HL's Live Bait and Tackle (Established 40 years fishing store)

Morrisville, PA (Bucks County)

Retail Area
Contact Seller

Asking Price: $374,999

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $20,000

Inventory: $95,000

Real Estate: $175,000

Established: 1979

HL's Live Bait and Tackle (Established 40 years fishing store)

Save Print Share Valuation Report

Business Description

Location, Location, Location!

Well established fishing specialty store within walking distance to Delaware River and New Jersey Bridges. The 40 year customer base is comprised of PA, NJ, NY, DE and even MD. It is conveniently located right off Route 1 and Route 13 on the heavily trafficked East Bridge Street of Morrisville. In addition to the highly fished Delaware River HL’s has thrived generation to generation due to its proximity to many lakes and ponds within a few minutes drive from both NJ and PA.

Endless potential if you wanted to expand into firearm and hunting sales with plenty of vacant space in the building for your newly added inventory. (Market is there; buyer to do their due diligence regarding gun sales). Square footage is 2500 however about half is being used. So many expansion opportunities! Building also features full car garage, watertight basement for additional storage and exterior renovation in 2010 with new roof completed in 2015. An automatic backup generator was added in 2018 to end the possibility of bait loss during inclement weather.

Included in sale is commercially zoned building, all equipment and roughly 90-100K in inventory. Major equipment list includes 2 large bait tanks, 1 medium tank, 2 freezers, 1 worm cooler, 2 fridge/freezer combos, 1 mini fridge/freezer combo, 2 EEL drums with air pumps and the 2018 automatic generator mentioned above.

Attached Documents


Detailed Information

Location:
Morrisville, PA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,500
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building is 2500 square feet and comes with everything to continue running the business from day 1 of the transfer. There is a ground level garage door with over 9 feet clearance to park your personal vehicle and use for deliveries. Exterior renovation completed in 2010, new roof 2015 and automatic back up generator added in 2018. Security system and tempered glass complete the building.
Competition:
Not many fishing specialty stores left in the area. HL's has outlasted the competition and big box retailers with its wide selection of fresh live bait and diversified tackle. There is a large customer base from all over the northeast.
Growth & Expansion:
There is plenty of space to expand the fishing or explore other options. Hunting and firearm sales come right to mind as they go hand in hand but with the automatic garage door possibilities are endless. Another option that hasn't been explored is online marketing and sales, or bait and tackle vending machines. The current owner is old school but if you come in with some new age ideas this business can really thrive. Or as they say why fix what isn't broken. Note that due to sentiment current owner would like prospective buyer to change name of busines
Financing:
Verified tax returns available for serious inquires. Contact listing agent.
Support & Training:
Negotiable
Reason for Selling:
Retirement
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Daniel leach

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1655548 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Big Blue Swim School

Franchise Opportunity
Cash Required: 600000