5110 Ridgewood Ave, Port Orange, FL 32127
5,136 SF | Retail Building | Port Orange, FL 32127 | $1,200,000 ($234/SF)
For Sale
Active
Asking Price $1,200,000
- Property Type
-
Retail
- Square Feet
- 5,136 SF
- Price / Square Foot
- $234
Listing Contacts
Sandy London
Property Overview
An extremely well known business located in the sunny Daytona Beach, FL area for over 48 years, with a loyal customer base and extensive word of mouth advertising. Well known for our personal customer service.
We offer a 2500 sq ft retail showroom, organized and fully stocked with thousands of in-demand items, plus an additional 800 sq ft secondary room which accommodates extra stock and lunchroom.
Our Marine/Boat supplies are likened to ''Your corner hardware store'', especially those items you need ''today!''. We have the largest selection of Boat Lift and Trailer Parts in the area. Most special orders are fulfilled within one day or even same day, with any of our dozens of established vendors.
The store is located on busy US Highway #1 in an excellent proximity to local marinas and boat ramps on the Intra-Coastal Waterway. The area is rapidly expanding.
Very little to no comparable competition is in the entire greater Daytona Beach area. One of our two competitors recently closed their shop and retired. The other one is a marine surplus store several miles away. Unlike us, they do not specialize in trailer parts or boat lift supplies, in addition to typical marine items. Our business is truly unique in this area.
Aside from the current successful business, on-premises expansion potentials exist, such as extending the current business hours to include early evening hours and Weekends; Internet Sales; Trailer and/or Engine repair; Trolling Motor Installation & Warranty Service; Social Media, etc.
The store has been in the same location for over 48 years, a 5,000 sq ft stand-alone building with
$200,000 (wholesale cost) of quick-turning inventory and plenty of parking. Current gross income averages $500,000 annually.
This "Mom & Pop" operation is a terrific opportunity for a family run business. Current staff is 3. Owners are retiring but our right-hand girl knows the business inside-out and plans on staying on.
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Detailed Information
Facilities:
The 5,000 sq ft building is located on a 90’ x 200’ fenced commercial lot on busy US Hwy #1 in Port Orange. An easement exists on the south side of the lot providing potential for additional access. The building is concrete block with a new roof (2019). The business occupies 3300 sq ft. of the building.
In addition to the space that the current business occupies, there are also two additional units in the rear, about 850 sq ft each with private entrances, bathrooms and power meters. These units could be considered for expansion of the business or potential rental income. The property is zoned RD in the prime Ridgewood Development Corridor allowing a multitude of uses and plenty of visibility.
We are offering the purchase of the real estate with the business. Asking price is $1,200,000 for the property, building, inventory and goodwill.
Competition:
In 2020 the marine business exploded, as boating is one of the safest recreations. Our proximity to boat ramps, marinas and Ponce Inlet/Disappearing Island is excellent. There are no other comparable retail stores in the greater Daytona Beach area offering one-stop shopping for boat parts/accessories, trailer parts and boat lifts.
Growth & Expansion:
Extending the current business hours to include early evening hours and/or weekends would increase revenue substantially. One of the rear units could be used for Trailer Repair, a much needed service in this area. This should be a serious consideration since the retail portion stocks all the needed parts. Internet Sales, Engine repair, Trolling Motor Warranty Station and/or Installation, as well as Social Media networking and other types of advertising are also options. Currently we do no major advertising.
Support & Training:
We will provide all the training necessary to operate the business
Business Website: Phone:
www.bobsdiscountmarine.com (386) 761-5378
We offer a 2500 sq ft retail showroom, organized and fully stocked with thousands of in-demand items, plus an additional 800 sq ft secondary room which accommodates extra stock and lunchroom.
Our Marine/Boat supplies are likened to ''Your corner hardware store'', especially those items you need ''today!''. We have the largest selection of Boat Lift and Trailer Parts in the area. Most special orders are fulfilled within one day or even same day, with any of our dozens of established vendors.
The store is located on busy US Highway #1 in an excellent proximity to local marinas and boat ramps on the Intra-Coastal Waterway. The area is rapidly expanding.
Very little to no comparable competition is in the entire greater Daytona Beach area. One of our two competitors recently closed their shop and retired. The other one is a marine surplus store several miles away. Unlike us, they do not specialize in trailer parts or boat lift supplies, in addition to typical marine items. Our business is truly unique in this area.
Aside from the current successful business, on-premises expansion potentials exist, such as extending the current business hours to include early evening hours and Weekends; Internet Sales; Trailer and/or Engine repair; Trolling Motor Installation & Warranty Service; Social Media, etc.
The store has been in the same location for over 48 years, a 5,000 sq ft stand-alone building with
$200,000 (wholesale cost) of quick-turning inventory and plenty of parking. Current gross income averages $500,000 annually.
This "Mom & Pop" operation is a terrific opportunity for a family run business. Current staff is 3. Owners are retiring but our right-hand girl knows the business inside-out and plans on staying on.
________________________________________
Detailed Information
Facilities:
The 5,000 sq ft building is located on a 90’ x 200’ fenced commercial lot on busy US Hwy #1 in Port Orange. An easement exists on the south side of the lot providing potential for additional access. The building is concrete block with a new roof (2019). The business occupies 3300 sq ft. of the building.
In addition to the space that the current business occupies, there are also two additional units in the rear, about 850 sq ft each with private entrances, bathrooms and power meters. These units could be considered for expansion of the business or potential rental income. The property is zoned RD in the prime Ridgewood Development Corridor allowing a multitude of uses and plenty of visibility.
We are offering the purchase of the real estate with the business. Asking price is $1,200,000 for the property, building, inventory and goodwill.
Competition:
In 2020 the marine business exploded, as boating is one of the safest recreations. Our proximity to boat ramps, marinas and Ponce Inlet/Disappearing Island is excellent. There are no other comparable retail stores in the greater Daytona Beach area offering one-stop shopping for boat parts/accessories, trailer parts and boat lifts.
Growth & Expansion:
Extending the current business hours to include early evening hours and/or weekends would increase revenue substantially. One of the rear units could be used for Trailer Repair, a much needed service in this area. This should be a serious consideration since the retail portion stocks all the needed parts. Internet Sales, Engine repair, Trolling Motor Warranty Station and/or Installation, as well as Social Media networking and other types of advertising are also options. Currently we do no major advertising.
Support & Training:
We will provide all the training necessary to operate the business
Business Website: Phone:
www.bobsdiscountmarine.com (386) 761-5378
Property Details
- Class
- B
- Year Built
- 1976
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 20,038 SF
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