Marinas sell and finance as operating businesses, and the firm appraises them that way.
Slip income, dry storage, fuel, service and leased space are valued together as a going concern, and the value is allocated among the real property, the equipment and the business intangibles for lenders, SBA loan programs, buyers and investors. The report states the market value of the real property as its own figure.
A marina’s value rests on its slips, its services, its leases and the water it sits on.
Slips, storage and services
Occupancy, waitlists, rates per linear foot and the mix of annual and transient contracts, together with the margins, staffing and permits behind fuel, service and the ship store.
Leased space and condition
Restaurants, offices and clubs on site and the leases that support them, and the condition of the docks, bulkheads, dredging, utilities and storm exposure.
Submerged land and expansion
State and federal submerged land leases, their terms and their renewal risk, and any added slips, dry stack or amenities with the lease-up behind them.
The firm values marinas for four kinds of assignment.
Going-concern appraisals
The firm appraises the going concern and the real property for lenders and SBA loan programs, with the value allocated among the real property, the equipment and the business intangibles.
Portfolio valuations
The firm values single marinas and portfolios, including portfolio valuations supporting a private equity acquisition.
Waterfront feasibility
Feasibility studies for urban and suburban marinas and for waterfront redevelopments.
Prospective values
Values as of a future date for marinas under construction, expansion or repositioning.
From an aging marina district to The Wharf
The firm’s founder prepared the feasibility study for the proposed mixed-use redevelopment of Washington’s Southwest Waterfront, an aging marina district the city sought to revitalize, and was involved from the earliest planning stage.
The project became The Wharf, built in two phases between 2014 and 2022.
Engagements begin with the marina, the decision it supports and the date the report is needed, and the firm confirms scope, fee and delivery date in writing.
The firm replies within one business day and arranges a call from there.
DC Metro: 1640 Boro Place, 4th Floor, McLean, VA 22102
Northeast Florida: 425 Town Plaza Ave, Ponte Vedra, FL 32081
Northeast Ohio: 1409 W. 10th Street, Cleveland, OH 44113