The magazine and website Marina Dock Age offers helpful considerations if you feel it's time to explore selling your marina:
"As the marina market has exploded over the past few years, many marina owners may be wondering if now is the time to sell. The question can be difficult to answer, especially for family-owned facilities that have been part of a life for decades. But as age creeps up and the physical demands of running a marina during a boating boom become challenging, an exit may seem appealing."
The article continues: "[T]he best way to determine a price will always be to have an evaluation and valuation done on the property, which is best completed by professional appraisers and/or brokers."
Arriving at the valuation of your marina, working with a marina broker, and other topics are also covered.
Click here for the full story in Marina Dock Age.
Similarly, click the following link for the Marinas.com exclusive report on investing in marinas.