Old Florida Cigar and Bait Co

Asking Price$320,000

Cash Flow
$80,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$175,000

Inventory$60,000
Included in asking price
FF&E$10,000
Included in asking price
listing imageSave

Old Florida Cigar and Bait Co


Asking Price$320,000

Cash Flow
$80,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$175,000

Inventory$60,000
Included in asking price
FF&E$10,000
Included in asking price

Seller Financing Available
Business Description
Incredible opportunity to own a well established business on the Gulf Barrier Island of Indian Rocks Beach (IRB), Florida. Old Florida Cigar and Bait shop has been a local staple here on the Island for many many years and has a cult following by locals, Tampa area beach goers, repeat vacationers and tourists. Offering the only live bait option within city limits and fine Tampa rolled cigars. The showroom offers tackle and gear for all ages and all levels of expertise as well as grab and go accessories such as sunglasses and snorkels. A custom live well is the workhorse and welcomes fresh Gulf shrimp daily. Premium marquee signage on Gulf Blvd as well as window and light up banner signage on the building are a lure in and of themselves. The daily Auto traffic count from Walsingham Bridge to Belleair Bridge is 18,100 per the Florida Dept. of Transportation (FDOT). OFCB operates on a LEASE and is one year into a three year term. Subject to lease assignability and fees. Listing includes entity, good will, intellectual property, social media presence, lucrative liquidable assets, good standing vendor relationships, good standing Landlord/Manager relationship, and full assistance in the transition. Ample open and shared parking with the other well established plaza businesses. IRB enjoys a well run municipality, 26 beach accesses, community boat ramp, nearly 4,000 local residents, a two mile stretch of powder sand beaches, and is short term vacation rental (STR) friendly. An absolute wonderful place to do business where locals help locals. Plaza did not take on water from the 2024 storms which is a true testament to its perched higher elevation. An Island that exudes the Salt Life and where the inshore/offshore game fishing adventures will leave you coming back for more. A thriving community determined to stay small and welcome all and a business that is ready to be taken to new heights. Owner represented by Stewart DeVore, LLC. Re/Max Action First of Florida. SL3291973. 410 S Lincoln Ave. Clearwater, FL 33756
About the Business
Years in Operation
15
Franchise
This business is an established franchise
Facilities & Assets
Highly trafficked shopping plaza. Year around Tourist/local foot traffic. Nearby other thriving small businesses. High and dry with no flooding from 2024 storms. Arsenal of salt/fresh water tackle, live bait, fishing equipment, fish guides, retail, frozen bait, cigars, beer, grab and go sunglasses and knick-knaks. Check out counter, wall A/C unit, and half bath. Wheel chair accessible approach.
Website
https://www.facebook.com/OldFloridaCigarandBait
Market Outlook / Competition
365 day year around demand. Only business within the city limits of Indian Rocks Beach to get live shrimp. Conveniently located within the commercial district of Indian Rocks Beach, standout marquee signage among other thriving small businesses. Cult following for the 4000 residents and consistent tourism from hotels and short term air bnbs.
Opportunities for Growth
Upside potential is vast
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
360
Rent
$867.00 per month
Lease Expiration
6/2/2027
About the Sale
Seller Motivation
Retiring
Transition Support
Full transitional support from Owner.
Listing Info
ID
2402863
Listing Views
277
Attached DocumentsAttachment Disclaimer

List_20250820_0001.pdf

Business Location

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Business Listed by: Stewart DeVore

Listing ID: 2402863 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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