Florida Coastal Outfitters Business w/ Real Estate

Business Opportunity for Sale
Catylist Listing ID: 30809621
Property Subtypes: Retail Stores
Building Size (RSF): 3,000 SF
Sale Price: $1,750,000
Name of Establishment: Island Outfitters
Business Website Address: https://www.sgioutfitters.com
Year Business Established: 2003
Gross Revenue: $811,700 (Annual)
Cash Flow: $318,000 (Annual)
Relocatable Business: Yes
Sale Terms: Cash to seller.
Last Updated: 2/25/2023

Overview / Comments

Do not miss this rare opportunity to own a piece of the USAs 2021 Top 10 Ranked Beaches. Own a profitable Florida Coastal Outfitters (store and rentals) on the gorgeous St George Island- a 22-mile barrier island on the Forgotten Coast of Florida. This established outfitters store is popular among visitors to the panhandle of Florida who are looking to get away and fish the finest coastline while enjoying the sugar white sand beaches that it is most known for. The currently operating outfitters sells professional quality fishing gear and accessories as well as kayaks paddle boards and coastal-lifestyle apparel. Once on the Island vacationers would have to travel over an hour to duplicate purchases from this high-end outfitters store. Located on the one and only main road this business sees the highest traffic count and offers recreational angler gear and beach rentals to those staying long term or visiting the state park for the day.

The inviting store (2100 sq ft) and parking lot are comprised of two lots and the 900 sq ft warehouse sits on an additional lot behind the store- all included in the sale. St. Geroge Island sees over 250,000 visitors yearly and their rental market of over a thousand beach homes is at 100% occupancy during high season (Memorial Day to Labor Day). The outfitters cash flow and revenue continue to increase yearly with a record-breaking sales year in 2021 and continues to show a 20% increase in sales as of May 2022- a direct reflection on St. Geroge Island as it continues to grow in year-round popularity to vacationers wanting to visit North Florida beaches. Live the island life while owning and operating St. George Islands only high-end outfitters and rental company. Change your lifestyle and own a profitable business on one of the best island beaches.

Additional Details

County: Franklin
Industry Segment: Independent Stores
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,000,000
Real Estate Lease Description: The main retail store (2,100 sq. ft.) and the paved parking are located on 2 adjacent lots. The warehouse building (900 sq. ft.) is located on a 3rd lot behind the retail property. The warehouse property allows for residential development. All three lots are included in the sale of the property.
Mgmt/Training Support Description: Current owners are willing to stay on for a specified time for training.
Competition/Market Description: Located on St. George Island. A 22 mile barrier island, part of Florida's Panhandle and in the Gulf of Mexico. 2 hours Southwest of Florida's Capital, Tallahassee, FL. St. George Island is considered part of Florida's "Forgotten Coast", east of Pensacola, Destin and Panama City Beach and west of Cedar Key and St. Marks, Florida. The outfitters is on the main road of the island, across from the lighthouse and directly east of the main four way stop on the island, just over the mainland bridge.
Growth/Expansion Opportunities: Online sales can be seamlessly integrated with newly upgraded point of sale system. Additions to the rental operation (golf carts) and staying open year round are just a few examples.

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,793
Median Age: 38.05
Households: 682


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. TALrex.com Member
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