Southeast Marina Market by Polly Fuqua

Marina Market Review 2011

2011-12-21T17:46:00.000-05:00

2011 has been an interesting year to say the least for the marina business. We were optimistic at the beginning of the year that we'd see an uptick in transactions as the world regained some sense of normalcy. MarinaSales saw an increase in buyers and quality properties coming to market but buyers were cautious and not in a hurry to complete transactions. We continue to see a tale of two markets. The Northeast remains strong with few if any bank defaults and a shortage of quality properties for sale given the volume of buyers. The Southeastern U.S. is a completely different story with numerous assets available and a growing overhang of bank owned properties. Pricing in the Southeast remains challenging with too many sellers holding onto values based on Dockominium models or headier times. In the past few months we've noticed an increasing amount of bank owned/controlled properties and attribute it to the banks finally owning up to the fact that they have a problem. We don't see this trend abating anytime soon and in fact, we think more and more properties will be taken into receivership or foreclosed on as banks accept that they can only sweep problem loans under the carpet for so long. Marinasales September 2011

To buy, sell or start any business.

2011-11-09T05:22:00.000-05:00

To start any business, first and foremost you have to believe in yourself. "You are your business." You must be pro-active and a risk taker with no fear. You have to make a commitment to succeed. I was told as a woman I had to be twice as good, twice as reliable, and twice as tough-minded as the men in the marketplace. But my standards were higher than just any man; I wanted to be the best person that I could be in my field. I find value in many forms of purpose and from a variety of results. I have realized how worthwhile you are and how valuable the information we have to share with others comes from our own experiences. Remember that the things that are fundamental to your identity are what drive you and what will make you successful.

My middle name has become resilient. I have chosen to find wisdom from my mistakes and continue to move forward. Never say never. I once said I would never survive a long sales cycle. In today's market most of my sales last a year or longer. If you can recover and persevere you can go on to do great things. Now I invest myself in the process not the outcome. Understand the process, focus your efforts, be persistent and find humor everyday especially in your failures and disappointments. Don't take yourself so seriously. Have fun. Show your enthusiasm for the job you love— always. I am passionate about people’s stories. I meet someone at a crossroads in his or her life. There is a story behind why someone wants to sell their business or buy a new one. I am privileged to share their journey to the next step in their life and start a new story.

Don't Let Naysayers Stop You From Doing What You Want. Think big and never stop being inventive. I started a marketing company in Knoxville that grew into a marina marketing and business brokering company in Tennessee. After 6 months my business expanded across the Southeast. Two years later I am sitting on a panel as a marina expert at the International Marina and Boatyard Conference. Yes, that was funny to be but I had serious information to share. It is always a great surprise to receive calls from different parts of the US and other countries. Trust yourself and don’t ever stray from who you are even though everyone else is doing it a different way. That is how I found my niche by going in the opposite direction and doing what everyone said couldn’t be done. There are people in my life that still don’t know or understand what I do for a living. They do know I do whatever it takes to get any job done. I KNOW I can find solutions that will truly benefit both sides of a sale. I will always be curious, question what I am doing, and always improving on myself. I never want to stop learning. But I wasn’t prepared for people trying to wave me down, while I was finding success by helping others succeed. Don’t ever let anyone tell you you're headed the wrong way. Be fearless and stay on course. Surround yourself with positive and like-minded people. Creative thinkers energize me. I like to be around smart, fun and innovative entrepreneurs. Remember to follow your dreams, as your business is your own creation. It was your idea and everyday you are enhancing it. Don't just think out of the box, look past it.

2011-marinas-are-first-to-come-out-of-recession

2011-02-19T20:35:00.002-05:00

Marina Dockage Post, One of Three Last Years Sales

2011-02-19T18:56:00.000-05:00

In Tennessee, Wisdom Dock Marina on Dale Hollows Lake was sold to Jim Figuardo, who also owns Grider Hill Dock on nearby Lake Cumberland, for slightly more than $6 million. Figuardo said that he expects to take some immediate steps to expand the marina by adding new docks and slips.
The previous owners of Wisdom Dock Marina, Paul and Judy Boggs, had owned the facility for 28 years and were planning to retire. They are delighted with the sale price for the full-service marina that has 175 slips, as well as a houseboat, pontoon, and toy rental program, and much more, according to Polly Fuqua, who acted as the marina business broker for this transaction.
Date: January 18, 2010

Southeast Marina Market by Polly Fuqua: Reduced Priced by Motivated Seller

2011-02-19T18:34:00.000-05:00

http://www.youtube.com/user/MarinaForSale?feature=mhum

Reduced Priced by Motivated Seller

2011-02-19T18:33:00.000-05:00

SBA issues first marine loan

2010-04-16T01:25:00.001-04:00

SBA issues first marine loan

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Heron Point Marina Sold ON Cherokee Lake ON 4/13/2010

2010-04-13T04:24:00.000-04:00

Eye On The Market Welcomes Chris May as New Marina OWNER in 2010!

Heron Point Marina Sold on 4/12/10!!!!
The Resort is also going back to a familiar ring on Cherokee Lake "Fall Creek Marina and Campground"! Come by and see the Upgrades that Chris instantly put into place! Yes as of TODAY!

TVA welcomed Chris May as a new Resort Owner with open arms in the East Tennessee District. The Marina offers 260 wet slips, 45 RV Full Hook Up Sites, 16 pull through sites, floating ships store, recreation area, bathhouse and floating ships store with plenty of room for growth. This property also includes a residence or rental property.

Polly Fuqua with Eye On The Market, LLC and Carolyn Stanifer, United Realty Associates, Inc worked together to Complete The Asset Sale.

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2010-04-08T10:58:00.001-04:00

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LAKE OCOEE MARINA AND INN NEW YEAR AHEAD

2010-03-29T02:40:00.000-04:00

ATTENTION CHATTANOOGA, CLEVELAND, DALTON BOAT OWNERS!

Last summer did your boat sit neglected and alone in your backyard? Come July 4^th when you decided to enjoy fireworks on the lake, was your battery dead? After hooking up the trailer with family in tow did you lose an hour of ski time to get the lights working? Did you arrive at the lake without the drain plug?

How long did you wait in line to launch at the boat ramp? Were all the good parking places taken? And finally while trying to “relax” on the lake did you worry about someone breaking into your car or stealing your trailer tires. As you pull the boat out of the water at the end of the day and tow your boat back home, did you wonder where was the part of leaving the stress behind? When did they take the ‘pleasure’ out of “Pleasure Boating?

PUT THE FUN BACK IN BOATING

We take fun boating seriously! This year treat yourself to a carefree boating experience in the area’s most scenic and unspoiled lake! Dock your boat in a covered slip and give your boat a new home at Lake Ocoee Marina. Come to the Lake after work, turn the key, and boat until dark. You can jump on your boat like a mini-vacation without all the hassles whenever you feel like it. Wear out the kids instead of yourself!

§ Friendly, Supportive, Available Staff

§ Wallet Smart Rates

§ Convenient, Clean Restrooms

§ Pay & Pump Gas Dock

§ Boat Rentals, Lifts & Jet Ski Ports

§ Security Cameras, Gated Docks & Launch Ramps

§ Fully Stocked Marine Store

§ Motel and Cabin Rentals

§ Newly Opened Restaurant and MORE!

Call Stephanie 1-800-272-7238 more for special assistance and personal tour of the resort!

http://www.ocoeeinn.com/

Eye On The Market Sold Marina on Cherokee Lake in TN

2010-03-28T17:18:00.000-04:00