Raising Capital - Marina in East Texas
February 26, 2024
by a searcher from Dallas Baptist University in Dallas, TX, USA
I'm an independent sponsor raising capital to buy a marina. The marina is located on a lake in East Texas that is growing quickly and becoming more affluent and exclusive. There is zero competition risk. No other marina on the lake. Has the only fuel dock on the entire lake. Upside is attractive. 25%-30% ROI. Opportunity to grow EBITDA 5x-7x.
Purchase Price: $2M-$2.5M
Capital Needed: $1.5M-$2M (85% Ownership)