Local family marina negotiating with Safe Harbor.

Discussion in 'Sea Ray Lifestyle & Cruising' started by ZZ13, Jun 10, 2019.

  1. ZZ13

    ZZ13 Well-Known Member GOLD Sponsor

    Nov 25, 2009
    Lady's Island, SC
    2001 400 Sedan Bridge
    Cummins 450 Diamond
    Anyone have any skinny on Safe Harbor. What kinda operation should I expect should the sale go through?
     
  2. Stee6043

    Stee6043 Well-Known Member

    Jun 1, 2015
    West Michigan
    1997 Sundancer 400
    7.4L Gassers
    The marina I'm at was acquired by Safe Harbor in 2016. The first year felt great. They made some nice (modest) improvements to the facility and were very strategic in improving the staff/leadership. It's been a bit downhill since then, in my opinion. They've considerably increased the slip rates, the critical capital/repair projects are not progressing and folks are leaving the marina. It's unfortunate seeing the number of empty slips we have now compared to 5 years ago...

    Maybe you'll have better luck!
     
    Last edited: Jun 10, 2019
  3. Ididntdoit

    Ididntdoit Well-Known Member GOLD Sponsor

    Dec 5, 2007
    Newport, RI
    300 Sundancer
    5.0MPI Bravo III
    Prices went way up in our area...
     
  4. hottoddie

    hottoddie Well-Known Member

    Jan 11, 2012
    Boston/Cape Cod
    1986 Sea Ray 390 EC
    Garmin 4212 Chartplotter
    Garmin 24 HD Radar
    Garmin 546s Plotter
    454 Crusaders
    Want to save a few bucks? Join a yacht club.
     
  5. TNT8808

    TNT8808 Active Member PLATINUM Sponsor

    423
    May 25, 2016
    West Michigan
    2008 48 Sundancer
    Cummins QSC 8.3's
    Avon Seasport 340
    40 HP Yamaha
    Ditto to Stee as we're at the same marina. 56 open slips this year. The most I've ever seen in my 12 years of being here. One would think that perhaps slightly lowering prices, and filling all the slips might be a wiser move but nope they just keep raising prices and watch the slips slowly empty out. I was talking with the GM about it, and told him oftentimes less can be more and he looked at me like I had 3 heads. So I said, how does it look when corporate comes through, and sees all the empty slips and less revenue? Zero response, and he all the sudden had more pressing issues to tend too. Shocker.
     
    JVM225 and Stee6043 like this.
  6. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Cut prices a bit, fill the place up and increase revenue with additional sales of good and services.
     
  7. Ididntdoit

    Ididntdoit Well-Known Member GOLD Sponsor

    Dec 5, 2007
    Newport, RI
    300 Sundancer
    5.0MPI Bravo III
    Private equity is calling the shots since the deal with BYY
     
  8. Golfman25

    Golfman25 Active Member

    349
    Sep 12, 2009
    IL
    281
    V8
    This is something I'll never understand. Our marina never recovered from the 2008-09 depression. It sits half empty, while others are 90%+ full. Yet we are still the most expensive around. To me it's worth doing the math -- be $100-$200 cheaper than everyone else and make up the lost revenue in volume. Get yourself to 80% full and you're golden.
     
  9. Gofirstclass

    Gofirstclass Well-Known Member

    Apr 20, 2010
    Tri Cities, WA
    1995 550 Sedan Bridge,
    2010 Boston Whaler 130 Super Sport,
    1981 Boston Whaler 130 Sport,
    CAT 3406C's, 580hp.
    Those concepts are not foremost in their minds when they buy marinas. It's all about the bottom line and if they get some write-offs along the way. so be it.

    Great customer service, which most of us would gladly pay a bit more for, is not part of the picture when bean counters are running the show.
     
  10. Boat Guy

    Boat Guy Well-Known Member

    Well, I don't know about this company, but I'm not an advocate of consolidation....I think, in my experience, most best run marinas are family or private single marina companies...I also think it helps with competition.

    My marina was family run and while not run super efficiently, the new owner inherited it with a complex purchase and has never owned a marina before...They have private equity as owners, a management company for the complex, and the complex management hired a marina management company for the marina...And, they don't want to spend money on upkeep let alone upgrades...Yes, the price has increased considerably in the past few years with the economy...Yes, several boats have moved on... To give you an idea of a simple issue, they won't let packages be delivered to the marina and the showers close at 10pm and no laundry...Yes, they want / accept transients...
     
  11. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    Bill,

    Is that the same marina I stayed at last fall - thinking it was Port Royal area?

    The marina I stayed in - granted a one night stay while I was moving through - I thought was very well run. Docks were in good shape, staff there was outstanding.

    If this is where I am thinking, the previous management set a very high bar for someone coming in.
     
  12. ZZ13

    ZZ13 Well-Known Member GOLD Sponsor

    Nov 25, 2009
    Lady's Island, SC
    2001 400 Sedan Bridge
    Cummins 450 Diamond
    Yup, that's it.
     

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