This podcast episode explores the size and scale of the marina industry in the U.S., highlighting its revenue, components, supply-demand dynamics, and attractive investment opportunities. It discusses the strategy of acquiring marinas, implementing operational improvements, and creating a stable high-margin business. The competitive landscape of marina ownership and the emergence of Safe Harbor Marinas as a major player are analyzed. The advantages of scale in the marina industry, such as customer loyalty and financial resources, are examined. The benefits of scale, diversity, and reciprocity, including insurance coverage and revenue growth strategies, are emphasized. The durability of marinas during economic distress and the long-term customer relationships they foster are discussed. Lessons learned from building a marina business, including the importance of business models, partnerships, and integrity, are shared.
