This is a great opportunity to invest in berthing space in Thessaloniki, the second largest city of Greece. In Greece, the marinas are full and facing a great shortage of vacancies in Athens and Thessaloniki, while the marine tourism industry in Greece is powerful and blooming. The expenses incurred by passengers of recreational boats (yachts), according to the latest pre-Covid reports, appear to be five times what the average tourist spends in Greece.
The marina is close (20min by car) to Thessaloniki’s International Airport and is the only tourist port - city marina in the waterfront area of the Municipality of Thessaloniki. It is located in an area of significant tourism development potential, bordering with a residential area with very high property value. The marina will have 109 berths, for yachts up to 25m. This is an investment that will cater to visitors from the EU and the Balkans, as is already happening in Turkey, Bulgaria and Romania.
The owner is past retirement age and is selling the business that will build the marina along with the land lease for 49 years, while remaining for three months to provide know-how and practical advice to the new management.
The new owner can easily expand the business to seaplanes, invest in repair facilities to accommodate the expanding demand and develop marketing and sales activities to attract tourists for the restaurant.
- Asking Price:
- €4,000,000
- Sales Revenue:
- €1M - €5M
- Cash Flow:
- €500K - €2.5M
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The lease is for 49 years
- Leasehold Rent:
-
€54,000 per annum
- Location:
-
The marina is close (20min by car) to Thessaloniki’s International Airport.
- Premises Details:
-
It is located in an area of significant tourism development potential, bordering with a residential area with very high property value.
Business Operation
- Expansion Potential:
-
The new owner can easily expand the business to seaplanes, invest in repair facilities to accommodate the expanding demand and develop marketing and sales activities to attract tourists for the restaurant. There is another option, to expand the facilities in an adjacent land plot (eg to develop shops, bars, restaurants etc).
- Competition / Market:
-
Near Thessaloniki (200km range) there are only 3 marinas, with a total of 772 berths.
- Reasons for selling:
-
The owner is past retirement age and is selling the business.
- Employees:
- 0
- Years established:
- 0
Other Information
- Support & training:
-
The owner will remain for three months to provide know-how and practical advice to the new management.
