Profitable Bait & Tackle Shop in Islamorada, FL

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Financial Details

Asking Price:
$515,000
Annual Revenue:
$791,845
Cash Flow / SDE:
$143,514
Profit Metric:
Cash Flow (SDE)
Valuation Multiple:
3.6x
Location:
Islamorada, FL, US
Sources:
Date:
October 02, 2025

Key Highlights

Profitable Bait & Tackle shop established in 2019 with strong financials.
Excellent customer service and community presence leading to repeat business.
Turnkey opportunity in a prime fishing destination with clear growth potential.

Description

This is a profitable Bait & Tackle shop located in Islamorada, Florida, established in 2019. The business serves local anglers and tourists, offering a wide selection of live and frozen bait, premium tackle brands, and fishing apparel. It is an authorized Penn dealer and also sells snacks, drinks, beer, seltzers, and wine. The shop is known for its outstanding customer service, reflected in excellent online reviews, and benefits from a strong community presence through events and a charity fundraiser. The asking price includes $175,000 in inventory and $10,000 in furniture, fixtures, and equipment. The business operates from a leased 3,000 sq. ft. retail space with a monthly rent of $5,662, with the lease running through February 1, 2029, and a 5-year renewal option. Additional property features include a boat slip with approximately 1,000 sq. ft. of dockside space for freezers and parking, and a bathroom in an adjacent building. The owner is selling due to retirement.

Industry Information

Industry Description:
Bait & Tackle Shop
Classification:
Retail

Operational Snapshot

Year Established:
2019
Reason for Selling:
Retirement

Real Estate & Lease

Status:
Leased
Monthly Rent:
$5,662 USD
Lease Expiration:
2029

Assets & Inventory

FF&E Value:
$10,000 USD
Includes FF&E:
Yes
Inventory Value:
$175,000 USD
Includes Inventory:
Yes

Broker Contact

Name:
Andy Fischer
Company:
Murphy Business & Financial Corporation
Phone:
786-780-1704

Listing Details

Listing ID:
69b5a0cf-72b4-4a08-99d4-9af3990ca71e
Source Listing ID:
2420352
Deal Status:
For Sale
Last Updated:
October 02, 2025
Currency:
USD

Features & Tags

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