$VMAR " Establishing a Scalable Waterfront Operating Hub
As previously announced, Vision Marine has secured a flagship on-the-water marina in Fort Lauderdale, Anglers Avenue Marine Center, through a long-term lease agreement, designed to serve as a centralized showroom and operational hub for Nautical Ventures. The marina spans approximately 10 acres and includes 115 slips, enabling the consolidation of multiple operating functions into a single high-capacity waterfront location.
The marina asset has historically generated approximately US$3.2 million in annual revenue through limited storage and service activity. Based on recent operating activity, however, management estimates that the marina is currently operating at an annualized revenue run-rate of approximately US$5.5 million to US$6.0 million. These estimates are based on internal management assumptions and recent operating activity and are subject to seasonal trends, customer demand, economic conditions, and other factors, and there can be no assurance that such run-rate will be achieved or maintained. Management believes the site provides a strong foundation for expanded service activity, storage revenue, on-water customer engagement, and operational consolidation. " https://www.prnewswire.com/news-releases/visi...69161.html
As previously announced, Vision Marine has secured a flagship on-the-water marina in Fort Lauderdale, Anglers Avenue Marine Center, through a long-term lease agreement, designed to serve as a centralized showroom and operational hub for Nautical Ventures. The marina spans approximately 10 acres and includes 115 slips, enabling the consolidation of multiple operating functions into a single high-capacity waterfront location.
The marina asset has historically generated approximately US$3.2 million in annual revenue through limited storage and service activity. Based on recent operating activity, however, management estimates that the marina is currently operating at an annualized revenue run-rate of approximately US$5.5 million to US$6.0 million. These estimates are based on internal management assumptions and recent operating activity and are subject to seasonal trends, customer demand, economic conditions, and other factors, and there can be no assurance that such run-rate will be achieved or maintained. Management believes the site provides a strong foundation for expanded service activity, storage revenue, on-water customer engagement, and operational consolidation. " https://www.prnewswire.com/news-releases/visi...69161.html
