Newberry Creek Marina
Lake Texoma, OK
Offered at $4,999,999
BUSINESS DESCRIPTION
Located on the Oklahoma shores of Lake Texoma, this charming resort and marina presents a rare chance to acquire a well-established business with multiple recurring revenue streams and virtually limitless opportunities for growth. While marinas are typically seasonal businesses, this one defies the norm with relatively stable, year-round income.
The property features vacation home and RV lot rentals, overnight campsite accommodations, boat slip rentals, dry storage units, and a fully equipped boat repair and maintenance facility. The marina store caters to visitors and locals alike, offering snacks, ice, Oklahoma fishing and hunting licenses, life jackets, general boat and trailer parts, and more. A gas dock—serving both unleaded and premium fuel—adds another valuable service for lake-goers.
Known for its family-friendly atmosphere and competitive pricing, this marina has carved out a strong foothold in the regional market. Its certified boat service center, specializing in Volvo Penta and Nissan/Tohatsu, faces minimal competition, with only one comparable facility on the Texas side of the lake.
National forecasts project a surge in Lake Texoma tourism over the next five years, fueled by major infrastructure developments in the area. These projects include the Pointa Vista Hard Rock Hotel & Residences—which is visible from the shores of the marina—and the highly anticipated Preston Harbor Margaritaville Resort that will soon break ground in Denton, TX.
As the regional tourism market continues to expand, so too do the marina’s growth opportunities. There is ample space to increase boat slips and campsite accommodations, broaden the retail selection in the marina store, and introduce new amenities. The certified service center is also primed for expansion. With its strategic location and strong foundation, the marina is ideally positioned to become a premier destination for recreation, relaxation, and lakeside living.
The marina is currently ground leased through the U.S. Army Corps of Engineers. Lease transfer will require approval from the Corps.
Detailed Information
Internal ID
603586
Business is
Absentee Owner
Number of Employees
6
Year Established
1955
Inventory
$100,000
Inventory Included
Yes
Real Estate Included
No
Additional Information
Reason for Selling
Retirement
Facilities & Assets
The resort spans 112 acres of land and 40 acres of water. The marina currently includes four docks with 107 boat slips, 12 RV lots, 4 cabins, 65 vacation home lots, and 64 dry storage units. Numerous opportunities for expansion exist. Included in the sale are assets such as $100,000 in standard inventory and $100,000 in prepaid rental agreements.
Support & Training
The current owner is willing to provide support and training as needed to ensure a smooth transition of leadership.
Market & Competition
Despite the presence of 20+ marinas on Lake Texoma, this marina distinguishes itself by maintaining a cozy, family-friendly atmosphere with affordable pricing. The boat service center further separates this business from its competitors. As a Volvo Penta and Nissan/Tohatsu certified warranty repair shop, the shop only has direct competition with one marina on the Texas side of the lake.
Growth & Expansion
While the marina benefits from various sources of recurring revenue, there are a few noteworthy opportunities for growth and expansion. The marina includes acres of undeveloped land within its current ground lease through the U.S. Army Corps of Engineers. Additionally, there is potential to lease adjoining property, allowing for expanded shoreline access and more amenities. Expansion plans must be approved by the U.S. Army Corps of Engineers.