Okay, here we go. I am seriously researching a major life change- buying a marina. I've checked into 'building' one--too much red-tape.
I have successfully owned a lot of real estate, and currently have my own marketing firm (that I will sell if I pull the trigger). But, my entreprenurial spirit is rising ... again.
I guess I am just looking for a sounding board and/or reasons to or not to buy.
Currently looking at locations from Maryland down through Hilton Head, SC. And possibly the west coast of Florida, as well.
I love running a business and running my boat- why not combine the two? The family (wife/kids) think it would be a perfect fit for our lifestyle. I have grown up around marina operations, so am at least somewhat familiar with how they run and some of the pitfalls, etc.
Do any of you have any experience with this? I am not looking at buying some huge resort/marina complex. BUT, I am not looking for some 2nd class dump either. I want a nice marina from 50-150 slips, with REAL boaters-not just tourists, rack storage, parts/service, possible brokerage, restaurant, etc. in a NICE setting with room for expansion.
Any thoughts, insight, pointers, or whatever would be appreciated ...
Nothing else matters but how I raise my children ... and their opinion of me, as a father.