Quote:
Originally Posted by TomC
how could anyone generate enough revenue at a marina in <6 months to cover that kind of purchase price ($2M)?
I don't know how you could make a go of it..
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Partial answer, and no verification on numbers. Looks a lot like Glendale to me.
http://www.businessmart.com/business...-new-hampshire
Let's say you get it for $1.5 or so. Bank 60% of inventory sold. The $275 K cash flow isn't huge, and probably means that no higher-margin services or sales have been done. But it's an approximate 30% pre-tax return (cash flow is not net income, so that could also be played with.
Personally, depending on the real values, I'd take the inventory at 25% and write off the furniture and fixture value at the beginning. As it sits, $1.2 depending on surveying, analysis of potential ground contamination problems, permits, etc...
And this description will confirm, (I think).
http://www.glendalemarineltd.com/Rentals.html