Boat and Yacht Marina
 
Excellent plan used to purchase existing marina by obtaining bank financing. The principals had marina management experience and some start-up capital.
The Marina Place, is a STATE based marine services company. Originally founded in 1995, The Marina Place has failed to keep pace with current industry growth patterns. At the same time the boating industry has experienced growth and prosperity, The Marina Place has maintained status quo and stagnant sales. The new owners, Edgar Pekin and Jeff Minor, see Yacht Marina, LLC becoming the local leader in marine service, boat storage, and boat and chandlery sales.
Yacht Marina will offer boat services, boat storage, slip rental and chandlery sales. Boat servicing will include all interior and exterior servicing, marine repairs and refits including mechanical repairs, painting bottoms and topsides, and welding and metal fabrication. Boat storage will be provided on the three-acre property with capacity for 50 boats. Slip rental will be provided using 25 slips on the 550 feet of waterfront. Lastly, retail sales will be offered in the full time chandlery, including paints, varnishes, marine fasteners, chain, ground tackle and marine cleaning supplies.
The new owners, Edgar Pekin and Jeff Minor, have extensive experience in managing and servicing yachts and boats of all sizes. Mr. Pekin has been the Chief Executive Officer and Managing Director of Sunny Yacht Services Company., since 1993. He holds a bachelor's degree from State University and is responsible for all daily operations and company finances at Sunny Yacht Services Company. Mr. Minor is experienced in all phases of charter and yacht management and oversees project management and service that goes on at Sunny Yacht Services. Both gentlemen have vast knowledge of yachts and customer service coupled with the enthusiasm and direct experience in this specific business to make Yacht Marina successful.
Yacht Marina is seeking financing in the amount of $225,000 to be used to purchase land, equipment, and working capital. The funds will be used to purchase the existing business and all property of Yacht Marina. The property was appraised in 1998 at $296,000 and equipment/inventory estimated at $125,000. The business is being purchased for $375,000 of which the principals are providing $175,000. The financed amount of $225,000 will be divided into $200,000 towards the purchase and $25,000 will be retained for working capital. The funds will be repaid through yearly income and operations.
The last reported yearly earnings for Yacht Marina were estimated at $70,000 in 1999. Revenues are projected to exceed $124,000 and $169,000 for the year ending March 31, 2002 and March 31, 2003, respectively. The increase in revenue is attributed to the future expanded services, quality repair, and professional management. Slip rental and boat storage income will cover over 60 percent of projected monthly fixed costs in the first year.
Yacht Marina will target local and regional yachtsmen through newspaper advertising, organization involvement, and promotions. The State has experienced a 12% increase in boating registrations and expenditures over the last three years. The boating market continues to increase and gain popularity on which Yacht Marina will capitalize.
This business plan will address Yacht Marina LLC's business situation, future goals, and financial situation. It is organized in such a way as to describe the company history, function and in-depth management within the Company Analysis. The Market Analysis will feature the specific services offered by Yacht Marina, promotional campaign, competitive situation and industry classification. The Financial Analysis is presented in the Appendix and describes the feasibility of Yacht Marina LLC as a going concern. After reading this business plan, you will know Yacht Marina's story and financial security. The principals of Yacht Marina are confident that operational efficiencies and profitability will lead to a very successful business.
 
Can't find the plan you need? Let us know and we will find it.