Fishing / Bait & Tackle Store

Price: $2,900,000

Location: South Florida

Industry: Marinas and Fishing

Listing ID: 42734596

Listing Status: New

Description

This very established and well known fishing supply company has over 35 years of serving anglers locally and the entire marine industry nationally. They have an excellent reputation in the business, with the best possible location and showroom centrally located near many of marina’s.

Their main business is retail walk in traffic and they also provide rod and reel repairs, service, and anything a novice or professional fisherman is looking for. Also offers big game rigging with very limited competition. Their extensive inventory includes rods, tackle, small wares, and large selection of frozen bait in large quantities for extended trips. They also offer custom rod wrapping in house with best turnaround on service and can build custom rods at more than competitive prices. Also operate a separate big game wholesale distribution facility to ensure large buying power to maintain aggressive pricing and well stocked inventory at all times.

Extremely well known for custom outfitting of sport fish boats from the single outboard Boat Owner as well as massive multimillion dollar yachts.

SBA Prequalified with 10% down, 120 months at 6%.

Additional information available to qualified buyers. Please present financial statement with NDA to listing agent.

LISTING DETAILS

Down Payment: $200,000

Total Sales: $2,080,054

Cash Flow: $424,168

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $100,000

FFE Included: Yes

Inventory: $1,000,000

Inventory Included: Yes

Operation

Year Established: 1991

Year of last Acquisition: 1991

Days & Hours of Operation: Monday-Saturday 7AM-7PM

Owner Hours Per Week: 40

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 5

Managers: 1

Absentee Owner: No

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $7,113

Type of Location: Store / Warehouse

Square Footage: 3000

Franchise: No

Summary

Reason For Sale:

Retirement

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

SBA Prequalified with 10% down, 120 months at 6%.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER