Profitable Bait & Tackle Shop | Islamorada, FL

Business Overview:

Bait & Tackle Shop – Islamorada

Established in 2019, this profitable shop serves local anglers and tourists with live and frozen bait, premium tackle brands (NLBN, Nomad, Johnny Jigs), and is an authorized Penn dealer. The store also offers fishing apparel, snacks, drinks, beer, seltzers, and wine for trips on the water. Known for outstanding customer service and excellent Google/Yelp reviews, the business enjoys steady repeat customers and strong community presence through tournaments, events, and an annual charity fundraiser. With consistent profits and clear growth opportunities through expanded product lines, marketing, and local partnerships, this is a turnkey opportunity in one of the world’s premier fishing destinations.  The property includes a boat slip with approximately 1,000 sq. ft. of dockside space used for freezers and customer parking, as well as a bathroom located in an adjacent building. Price of the business includes $ 175,000 in inventory.

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Property Features and Assets:

The facility consists of a 3,000 sq. ft. retail store with a current monthly rent of $5,661.86. The lease runs through February 1, 2029, with a 5-year renewal option. The property includes a boat slip with approximately 1,000 sq. ft. of dockside space used for freezers and customer parking, as well as a bathroom located in an adjacent building.

Assets = $185,000

Market Competition and Expansion:

The business operates in a competitive market that includes other local bait and tackle shops, convenience stores with limited fishing supplies, and larger sporting goods retailers. However, it stands out through its wide product selection, authorized dealer status with leading brands, and exceptional customer service. Its strong reputation, loyal repeat customers, and community involvement provide a competitive advantage that differentiates it from more generic or less specialized providers.

Significant growth potential exists through expanded digital marketing, online sales, and partnerships with local fishing guides and hotels. Adding new product lines and extending hours or services would capture additional revenue and enhance profitability.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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