Popular Bait & Tackle Shop for Sale

Mechanicsvlle, VA (Hanover County) (Relocatable)

Seller Financing Available
Popular Bait & Tackle Shop for Sale

Asking Price:$139,000

Cash Flow:$30,000

Gross Revenue:$260,000

EBITDA:N/A

FF&E:$15,000

Inventory:$85,000

Rate/Sq. Ft.:$12.63

Established:2001

Popular Bait & Tackle Shop for Sale

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Business Description

This popular and successful Bait & Tackle shop was opened more than 15 years ago by the current owners. They carry a full line of rods, reels, lures, and baits. Everything fishing! The shop has a strong following, bringing in customers from as far as Charlottesville. Services contribute an additional 15% of the revenue. Priced at barely above the inventory value this business is a great value. Rent is a very modest $12.63/square foot for the 1600 square foot space. A great business for an avid fisherman who wants to make his hobby his career.

For more information contact Michael@brgbrokers.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,600
Lease Expiration:
12/30/2016
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The shop is located in a small outdoor mall surrounded by hundreds of customers. The showroom floor occupies 1100 sq. ft. and is loaded with all the latest reels, rods, and other equipment. The rent is a great deal at 12.63 per sq. ft. A small office/storage room contains another 500 sq. ft.
Competition:
There are other bait and tackle shops in the area, and there are the big box stores. The business is able to compete with them because of their low overhead and low fixed costs.
Growth & Expansion:
Seasoned professionals shop at this store because of the knowledgeable staff, the broad selection, the live and frozen bait, and the great prices. Many customers remark how low the prices are, even compared with the big box stores. Service from a knowledgeable tournament fisherman brings customers in for repeat business.
Financing:
Limited financing for strong buyer
Support & Training:
Owner will stay on to provide sufficient training and turnover and introduce new owner to customers.
Reason for Selling:
Retirement

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Michael Mitchell

Business Listed By:
Michael Mitchell

Business Research Group, LLC

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