Anybody want to buy a Marina

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Orla
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Anybody want to buy a Marina

Postby Orla » Fri Nov 18, 2011 6:49 pm

Oban marina has gone pear shaped, still trading as usual i believe, but for sale.

I wonder how far off Dunstaffnage is from going down the same line, especially with the current owner/management.

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marisca
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Re: Anybody want to buy a Marina

Postby marisca » Fri Nov 18, 2011 7:07 pm

If you have any loose change left over after buying those two, there is also Port Edgar where the cooncil want out.

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Re: Anybody want to buy a Marina

Postby Fingal » Fri Nov 18, 2011 7:12 pm

ScottishMarinas plc. Actually I do know a venture capital guy, maybe I could have a new career as a capitalist exploiter of quite well off boat owners.
Ken
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marisca
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Re: Anybody want to buy a Marina

Postby marisca » Fri Nov 18, 2011 8:03 pm

You're right - swinging moorings are looking better every day.

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Re: Anybody want to buy a Marina

Postby ubergeekian » Sat Nov 19, 2011 2:51 pm

marisca wrote:You're right - swinging moorings are looking better every day.


There's one for sale in Port Bannatyne. Suitable for up to 2.5 tonnes, £500. Not mine.
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Re: Anybody want to buy a Marina

Postby Gardenshed » Sun Nov 20, 2011 2:51 am

How much do they want for the Marina?
If you do some sums on the number of berths, income per m etc and then then the cost of insurance, reinvestment into pontoons etc, it isn't a big money spinner, despite the high cost to the individual users. More of a lifestyle business than a moneymaker

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cpedw
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Re: Anybody want to buy a Marina

Postby cpedw » Sun Nov 20, 2011 4:46 pm

Gardenshed wrote:How much do they want for the Marina?

Graham & Sibbald are selling it but I can't find a mention of it on their website. You could make a quick offer?

Gardenshed wrote:If you do some sums on the number of berths, income per m etc and then then the cost of insurance, reinvestment into pontoons etc, it isn't a big money spinner, despite the high cost to the individual users. More of a lifestyle business than a moneymaker


According to the Oban Times, the marina was running profitably. It's the owner (Shawhead Developments, whatever that is) that has gone bust.

Derek

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Re: Anybody want to buy a Marina

Postby Gardenshed » Mon Nov 21, 2011 9:07 am

Oban Marina Shareholder Funds:-
2010-£476,250 -40.1%
2009-£339,902 -159.2%
2008-£131,135 -191.6%
2007 £143,121

So either Shawead have been using it as a source of funds for their other businesses or it has been losing money. Difficult to know from the abbreviated accounts that are publicly accessible.
Hope they find a new owner operator quickly.

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Re: Anybody want to buy a Marina

Postby MrMcP » Mon Nov 21, 2011 11:44 am

cpedw wrote:According to the Oban Times, the marina was running profitably. It's the owner (Shawhead Developments, whatever that is) that has gone bust.

From memory, they (Shawhead) had a pretty significant marine/leisure business in the Carib. Never really understood where Oban managed to fit into that empire...


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