7 Small Profitable Marine Business ideas You can Start

So, you live close to a body of water with boats serving as the main source of transport. Why not tap into the traffic to make money? There are many businesses you could set up. We have compiled a list of some profitable small marine business ideas you could try.

Boats and fishing vessels selling business

Selling boats and fishing vessels is undoubtedly one of the viable business ventures you could try. After all, you are pretty much in a place where the demand could be good. For example, those going fishing in the seas and lakes will always need fishing vessels and boats. You could also consider flipping boats. The concept behind flipping boats is quite simple. You buy boats for cheap then, do some repairs and make the boat look attractive and inviting. You will then sell it at a profit!Tip: Ensure you draw a comprehensive business plan that can help attract investors to do business with you.

Boat cleaning service

Now, boats spend an immeasurable amount of time in the water. With this comes barnacles, salt corrosion, algae growth, among other issues. Boats, therefore, always require regular cleaning to keep them looking clean. Regular cleaning also ensures that the boats stay protected and well maintained. However, cleaning boats is no easy task. There is a lot that goes into it. There is hull cleaning, polishing, and waxing. Boat owners don’t always have the time to do all that. Starting a boat cleaning business will provide a convenient option for boat owners. And for you, you get an opportunity to build a rewarding business of your own. Win! Win! You can also go further than just the regular cleaning by providing additional services like conditioning the vinyl, polishing the metal and boat’s exterior. A mobile cleaning service where you move to where the boats are can get you more clients.

Boat repair business

The majority of boat owners do not do repairs and routine maintenance by themselves. It is a service that they are usually willing to hire someone to do. And seeing how much wear and tear boats are subjected to, a boat repair business would be a very viable business venture. If you are good at fixing things and have an appreciation for all things nautical, this could be the perfect business opportunity for you. You will need the necessary marine repair tools. You can opt to buy the appliances one at a time to reduce the startup cost. You do not need to break a bank to get the most expensive tools. You can go for quality, affordable tools that will still get the job done. Good quality coating and sealants will also come in handy in the repair business. Once you have all the tools you will need for your repair business, you are ready to welcome your customers. 

Water sporting

For some people, a fun trip to the ocean always involves pumping their adrenaline into water sports. Many people love the blast that comes out of adventurous water sports. Some do water sports to keep fit. There are plenty of water sports such as jet skiing, parasailing, paddleboarding, among others. A business that revolves around providing access to these water sports is without a doubt bound to be lucrative, especially in places that have a high influx of tourists.

Boat rental business

Not everyone seeking to use a boat is down to buying one. And that right there is a business opportunity! A boat rental business can be a lucrative venture if you have an in-depth understanding of how the business works. You can rent out small motorized boats to those going fishing but not in a position to purchase their boats. Tourists to the area could also be willing to rent boats to tour the waterways. Don’t forget to consider the location of your business. For example, a place that receives lots of tourists year in year out would be the perfect spot for your rental business. However, before starting the business, you need to make sure that you have done enough research to find out all the details about the industry. The beauty is that it is easy to do your research with Internet resources. Even so, getting details of the structure of the business first-hand from someone with experience in the business would be ideal.

Boat Storage business

A boat storage business is another sound business idea for an aspiring entrepreneur. When boating season is over, finding adequate storage can be considerably challenging. This makes a boat storage business very lucrative in areas close to water bodies. To run a profitable boat storage business, you need to be ready to invest in your storage facility if you want to attract and retain customers. Security is one of the most critical factors to consider. The thing is, boats are expensive. Your potential clients will want to have peace of mind knowing that their property is safe. This means that you will need to invest in top-range security gadgets and surveillance cameras to gain the confidence of your customers. Also, you might want to partner with the local police to ensure that your place has regular patrol.

Boat training business

Boating is a relaxing and fun way to enjoy nature. However, driving a boat for the first time can be very nerve-wracking. This is where a boat training firm can be a viable business opportunity. Starting a business that makes it easier for people to easily access the classroom courses needed before getting a boating license can be very profitable. The process of obtaining certification may be different depending on the state. A firm that guides people throughout the license acquisition process could be just what everyone needs.

Final Remarks

There are plenty of avenues to make money if you are situated close to a waterbody. Some of the business ideas we’ve discussed above will certainly give you a starting point on your journey to building a profitable venture.

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