Business For Sale

Busy Bait and Tackle Shop with Boat Slips

Not Disclosed, NC
Carteret County

On Coast

Asking Price: Annual Revenue:
$155,000 $266,044

Recreation: Marinas & Boating

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RE: Busy Bait and Tackle Shop with Boat Slips Broker: George Bradbury
Owner Financing is Available!
SBA loans available and seller financing.

Quick Facts

Asking Price: $155,000
Annual Revenue: $266,044
Net Profit: Not Disclosed
Cash Flow: $54,665
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 1991
Employees: 2
BBN Listing #: 34816351
Broker Reference #: TACKLE1

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Business Overview:

This business specializes in the sale of bait and tackle ranging from backwater fishing to offshore fishing in the Gulf Stream. Focusing heavily on custom tackle, line spooling, and providing quality service has kept this business successful for over 25 years. This tackle shop carries many of the industry’s top brands such as Momoi, Suffix, Power Pro, Mustad, Eagle Claw, Gamakatsu, Quick Rig, Ahi/Promar, Blue Water Candy, Joe Shute Lures, Ilander, Squidnation, Sea Striker, Clarkspoon, Berkley, Z-man and more.

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Property Features and Assets:

Type of Location: Strip Center Lease Expires: Dec 31, 2018 Option: 5 year Monthly Rent: $1,500 Square Footage: 2000 The business is 1/4 mile from the Atlantic Ocean in a strip shopping cnter.

Market Competition and Expansion:

3 other stores sell tackle beyond the box stores. No other shop focuses on high quality offshore tackle and customer service. This shop offers the highest quality bait and maintains exclusive rights to that bait, along with several other tackle brands carried in the store. There are a few areas of potential growth for this store. One area to expand would be the sale of alcohol. Many shops in other locations have found success with selling beer and wine. Currently there are no tackle shops in the county selling alcohol. With a boat ramp next to the store, there are potential beer and other staples sales. Another area of growth to expand on would be more tourist driven items. These items would include beach chairs, coolers, umbrellas, towels, sunblock, sunglasses, etc.

Reason for Selling:

Pursuing Other Business Interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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