Business broker rates marine businesses from @doug.grindstaff
A business broker rates three different marine-based businesses on a scale of 1 to 10. He starts with oyster farms (8.5), explaining the low cost of leasing ocean space but acknowledging equipment costs. He then rates marinas (7.5), highlighting recurring revenue but also major maintenance and weather risks. Finally, he gives fishing charters a 6.5, citing thin margins, owner dependency, and poor financial reporting.
Creator: @doug.grindstaff on TikTok
Transcript
Oyster farm. 8 and a half. I should probably gatekeep this information, but you can lease an entire acre of ocean water in Florida for as little as $26 a year. What's my source on that? Well, I talked to tier Florida aquaculture department, spoke with the lady who writes the leases, and she confirmed it for me. No, obviously, you've gotta buy the equipment your first harvest takes time. But once these things are moving along, the margins are pretty good. Marina. 7 and a half. You get the recurri
Topics: Business, Entrepreneurship
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