Marina for sale

NH Business Sales · 01-28-2010, 09:39 AM

Good morning folks. I am the listing broker for the opportunity that is generating so much interest. All I can tell you is that I cannot tell you much of anything. We are chosen for engagements such as this because we maintain the confidentiality of the business from speculation by competitors, vendors and employees. An interested qualified party will need to first complete our Confidentiality Agreement on our website, (www.nhbizsales.com ) and then provide proof of the financial ability to complete the transaction.

Sorry I cannot help, but to do otherwise would breach the responsibility I have to my client.”

jack1706 · 01-28-2010, 11:54 AM

NH Biz Sales.......

Are you Kidding ??????

Happy Gourmand · 01-28-2010, 12:44 PM

.....just told us that he can't tell us!!!

lawn psycho · 01-28-2010, 12:45 PM

I don't know the first thing about daily operations of a marina business but looking at that NHbizsales website, I would love to own a garden center.

The $1.75M asking price may get in the way

LIforrelaxin · 01-28-2010, 12:47 PM

Quote:

Originally Posted by NH Business Sales

Good morning folks. I am the listing broker for the opportunity that is generating so much interest. All I can tell you is that I cannot tell you much of anything. We are chosen for engagements such as this because we maintain the confidentiality of the business from speculation by competitors, vendors and employees. An interested qualified party will need to first complete our Confidentiality Agreement on our website, (www.nhbizsales.com ) and then provide proof of the financial ability to complete the transaction.

Sorry I cannot help, but to do otherwise would breach the responsibility I have to my client.”

What a joke, I understand confidentiality, etc. But why am I going to allow you information on my financial status and means, until I know what business is for sale. I believe this add to be clouded by to much mystery to begin with. That to start with, additionally one needs to know what bussiness is for sale to look into the right financial backing......

Why would I waste my time, until I knew what bussiness this really was......

robmac · 01-28-2010, 01:18 PM

I know that when my two partners and I were looking at Adams marine about 4 years ago we had to submit all of that info. I will tell you from looking at that it would be very tough to cover you expenses without both waterfront and docks. Gas barely covers having it, boat sales not consistent, storage, parts and repairs were your lifeline. Knowing marina owners and talking to them it's not an easy business in NE by any means.

BroadHopper · 01-28-2010, 01:46 PM

Says they can establish the business loans. WOW! I feel another FMR.

I couldn't get any kind of a business loan to buy commercial property last summer. Banks are telling me they no longer have loans for new business.

Just as well, after the deal fell through, I discovered the town said I had to connect to sewer about a half mile down the road before I can get an occupancy permit. Something that was nor disclosed during the preliminary closings.

Lots of shady dealings going on lately. make sure you do your homework!

Phantom · 01-28-2010, 01:50 PM

What a despicable piece of subtle advertising!!!!

NH Business Sales comes on here adds absolutely nothing to the thread other than declaring himself to be the agent and where you can contact him

Nice first post NH Business Sales ....... why not join us again when you have something to add to the party!!

Meredith Marina · 01-28-2010, 03:36 PM

Definitely not Meredith Marina. We're not going anywhere any time soon! Think spring everybody!

AkwaMarina · 01-28-2010, 04:13 PM

Maybe you can figure it out from the process of elimination. Defiantly not us.

Pineedles · 01-28-2010, 07:15 PM

I see nothing wrong with NH BIZ's 1st post. It was an attempt to promote his business and that was all. The topic for discussion was posted by someone else and all he did was to state his positon in the sale and confirm that he could not disclose anything about the seller.

If people want to continue to frequent good restaurants, bagel shops, fire engine dealers, and marinas, then I think you should give it a rest as far as criticizing a business broker. His website was informative and in-line with what he stated in his first thread. His firm's service to the Lake's community is needed, and I appreciate it. Some business owners are only exploring whether it is the "right" time to sell their business. NH BIZ lets them do that with confidentiality. There's nothing wrong with that!

jack1706 · 01-28-2010, 07:32 PM

Then why add anything at all ?

they said nothing, contributed nothing , and we all know it goes without saying - that to complete the transaction financials would have to be submitted !

Give me a break !

saying nothing would have been the thing to do.

We'll know where it is in due time, I'm sure ...

Island Life · 01-28-2010, 08:03 PM

It has to be Glendale Marina because that's Round Island. I'm 100% sure. I can even tell you who owns each one of those houses.

Pineedles · 01-28-2010, 08:31 PM

Quote:

Originally Posted by jack1706

Then why add anything at all ?

they said nothing, contributed nothing , and we all know it goes without saying - that to complete the transaction financials would have to be submitted !

Give me a break !

saying nothing would have been the thing to do.

We'll know where it is in due time, I'm sure ...

Put my 2nd sentence and last sentence from my post together, and you'll have your answer as to why he posted.

It was an attempt to promote his business and that was all. There's nothing wrong with that

Please don't be offended by his post, its good marketing.

fatlazyless · 01-28-2010, 08:40 PM

Springtime is normally the start of the real estate selling season, from what I hear. The snow melts, the sun shines, and the buyers start showing up.

It shoulld be very interesting to see what happens this spring, and what happens with the stock market, which probably will effect the waterfront real estate market?

GTO · 01-29-2010, 09:59 AM

Quote:

Originally Posted by Meredith Marina

Definitely not Meredith Marina. We're not going anywhere any time soon! Think spring everybody!

Good news....had me nervous here for a while

VtSteve · 01-30-2010, 12:40 PM

The topic and the questions appeared, so why not a broker? Heck, that's his job.

Price is down to $1.6 mil, so get ready.

ishoot308 · 02-01-2010, 04:42 PM

Quote:

Originally Posted by KarmaGirl

That makes it Glendale Marine. The current owner, Paul, is a terrible businessman and manager. The main strength of the operation is Gary Doherty, an awesome mechanic and sales person. With the right owner(s), Gary would make it a great business. If he leaves Glendale, I'll be following him!

That entire place has serious issues not just Paul!

Pineedles · 02-01-2010, 08:06 PM

Quote:

Originally Posted by KarmaGirl

That makes it Glendale Marine. The current owner, Paul, is a terrible businessman and manager. The main strength of the operation is Gary Doherty, an awesome mechanic and sales person. With the right owner(s), Gary would make it a great business. If he leaves Glendale, I'll be following him!

I think you just managed to have Gary fired, and you too.

Please be careful folks. Your bosses read these posts, as well as your spouse, Mom, Dad, and every other person who you think doesn't read these posts.

Long Pine · 02-02-2010, 09:01 AM

Quote:

Originally Posted by Pineedles

I think you just managed to have Gary fired, and you too.

Please be careful folks. Your bosses read these posts, as well as your spouse, Mom, Dad, and every other person who you think doesn't read these posts.

I took her post to mean that she was a client rather than an employee and that she would be taking her business elsewhere. Certainly agree that if she is an employee, the post was ill-advised.

granitebox · 02-02-2010, 09:09 AM

I took it the same way, I took the following as following him with my business.

BroadHopper · 02-02-2010, 09:20 AM

I can remember to former Marina owners that were a pleasure to deal with. That was the original owner, Captain Goodhue, and Brian Moriarity, who sold it and bought Shep Brorwn's. I had issues with all owners after Brian.

I think a 'dry' marina can work very well with the right management. The building requires extesive repairs and the racks inside needs to be reconfigured for efficiency. The only other problem is the lack of day docking. When everyone wnats their boat at once, like 8 AM Saturday morning, there is not enough docking to provide that kind of service.

If something can be worked out with the town for good business and the building is sold low enough to allow repairs with a mortgage then I think it will be a success.

Otherwise sell the property to the Gilford Islands Association. They are enough of a headache as they are.

Pineedles · 02-02-2010, 09:50 AM

Thanks folks, yes I re-read the post and see the same thing. Sorry.

tis · 02-02-2010, 11:01 AM

Quote:

Originally Posted by BroadHopper

I can remember to former Marina owners that were a pleasure to deal with. That was the original owner, Captain Goodhue, and Brian Moriarity, who sold it and bought Shep Brorwn's. I had issues with all owners after Brian.

I think a 'dry' marina can work very well with the right management. The building requires extesive repairs and the racks inside needs to be reconfigured for efficiency. The only other problem is the lack of day docking. When everyone wnats their boat at once, like 8 AM Saturday morning, there is not enough docking to provide that kind of service.

If something can be worked out with the town for good business and the building is sold low enough to allow repairs with a mortgage then I think it will be a success.

Otherwise sell the property to the Gilford Islands Association. They are enough of a headache as they are.

What a nice guy Brian is! Do you know what he is doing now?

BroadHopper · 02-02-2010, 11:35 AM

He is retired and I think he is or was one of the selectmen. He was in the news a while ago about developing an island on Lake Wicwas.

He skis at Gunstock.

The Watcher · 02-02-2010, 01:36 PM

"What a nice guy Brian is! Do you know what he is doing now?"

http://www.modeltfordsnowmobile.com/index.htm

tis · 02-02-2010, 03:47 PM

Quote:

Originally Posted by BroadHopper

He is retired and I think he is or was one of the selectmen. He was in the news a while ago about developing an island on Lake Wicwas.

He skis at Gunstock.

I remember that. How did it all turn out do you know?

DoTheMath · 02-05-2010, 04:19 PM

I worked for Brian at Browns for a summer back in my younger days - one of the best jobs I ever had, and one of the best bosses... What you saw - and still see with him - is what you got, and no one worked harder in his company than he did!

That is a tough business to be in, compound it with a short season and a relatively finite customer base and you have a huge challenge. Aside of the product, service is key to keeping you afloat (no pun intended there btw...

), if you have great customer service, you might survive. People will go to a marina based just on service, just like they will leave one based on (lousy) service. Now, toss in the economy as it stands today - not a business I'd be looking to get into unless I had some big play money to back me.

And my guess is also Glendale - the picture and description don't fit anything else on that side of the lake. Unless the picture is a bogus broker pic, luring you in... and it is really buried a bit more than it appears...?

01-28-2010, 09:39 AM	#1
NH Business Sales Junior Member Join Date: Mar 2009 Location: Pembroke, NH Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Boatyard For Sale Good morning folks. I am the listing broker for the opportunity that is generating so much interest. All I can tell you is that I cannot tell you much of anything. We are chosen for engagements such as this because we maintain the confidentiality of the business from speculation by competitors, vendors and employees. An interested qualified party will need to first complete our Confidentiality Agreement on our website, (www.nhbizsales.com ) and then provide proof of the financial ability to complete the transaction. Sorry I cannot help, but to do otherwise would breach the responsibility I have to my client.”

01-28-2010, 12:44 PM	#3
Happy Gourmand Senior Member Join Date: Jul 2008 Location: Ruskin FL Posts: 1,027 Thanks: 188 Thanked 322 Times in 179 Posts	NH Business Sales.. .....just told us that he can't tell us!!!

01-28-2010, 01:46 PM	#7
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,582 Thanks: 3,223 Thanked 1,106 Times in 796 Posts	NHBiz.com Says they can establish the business loans. WOW! I feel another FMR. I couldn't get any kind of a business loan to buy commercial property last summer. Banks are telling me they no longer have loans for new business. Just as well, after the deal fell through, I discovered the town said I had to connect to sewer about a half mile down the road before I can get an occupancy permit. Something that was nor disclosed during the preliminary closings. Lots of shady dealings going on lately. make sure you do your homework! __________________ Someday may never be an actual day.

01-28-2010, 01:50 PM	#8
Phantom Senior Member Join Date: Jul 2005 Location: Berlin, Ma / Gilford Posts: 1,934 Thanks: 450 Thanked 605 Times in 341 Posts	What a despicable piece of subtle advertising!!!! NH Business Sales comes on here adds absolutely nothing to the thread other than declaring himself to be the agent and where you can contact him Nice first post NH Business Sales ....... why not join us again when you have something to add to the party!! __________________ *A bad day on the Big Lake (although I've never had one) - Still beats a day at the office!!*

01-28-2010, 03:36 PM	#9
Meredith Marina Junior Member Join Date: Apr 2009 Location: Meredith, NH 03253 Posts: 7 Thanks: 0 Thanked 16 Times in 1 Post	Not Us Definitely not Meredith Marina. We're not going anywhere any time soon! Think spring everybody!

01-28-2010, 11:54 AM	#2
jack1706 Senior Member Join Date: Jul 2008 Location: Ft.Laud.,Fl & Winter Harbor Posts: 150 Thanks: 40 Thanked 19 Times in 17 Posts	NH Biz Sales....... Are you Kidding ??????

01-28-2010, 12:45 PM	#4
lawn psycho Senior Member Join Date: Jul 2009 Location: On the move... Posts: 987 Thanks: 113 Thanked 248 Times in 133 Posts	I don't know the first thing about daily operations of a marina business but looking at that NHbizsales website, I would love to own a garden center. The $1.75M asking price may get in the way

01-28-2010, 01:18 PM	#6
robmac Senior Member Join Date: Jan 2005 Location: Nashua,Meredith Posts: 951 Thanks: 213 Thanked 106 Times in 81 Posts	I know that when my two partners and I were looking at Adams marine about 4 years ago we had to submit all of that info. I will tell you from looking at that it would be very tough to cover you expenses without both waterfront and docks. Gas barely covers having it, boat sales not consistent, storage, parts and repairs were your lifeline. Knowing marina owners and talking to them it's not an easy business in NE by any means.

The Following User Says Thank You to BroadHopper For This Useful Post:
Pineedles (01-28-2010)

01-28-2010, 04:13 PM	#10
AkwaMarina Senior Member Join Date: Mar 2009 Posts: 98 Thanks: 11 Thanked 90 Times in 29 Posts	not us Maybe you can figure it out from the process of elimination. Defiantly not us.

01-28-2010, 07:15 PM	#11
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,545 Thanks: 1,072 Thanked 668 Times in 367 Posts	Nh biz is ok I see nothing wrong with NH BIZ's 1st post. It was an attempt to promote his business and that was all. The topic for discussion was posted by someone else and all he did was to state his positon in the sale and confirm that he could not disclose anything about the seller. If people want to continue to frequent good restaurants, bagel shops, fire engine dealers, and marinas, then I think you should give it a rest as far as criticizing a business broker. His website was informative and in-line with what he stated in his first thread. His firm's service to the Lake's community is needed, and I appreciate it. Some business owners are only exploring whether it is the "right" time to sell their business. NH BIZ lets them do that with confidentiality. There's nothing wrong with that!

The Following 5 Users Say Thank You to Pineedles For This Useful Post:
chipj29 (01-29-2010), Cobalt 25 (01-31-2010), Rattlesnake Gal (02-05-2010), Seaplane Pilot (01-28-2010), VtSteve (01-30-2010)

01-28-2010, 07:32 PM	#12
jack1706 Senior Member Join Date: Jul 2008 Location: Ft.Laud.,Fl & Winter Harbor Posts: 150 Thanks: 40 Thanked 19 Times in 17 Posts	Then why add anything at all ? they said nothing, contributed nothing , and we all know it goes without saying - that to complete the transaction financials would have to be submitted ! Give me a break ! saying nothing would have been the thing to do. We'll know where it is in due time, I'm sure ...

01-28-2010, 08:03 PM	#13
Island Life Senior Member Join Date: May 2006 Posts: 273 Thanks: 12 Thanked 6 Times in 2 Posts	It has to be Glendale Marina because that's Round Island. I'm 100% sure. I can even tell you who owns each one of those houses. __________________ Island Life the way my grandparents' grandparents enjoyed it - but with a faster boat!!!

01-28-2010, 08:40 PM	#15
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,762 Blog Entries: 1 Thanks: 300 Thanked 1,014 Times in 739 Posts	Springtime is normally the start of the real estate selling season, from what I hear. The snow melts, the sun shines, and the buyers start showing up. It shoulld be very interesting to see what happens this spring, and what happens with the stock market, which probably will effect the waterfront real estate market? __________________ ... down and out, liv'n that Walmart side of the lake!

01-30-2010, 12:40 PM	#17
VtSteve Senior Member Join Date: Apr 2008 Posts: 1,320 Blog Entries: 1 Thanks: 230 Thanked 361 Times in 169 Posts	The topic and the questions appeared, so why not a broker? Heck, that's his job. Price is down to $1.6 mil, so get ready.

02-02-2010, 09:09 AM	#21
granitebox Senior Member Join Date: Aug 2008 Location: Steamboat Springs - Bear Island Posts: 157 Thanks: 145 Thanked 81 Times in 36 Posts	I took it the same way, I took the following as following him with my business.

02-02-2010, 09:20 AM	#22
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,582 Thanks: 3,223 Thanked 1,106 Times in 796 Posts	Glendale Marina I can remember to former Marina owners that were a pleasure to deal with. That was the original owner, Captain Goodhue, and Brian Moriarity, who sold it and bought Shep Brorwn's. I had issues with all owners after Brian. I think a 'dry' marina can work very well with the right management. The building requires extesive repairs and the racks inside needs to be reconfigured for efficiency. The only other problem is the lack of day docking. When everyone wnats their boat at once, like 8 AM Saturday morning, there is not enough docking to provide that kind of service. If something can be worked out with the town for good business and the building is sold low enough to allow repairs with a mortgage then I think it will be a success. Otherwise sell the property to the Gilford Islands Association. They are enough of a headache as they are. __________________ Someday may never be an actual day.

02-02-2010, 09:50 AM	#23
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,545 Thanks: 1,072 Thanked 668 Times in 367 Posts	Thanks folks, yes I re-read the post and see the same thing. Sorry.

02-02-2010, 11:35 AM	#25
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,582 Thanks: 3,223 Thanked 1,106 Times in 796 Posts	Brian is in Meredith He is retired and I think he is or was one of the selectmen. He was in the news a while ago about developing an island on Lake Wicwas. He skis at Gunstock. __________________ Someday may never be an actual day.

02-02-2010, 01:36 PM	#26
The Watcher Junior Member Join Date: Aug 2004 Posts: 14 Thanks: 0 Thanked 3 Times in 2 Posts	*"What a nice guy Brian is! Do you know what he is doing now?"* http://www.modeltfordsnowmobile.com/index.htm

02-05-2010, 04:19 PM	#28
DoTheMath Senior Member Join Date: Apr 2004 Location: MA / Moultonborough Posts: 146 Thanks: 46 Thanked 43 Times in 18 Posts	I worked for Brian at Browns for a summer back in my younger days - one of the best jobs I ever had, and one of the best bosses... What you saw - and still see with him - is what you got, and no one worked harder in his company than he did! That is a tough business to be in, compound it with a short season and a relatively finite customer base and you have a huge challenge. Aside of the product, service is key to keeping you afloat (no pun intended there btw... ), if you have great customer service, you might survive. People will go to a marina based just on service, just like they will leave one based on (lousy) service. Now, toss in the economy as it stands today - not a business I'd be looking to get into unless I had some big play money to back me. And my guess is also Glendale - the picture and description don't fit anything else on that side of the lake. Unless the picture is a bogus broker pic, luring you in... and it is really buried a bit more than it appears...?