Montague Harbour Marina is for sale.

[Aquaholic]

3.695 million.
Montague Harbour Marina is a must stop destination for all BC boaters and visitors. Situated on Galiano Island in one of the nicest harbours on the BC Coast, Montgue Harbour Marina is a well managed, well maintained facility that offers a wide range of services for boaters and island visitors.

Gulf Island Marina For Sale | Galiano Island

One of BC's favourite boating destinations, Galiano's Montague Harbour Marina

www.uniqueproperties.ca

 

[Rain City]

3.695 million.
Montague Harbour Marina is a must stop destination for all BC boaters and visitors. Situated on Galiano Island in one of the nicest harbours on the BC Coast, Montgue Harbour Marina is a well managed, well maintained facility that offers a wide range of services for boaters and island visitors.

Gulf Island Marina For Sale | Galiano Island

One of BC's favourite boating destinations, Galiano's Montague Harbour Marina

www.uniqueproperties.ca

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Is that photoshopped or is that a cutwater rendezvous?

 

[Aquaholic]

Is that photoshopped or is that a cutwater rendezvous?

Looks like a file photo they gave to Colliers for the ad, probably during a rendezvous.

I love that place, so many great weekends there, taking the bus to that Hummingbird pub.

 

[hippaisland]

Is that photoshopped or is that a cutwater rendezvous?

Taken during the Galiano Salmon Classic Derby duh!. Coming back last week of May. Derby info will be out shortly!

 

[ship happens]

Did the restaurant ever reopen after the covid crisis?

I want in

 

[Aquaholic]

Did the restaurant ever reopen after the covid crisis?

I want in

No kidding. How many members here?

Watch RVYC buy it as another out station.

 

[macro]

Time to organize a group buy. 100 shares --- 36k per share? Seems like a decent price for your own boat parking spot... rent out the restaurant to cover expenses.

 

[Rain City]

Time to organize a group buy. 100 shares --- 36k per share? Seems like a decent price for your own boat parking spot... rent out the restaurant to cover expenses.

Until we all have to pay another 100k each to deal with the environmental disaster the fuel dock is probably causing.

 

[macro]

Until we all have to pay another 100k each to deal with the environmental disaster the fuel dock is probably causing.

Okay - RC is out.. Guess I'll take his share...

 

[Rain City]

Okay - RC is out.. Guess I'll take his share...

Now now. Let's not make any rash decisions here. I'm in-ish.

 

[Aquaholic]

Until we all have to pay another 100k each to deal with the environmental disaster the fuel dock is probably causing.

Subject to environmental, with holdbacks etc. etc. You would need a good commercial realtor to write the deal with legal advice and approval.

 

[kaelc]

Who knows how to run a restaurant profitably in a small market? I could likely handle the hiring, is there is some staff accommodation?

Doesnt the Mill Bay group buy everything? Why isn't this in their port folio or Willies?

 

[spring time]

Who knows how to run a restaurant profitably in a small market? I could likely handle the hiring, is there is some staff accommodation?

Doesnt the Mill Bay group buy everything? Why isn't this in their port folio or Willies?

Doesn’t rain city do deep fried chicken and claims to be the best

Just saying

 

[walleyes]

Best case scenario in order to buy it, upgrade it and have some working capital to keep you afloat that’s a 4 mill investment min.
Pretty tough to make it pay for that loan never mind the upkeep and pay yourself a decent wage. Especially with interest rates going up the way they are be hard to even service the debt. Nope I’ll pass.

 

[23Hourston]

Best case scenario in order to buy it, upgrade it and have some working capital to keep you afloat that’s a 4 mill investment min.
Pretty tough to make it pay for that loan never mind the upkeep and pay yourself a decent wage. Especially with interest rates going up the way they are be hard to even service the debt. Nope I’ll pass.

The voice of reason has spoken.
fun to dream

 

[Aquaholic]

Best case scenario in order to buy it, upgrade it and have some working capital to keep you afloat that’s a 4 mill investment min.
Pretty tough to make it pay for that loan never mind the upkeep and pay yourself a decent wage. Especially with interest rates going up the way they are be hard to even service the debt. Nope I’ll pass.

would you really say that before signing a Non Disclosure Agreement and seeing the books?

 

[beemer]

Its all about the lease.

 

[ab1752]

I'm calling head bartender, I made a killer pink lady at the Cannery back in the day. Gonna be the best $100k I've ever spent.

 

[ship happens]

Hey at least we can buy fuel at wholesale value. Beats what they want at the fuel dock right now

 

[walleyes]

would you really say that before signing a Non Disclosure Agreement and seeing the books?

Yup,, I can see what’s there in the pics. Do a quick evaluation on revenue from slips, some small store selling trinkets and a restaurant that only needs to be open for 4 months of the year.

Been in and out of few different businesses now spanning close to 30 years and have developed a pretty good sense of what it takes to make things work. I know what it takes to service debt, pay salaries, upkeep equipment and grow.

Not saying the debt can’t be serviced but there’s a lot of maintenance in a place like that and wages to be paid and look at the work involved in running a place like that one would expect to pay themselves a respectable salary while doing all that. Theres a reason so many of these places out on the coast just keep getting older and older and older. Takes lots of money this day and age to operate a business with today’s wages and taxes and just look at the cost of ****. We can all earn a pretty decent wage this day and age. 5 months of revenue doesn’t cut it any more,

But hey if someone wants to give it a go best oh luck to them.