Marinas — Business Valuation Multiple
EBITDA Valuation Guide · Small & Mid-Sized Businesses
Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.
Min
6×
Typical
9×
Max
14×
Revenue Model
Recurring
Capital Intensity
High
A typical multiple of 9× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Marina businesses typically trade at 6×–14× EBITDA, with valuations influenced by recurring berth and mooring income, occupancy levels, waiting lists, location and property ownership. High-quality freehold marinas in supply-constrained locations can command significantly higher multiples. Additional income from boat storage, maintenance, chandlery, fuel, brokerage and hospitality can further support value.
Key Value Drivers
- Recurring berth and mooring income
- High occupancy and berthing waiting lists
- Prime or supply-constrained waterfront locations
- Freehold property ownership
- Diversified ancillary revenue
- Strong operating margins
Key Risks
- Planning and environmental restrictions
- Storm, flood and coastal exposure
- Significant maintenance and capital expenditure
- Seasonality and leisure spending exposure
- Leasehold tenure or short remaining lease terms
Related Industries
Real-World Transaction
D-Marin → InfraVia Capital Partners
2026 · Marinas
These transactions involved companies substantially larger than the $1–$50M SME benchmark and are shown for context, not direct comparison.
Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.