Bait & Tackle – Gulf Coast

N.W. Florida

COMPANY OVERVIEW

Profitable, turnkey year-round bait & tackle business located on the beautiful gulf coast. The business offers the most complete bait & tackle shop in the market area, such as…

* Live bait * Fishing Apparel * Tackle * Reel Spooling
* Rod & Reel Repair * Fishing Licenses * And more!!!

The business is located minutes from the Gulf of Mexico, marina’s and fishing piers. The store has a 1st class d├ęcor and well-organized. This is an excellent opportunity to own a profitable business and live on the beautiful gulf coast.

GENERAL INFORMATION

Year Established:
2016
Facilities:

Prime, convenient location with high traffic and ample parking. The facility occupies 1,400 sq. ft. It is a stand-alone building with ample parking. The rent rate is very reasonable at ~$1,500/month.

MARKET OUTLOOK

Competition:

Limited direct competition in the market area.

Growth Expansion:

The area is one of the fastest growing in the southeast.

ABOUT THE SALE

Financing:

The seller will provide seller financing with a down payment equal to the value of the inventory to a qualified buyer.

Training:

The seller will provide sufficient training to ensure a smooth transition.

Reason for Selling:

The seller is retiring (for the 2nd time).

FINANCIAL SUMMARY

Asking Prince:
$124,000
Revenue:
$315,000
Cash Flow:
$61,200
Real Estate:
Long-term Lease
FF and E:
$21,650 (incl. in sale)
Inventory:
$74,000 (incl. in sale)