Business For Sale · Retail

70 MARINE DRIVE, Trent Hills

70 MARINE DRIVE, Trent Hills, ON K0L1Y0

$1.9M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

99%

Lot Size

1.69 ac

About this property

Fantastic opportunity to live right on the water and be in control of your business and lifestyle, just as these owners have done for years. The well-established marina has had tremendous success with incredible opportunity for further future growth. Possibilities include running as a marina, including snowmobile, boat, and personal watercraft sales, selling manufactured docking systems, etc. The current owners provide repairs to all makes and models of boats, personal watercraft, indoor and outdoor storage, shrink wrap and winterization, dock rentals, upholstery boat seats, boat tops and covers, marine parts and services and Pontoon restoration. Approx. 8600 sq. ft. of enclosed storage space, 14 ft. high inside set up into 4 bays. Perfect for off-season indoor storage and/or manufacturing. Approx. 1250 sq. ft. of heated shop 9 ft. high inside. Approx. 1200 sq. ft. showroom with 8 ft. door. Approx. 255 sq. ft. upholstery room. Customer 3 pc bath just being renovated. The owners' 3-bedroom home above the shops is beautifully maintained and updated with fantastic views over the docks and water. The owners plan on moving close by and are willing to stay on as employees or to help transition the business seamlessly. Water out under the docks is leased from Parks Canada with a 'Docking Facilities License' for $440.00 plus HST and transferrable. This is the perfect opportunity for those wanting to create their own future and build a business and life they love. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.85M
Down payment30% · $555K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$105K

Annual cash flow

$2K

Cash-on-cash

0.42%

DSCR

1.02

Going-in cap

5.67%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

95,159

Households

35,414

Median income

$88,000

Median age

44.5

Daytime population

150,935

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 70 MARINE DRIVE, Trent Hills.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.