Seller's Contact Information
- RE: Kayaking & Beach Rental
- Contact: Lonnie Veasley
Quick Facts
Asking Price: | $2,500,000 | |
Annual Revenue: | $1,469,714 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $525,675 | |
Total Debt: | Not Disclosed | |
FF&E: | 330,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1992 | |
Employees: | 11 | |
BBN Listing #: | 18684955 | |
Broker Reference #: | 1001-17385 |
Business Overview:
Well established kayak rental and other rentals business for sale in a premiere location in Tampa Bay FL. Tons of driving traffic and the business has exclusive rights as the only company that can rent beach equipment in the area. Tiki style restaurant that seats about 150 included. Lender pre-qualified.
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Property Features and Assets:
Stand alone building that carries all of the equipment along with a Tiki hut. Assets = $333,000
Market Competition and Expansion:
No competition in the area as the company has exclusive rights to rent beach and various other equipment in the area. There are ample opportunities for growth as advertising for location is minimal and many new apartments and condominiums are being built in the area. Rental prices are due to increase as there have been no increases in 8 years, could offer guided tours and sunset adventures, expand rental hours, offer memberships, offer rental and sale of kayak/SUP accessories, promote fishing kayaks in local bait stores, and even sell new paddle boards and kayaks.
Reason for Selling:
Retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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