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Upscale Bait & Tackle Business For Sale

Outer Banks, North Carolina, United States
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Asking Price$395,000
Revenue$571,000 Established1998
Cash Flow$165,000 Employees1 full, 1 part
FF&E$10,000* FranchiseNo
Inventory$100,000 RelocatableNo
Real Estate$450,000 Home-basedNo
* Included in Asking Price
In business for nearly 20 years, this upscale bait and tackle has grown to become the most recognized name in the area.  The Outer Banks of North Carolina is one of the most popular vacation destinations in the country.  Each year over seven million people visit the area, staying in one of the thousands of million dollar vacation homes for an entire week.  Many of these vacationers will include at least a day of fishing or crabbing in their vacation plans.    

This isn't your everyday bait and tackle.  The store is clean and bright, centrally located in one of the areas' top shopping centers.  Fishing equipment brands include Penn, Shimano, Diawa, Okuma and Shakespeare. Clothing and accessories include Salt Life, Columbia, Pelagic, Costa, Guy Harvey, Calcutta and Under Armour.
Very profitable despite being run semi-absentee.  A full time owner operator is sure to enhance the business even more.  This is a lifestyle business and it's seasonal nature will allow the owner up to 3 months off every year.
The business and real estate has been prequalified for a loan package that includes $50,000 in working capital.  Seller will train and is also willing to consider financing for a portion of the sale for a qualified buyer.

Cut and paste the following link into your browser for a detailed video overview:  https://vimeo.com/129892186

Real estate available through MidStreet Realty, LLC.  Contact broker for additional details.
Competition:While limited competition does exist, this business is by far the largest and most well-known store in the area.
Growth Potential:Several avenues exist for an on-site owner operator to increase revenue and expand services offered. Contact Broker for more information.
Training/Support:Seller is willing to provide training and consultation to ensure a smooth transition.
Sale Reason:Personal
Ad #72869
Seller Reference #OBANKNC001-N376
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Contact This Seller
Jeffery Baxter
(252) 255-5000
Email Address