Established in the 1990s, this highly regarded specialty store is a haven for fishing enthusiasts. Offering an extensive selection of products, including fishing and tackle gear, baits, wetsuits, boating essentials and more, it caters to every angler’s needs. Ideal for an owner-operator with a passion for fishing, this longstanding business presents a solid opportunity to dive into the lucrative recreational fishing market.
*Taking $7,700 PW
*Up to $25,000 PW revenue during peak season
*150 sqm premises
*10 years lease (commenced 2021)
*P&E worth $30,000
*SAV valued at $170,000; retail value at $363,000
Con Tsonis and the team at LINK Melbourne are proud to present a longstanding sports and recreation retail store specialising in fishing gear and other complementary products.
This business has been operating for over 30 years, and has captured the hearts of the local fishing community in the picturesque Mornington Peninsula.
Strategically situated in a bustling shopping strip, right across from a pier, it enjoys a central position in a summer hot spot. With high volumes of both locals and tourists passing throughout the year, the revenue soars to an impressive $7,000 to $25,000 per week, particularly from November onwards.
It has spacious 150 sqm premises, a brand-new POS system and ample display shelves. Additionally, it offers a unique range of services, including the convenience of 8 paddle boards and fishing equipment available for hire. Notably, it also has three bait fridges, but a supplier provides these.
Featuring a prominent shop front, it ensures easy delivery access and showcases its extensive selection of top-notch gear. Furthermore, at the rear, a well-equipped rigging station awaits, where all equipment for hire is stowed.
The potential for growth is immense. It can reach new heights by tapping into the online sales market and establishing a diving tank refill station. With the state government’s support in expanding recreational fishing, the timing couldn’t be better to seize this golden opportunity!
Contact Con today to learn more.
Listing ID: 17135
Broker: Con Tsonis
Phone: 0411 744 466
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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