generators
Two travel lifts a 60 and 70 ton, and a large forklift
Fiberglass and Gel-Cote Repairs, Hull Painting, Bottom Painting
Used Boat Sales
Three tow boats and currently has a contract with TowBoatU.S
Parts inventory is over $125,000

The Opportunity

Add more boat slips and land-side boat storage: The harbor could be expanded with more docks. Ownership has a permit with the USACE to excavate and expand the harbor to the tune of 30+/- slips. They sellers have already began excavation towards slip expansion. Additionally, there is room for a rate increase due to the high demand for slips right now.

Dry storage area can be expanded for an additional 50+/- boats by laying out gravel on the currently grassy area.

Rack storage can also be added for approximately 200 boats. Nearby rack storage facilities are at full capacity with a wait list.

The upland can be further be utilized to expand on the RV component. A restroom and shower facility could be added on the river side of the harbor, as well as an additional service bay to the existing service department. The office area could be expanded giving more room for the parts department and the ships store. A swimming pool could be added. A new owner could employ more technicians which would increase the revenue.