Profitable Bait & Tackle Shop in Islamorada, FL
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
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