Bait & Tackle Store with Seller Financing

Not Disclosed, FL
St. Lucie County

Asking Price: Annual Revenue:
$399,000 $309,403

Retail: Sporting Goods, Recreation

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RE: Bait & Tackle Store with Seller Financing Broker: Bob Leone
Owner Financing is Available!
Seller Loan: $174,000. Months: 60. Rate: 8%. Monthly Payment: $3,528.09

Quick Facts

Asking Price: $399,000
Annual Revenue: $309,403
Net Profit: Not Disclosed
Cash Flow: $137,051
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 4
BBN Listing #: 339511185
Broker Reference #: 170-08504

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Business Overview:

46 years in the same location with only 3 owners since inception. Square Footage is 1508 with a few more months left on lease. No fishy stories here, if anything, seller is underestimating. With $100,000 in inventory, $50,000 in furniture, fixtures, & equipment, plus the money spent on the original buildout, that just barely covers the down payment.

Numbers shown are for a working owner working 48 hours a week; present owner works about 15 hours per week and has many personal toys as a benefit of this store. This is a must see and meet with the owner, a super nice guy. Many personal issues cause him to make this move.

Live: Shrimp, Shiners, Minnows, Worms
Frozen: Shrimp, Mullet, Sardines, Clams, Silversides, Sand Fleas, Squid, Chum, Thread Herring, Ballyhoo, Mono Rigged, Wire Rigged, Bonita, Rigged Squid and Mullet

Reels - Penn, Shimano, Canyon, Daiwa, Okuma
Rods - Star Rods, Ugly Stik, Redbone Rods
Lures - MirrOlure, Bomber, Livetarget, Savage Gear Lures and Braid
Sunglasses and Apparel - Calcutta Sunglasses, Florida Sunglasses, T-Shirts, Long Sleeve Shirts, Hats of many types
Hooks – Mustad, Owner, Eagle Claw, Saltwater Assassin, Storm, Rapala, DOA, many others
Cast Nets - Betts, Tyvek
Lines – Yo-Zuri Braid, Daiwa Braid, Sufix Mono, Ande Mono

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Property Features and Assets:

Inventory: $100,000 (Included in asking price).

Reason for Selling:

Personal Issues / Semi Retirement.

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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