New York Vineyards For Sale

More details for Marina Central New Jersey, Sewaren, NJ - Specialty for Sale

Marina Central New Jersey - Marina Central New Jersey

Sewaren, NJ 07077

Vineyard
Specialty for Sale
$2,721,922 CAD
2,437 SF

Waterfront

Sewaren Specialty for Sale - North Edison/Woodbridge

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 $2000 to $3000 per boat annually. That brings in $50k for slip rental along with $20k 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.

Contact:

Executive Business Brokers

Property Subtype:

Marina

Date on Market:

2023-03-08

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Vineyards For Sale

Vineyards

Buying a vineyard or winery is a great opportunity to get into the wine business. When investing in a vineyard you will be able to make wines of all types and flavors, from traditional Old World varieties like Cabernet Sauvignon to popular New World styles such as Pinot Noir or Chardonnay. With so many wineries and vineyards available, there is a lot of opportunities and that means that there are plenty of high-quality grapes and winemaking facilities available for purchase.

If you're interested in getting into the wine business, purchasing a winery or vineyard is the best way to start.

Why buy a vineyard instead of just land?

When you buy a vineyard, you're not just getting the land; you're usually also getting the vines, the winemaking equipment, and the knowledge of the current owner. This can be a huge advantage, especially if you're new to the wine business. The current owner will likely be happy to help you get started and share their years of experience in the industry.

Another advantage of buying a vineyard is that you'll have a ready-made market for your wines. Many wineries and vineyards sell their products directly to consumers, either through their own tasting rooms or through online wine stores. This can be a great way to make a profit and build a loyal customer base.

If you're interested in purchasing a vineyard or winery, there are plenty of options available. Just do your research and make sure you find a property that fits your needs and budget.

What to look for when buying a vineyard?

When you're looking for a vineyard to purchase, there are a few things you'll want to keep in mind:

Location: The location of the vineyard is key. It should be close to transportation routes and major population centers so that it's easy to get your wines to consumers.

Climate: The climate of the vineyard should be suitable for the types of grapes you want to grow. For example, if you want to grow Cabernet Sauvignon, you'll need a vineyard that is located in a warm, dry climate.

Soil: The soil of the vineyard should be fertile and well-drained so that it's easy to grow grapes.

Vine age: The older the vines, the better. Older vines are more productive and have a higher quality of fruit.

Size: The vineyard should be large enough to produce a significant amount of wine.

As you can see, there are a few things to keep in mind when purchasing a vineyard. By doing your research and taking the time to find the right property, you'll be on your way to starting a successful wine business.

What areas are wineries and vineyards usually available?

There are wineries and vineyards available for purchase in all parts of the world. Some of the most popular areas include California, New York, Texas, Oregon, Colorado, Washington, Virginia, Ohio, France, Italy, and Spain. However, there are wineries and vineyards available for purchase in all kinds of locations, so no matter where you live, you should be able to find a property that suits your needs.

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Vineyard for Sale within 50 kilometers of New York, NY, USA