Anybody want to buy a Marina

[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.

[marisca]

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

[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.

[marisca]

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

[ubergeekian]

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.

[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

[cpedw]

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?

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

[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.

[MrMcP]

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...