Vision Marine Enters Purchase Agreement for Anglers Avenue Marine Center

Vision Marine Technologies announced that its Nautical Ventures division has entered into a commercial lease and purchase option agreement for the marina property that it currently leases in Dania Beach, Florida, known as the Anglers Avenue Marine Center. This location secures a strategic waterfront asset in Fort Lauderdale, a central point of consumer activity in the region.

Historically used to support Nautical Ventures’ boat sales, the marina generated approximately $3.2 million in 2024 through limited storage and service activity. Under Vision Marine’s operating plan to expand the marina in phases, the company intends to expand the site from roughly 109 active slips to a combined wet-and-dry-slip capacity approaching 300 vessels. Based on the company’s projections, this supports multi-million-dollar recurring storage revenue annually. Expanded dealership-level service operations are part of the growth plan, driven by maintenance, repairs and long-term customer programs at an enhanced service and parts center. Vision Marine envisions the marina serving as a regional hub for E-Motion™ electric-boat integrations, which typically account for 3% to 5% of Nautical Ventures’ annual sales, with a next-generation on-water showroom. This flagship facility reinforces Vision Marine’s dual-pillar strategy, combining its high-voltage electric propulsion platform with a strengthened retail and service infrastructure.

The agreement and lease provide Vision Marine with the ability to acquire the property in the future through a contractual purchase option and includes a Right of First Refusal should a third-party offer arise.

The marina’s configuration, with 109 slips and a 10-acre footprint, supports significant operational consolidation, improving efficiency across service, rigging, parts, storage, logistics and customer demonstrations, while incorporating solar-ready infrastructure and modern dock upgrades.