Suggested offer: $995,000 CAD
(Subject to prior sale or withdrawal at any time without notice.)
You get a good quarter mile of red-carpeted docks, the anchor system, 6 floating buildings, four running generators and extensive electrical distribution equipment, a 40 seat licensed restaurant, an approved commercial kitchen, a store with a walk-in, a Maytag laundromat, two boater’s showers, a beauty salon, an approved extensive drinking water system, a license for 13,500 litres of fresh creek water a day, boats, seven staff bedrooms all with individual full private baths, and the rights to a thriving summer yacht business, including our good, secret sources of supply.
Want to take a virtual tour of Greenway Sound Marina? Click here.
Greenway Sound Marina is an all-floating facility. In Canada, no one can own the salt water or the tidelands below the surface. Everyone that has a facility on the water must lease their site from the Province, and pay rent for it. There are fixed terms for the duration of the lease, typically ten years, but then it is automatically renewable for new terms, as long as the rent is paid. It is called “a bankable foreshore lease.” For more information, contact Land & Water BC in Nanaimo. Our current lease expires March 2, 2008. Greenway Sound Marina owns no adjoining land, as it is too steep, but the foreshore lease covers close to 6 acres of water. There is a fine woodsy park with lakes nearby for land recreational activities.
Greenway Sound Marina is a private entity, so to protect our privacy from our competitors, sales and expense figures are not offered on this website. Once we know you are a genuine prospect to buy Greenway Sound Marina, and we know you have made a commitment to provide a substantial investment, plus you are a Canadian citizen, or can pass Canadian Immigration requirements, we will provide those figures. We believe that a good operator can easily improve on our figures. The business is there.
There are several ways to transfer ownership of a business, and all have complex tax consequences and varying positions of assumed liability. Here is where competent tax and legal advice is valuable to you. We will be happy to share our knowledge of those subjects with your advisors, once you are a qualified purchaser. We have 25 years of experience operating as a US citizen in Canada, and nearly 40 years in Washington State.
(Disclaimers: All normal Canadian and US legal phrases that would be present in any contract or offering of this nature are hereby included in this presentation by reference, including the one about merchantability and fitness for a particular purpose. Also, any errors of omission or commission in this presentation are excused. All legal procedures, both US and Canadian, will be reviewed in full with a potential purchaser prior to closing.)
Tom Taylor
greenwaysound@seanet.com
