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Anybody want to buy a Marina

Posted: Fri Nov 18, 2011 6:49 pm
by Orla
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.

Re: Anybody want to buy a Marina

Posted: Fri Nov 18, 2011 7:07 pm
by marisca
If you have any loose change left over after buying those two, there is also Port Edgar where the cooncil want out.

Re: Anybody want to buy a Marina

Posted: Fri Nov 18, 2011 7:12 pm
by Fingal
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.

Re: Anybody want to buy a Marina

Posted: Fri Nov 18, 2011 8:03 pm
by marisca
You're right - swinging moorings are looking better every day.

Re: Anybody want to buy a Marina

Posted: Sat Nov 19, 2011 2:51 pm
by ubergeekian
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.

Re: Anybody want to buy a Marina

Posted: Sun Nov 20, 2011 2:51 am
by Gardenshed
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

Re: Anybody want to buy a Marina

Posted: Sun Nov 20, 2011 4:46 pm
by cpedw
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

Re: Anybody want to buy a Marina

Posted: Mon Nov 21, 2011 9:07 am
by Gardenshed
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.

Re: Anybody want to buy a Marina

Posted: Mon Nov 21, 2011 11:44 am
by MrMcP
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...