1401 Gulf Boulevard Unit 10, Indian Rocks Beach, FL 33785

Property 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 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 Manager review, approval, and assignability fees. Listing includes entity, good will, intellectual property, social media presence, lucrative liquidable assets, good standing vendor relationships, good standing Landlord/Manager relationship, and transition assistance. Ample open and shared parking with the other well established plaza businesses. Net profits can be realized at $80K and beyond. 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.