The business of boating is in a good place in 2017. For evidence, look no further than the deal that Suntex Marina Investors LLC and Seven Kings Holdings Inc. announced in April.
Marinas and Boatyards
Marinas and boatyards offer the vital services, ranging from repairs to slips and seasonal storage, that boaters require. Because they're in regular contact with boat owners, these businesses can take the pulse of the recreational boating industry every day. Developments such as new facilities and new services at these sites help to drive the industry forward.
In 2005, the eye of Hurricane Katrina made its final landfall on the Mississippi Gulf Coast, devastating towns such as Bay St. Louis, where the waterfront and downtown suffered heavy damage.
In the not-so-distant past, a marina typically consisted of some docks and pilings, maybe a fuel dock, perhaps a ship’s store or some bait and tackle, and not a lot else. That was when the facilities were so full they often had wait lists. It was also before the real estate bust of 2008, after…more
Marina Jack in Sarasota, Fla., is putting the finishing touches on a new branch of its business — a full-service boatyard for vessels as large as 65 feet that includes a 70-ton Travelift, dry-stack storage for 50 boats, a fuel dock, ship’s store, upgraded docks and power, and a team of seven technicians.
Children built tiny props under the supervision of propeller shop employees and tested them on radio-controlled boats in drag races. Families sat down together to build Lego ships at a Fort Lauderdale booth manned by staff from a maritime training school.
The water bug has long been a part of my life. As a young child I sailed the Chesapeake with family and friends. I learned to race sailboats as small as Penguins to crew on offshore handicap.
I grew up in the Philadelphia area from the 1950s to 1965, and we vacationed in Avalon, N.J., for two weeks every summer. I loved the beach, but I really loved renting a small wooden boat with a small outboard to go fishing and exploring with my dad and cousin.
How’s this for longevity: a marina established in 1912 that is still going strong — even growing —103 years later. And run by the great-grandson and great-great-grandson of the founder.
When Texan Pat Zagar moved his boat salvage business three years ago, he had to find a way to dispose of the 200 hulls stored on his property. “I’m in the boat recycling business, and I could not find a place that would take the fiberglass,” says Zagar, 57, of Houston, who dismantles boats for…more
Westrec Marinas has begun to manage two facilities on Florida’s west coast that investors recently purchased, the marina operator/owner said at the Fort Lauderdale International Boat Show.