Skip to main content

Nautical Ventures Group expands and adds marina

The company plans to repair and improve Anglers Marina on Dania Beach at 4470 Anglers Ave., next to InterMarine and adjacent to Sundance Marine.

The company plans to repair and improve Anglers Marina on Dania Beach at 4470 Anglers Ave., next to InterMarine and adjacent to Sundance Marine.

Nautical Ventures Group has taken over operations of Anglers Marina in Dania Beach via a lease with the option to buy, and will rebrand the entity as Nautical Ventures Marine Center.

The dealership is planning construction at the 10-acre site, including a new 200-unit dry stack, a 15,000-square-foot showroom, a ship’s store, and a waterfront restaurant with tiki bar, marketing director Frank Ferraro told Trade Only Today.

There are two Anglers marinas in Dania Beach; this one is located at 4470 Anglers Ave.

Construction of a new 5,000-square-foot boat sales and watersports showroom, which will include a second level for corporate offices, marina restaurants and ships store, is targeted for completion in 18 months, Ferraro said.

“The first phase is cleanup and removal of debris, derelict boats and accounts,” Ferraro told Trade Only Today. “We have a waiting list of customers from other marinas in the area that are closing due to airport development, and we expect all wet docks and dry slots will be filled by Nov. 1.”

There are also plans to update a six-bay, solar-powered service building over the next two months, and improve infrastructure for 120 wet slips that will also serve as the future home of Nautical Ventures Boat Club. A newly-constructed custom houseboat is docked onsite to serve as an interim sales, brokerage and boat club office.

Phase two will be to relocate service operations from the current location at 50 S. Bryan Rd. to the new site within 60 days. Resurfacing and landscaping at the new location will also occur during that timeframe.

Nautical Ventures plans to buy the operation in five years, Ferraro said, and will take over revenue in September.

“It was originally for sale, but then it turned into lease option, and an option to buy for an undisclosed price in five years,” said Ferraro. “The current owner does not want to own this marina, and it needs a lot of repair. It needs a full facelift over the next five years, and then we’ll buy it at a prearranged price negotiated now. Anything spent annually in rent goes to purchase price.”

The company is looking at the possibility of acquiring additional marinas and dealership locations in a few key areas if the opportunities arise, Ferraro said. 

Related

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .