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Affordable 100-slip Marina In Enderby For Sale

Enderby, British Columbia, Canada
Asking Price:
$699,999 (CAD) Furniture / Fixtures included
Sales Revenue:
$235,532 (CAD)
Cash Flow:
$139,372 (CAD)

Rare opportunity to acquire 100-Slip Marina on one of British Columbia's most picturesque southern lakes.
Would suit Owner / Operator (rather than installing a manager).

Acquisition includes:

- 100 slip marina on two department of forestry foreshore leases
- Convenience store fully renovated in 2020 with boat gas station
- Food Trailer built and operating in 2023
- Rental boats (ski and fishing), Seadoos, kayaks, canoes and paddle boards

Earn all your income for the year in 16 weeks, and then relax for the remainder. A beautiful business model!

The last affordable lake properties in the Okanagan with development poised to take off

Limited existing competition with no possibility of new marina development

Situated at Mabel Lake on the mouth of the Shuswap River 30 minutes drive East from Enderby and centrally located one hour from Vernon and Salmon Arm.1.5 hours from Kelowna.

List Price includes $400,000 of equipment, assets and inventory.

Property Information

Real Estate:

Lease

Living Accommodation:

Owners Condo on the Lake is available as a separate transaction

Location:

The natural setting and access to a 35 km long lake make this a popular destination for BC, AB and SK residents. The last affordable lake properties in the Okanagan with further development poised to take off, new campground / cabins planned and vacant lots being snapped up means demand for slips and summer entertainment will continue to increase.

Premises Details:

The store provides snacks, drinks, ice cream, coffee, non-perishable groceries, general merchandise, ice and a gas pump with two hoses to fill up the steady flow of boats. Outside the store is a sitting/eating area. The store caters to boaters, campers, seasonal vacationers and locals during this time.

A recent addition to the business is a food trailer that is conveniently parked next to the convenience store. Operating 5 days a week for lunch and dinner, Eddy’s is the only venue in the area that serves hot dogs, slushies and soft ice cream. The diner also provides a variety of 14” pizzas that can be ready in as little as 6 minutes for a quick and easy meal as
customers head out for a day’s boating or heading home after a sun-drenched day of skiing.

The dock system consists of large cedar log floats with 4x4 sub structure and cedar 2x6 planking, totaling approximately 100,000 board feet of material.The dock’s fingers have been upgraded to aluminum pontoon floats with 3x6 fir and 4x4 cedar sub-structure and 2x6 planking.

In 2021 a large section of the main dock, plus all the gangplanks were replaced with aluminum/composite sections to reduce ongoing maintenance requirements.

Business Operation

Expansion Potential:

Lake is under served/serviced and as such many business and growth opportunities exist including:

• Expanding food offerings in the food trailer
• Expanding general store sales into fresh food, local art and other
• Increasing rental fleet to include pontoon and wake boats
• Expanding into alcohol sales (pending approvals).
• Starting a boat/vehicle storage operation (land would need to be acquired)

Boat rentals currently include Seadoo Sparks, fishing boats, canoes, kayaks and paddle boards. Extremely popular, the fleet could be expanded to include the ski boat included with the purchase, as well as pontoon boats and increasing the number of personal watercraft.

Competition / Market:

Limited Competition.

Reasons for selling:

Owners are moving abroad.

Years established:
Since 1955

Other Information

Support & training:

Owners are willing to assist new buyers with transition.

Furniture / Fixtures value:
$400,000 (CAD) - included in the asking price