In many areas of the country, the 2019 boating season came to an end after the Labor Day holiday and the arrival of cooler weather. It’s also the time of year some marina owners may start questioning if they want to run the business another season or list the property for sale.
Deciding to sell is a major decision that may be prompted because of retirement, a partnership dissolution, the owner seeking a new project, excessive workload, or relocation. Once the decision is made, owners should be proactive in preparing their properties for sale and there are a number of factors to consider.