Santa Barbara boat charter and pandemic-essential bait & tackle shop

Santa Barbara County, CA

Seller Financing Available
WaveWalker at Santa Cruz Island on a placid sea
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Asking Price: $348,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $50,000

Inventory: $60,000

Rent: $1,852.40 per Month

Established: 1991

Santa Barbara boat charter and pandemic-essential bait & tackle shop

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Business Description

Well-known fishing charter business and bait & tackle shop one or both

2 long-established businesses for sale individually or packaged together to allow powerful cross promotion capacity and room for growth.

Business 1) Private fishing/cruising/whale watch/eco-tour charter business (WaveWalker Charters) for sale: Owner is retiring after 30 years of successful operation with a perfect safety record. Purchase price for WaveWalker Charters individually is $99,000

Includes:
~ Santa Barbara Harbor upwind slip, prime location easy access (for boat up to 31 feet) and nearby parking for customers and crew

~ 1991 Grady-White Atlantic 26 charterboat (31 feet LOA, needs to be repowered)

~ Extensive and highly-sought-after waypoint lists from over 30 years (many super-secret hot fishing spots from WaveWalker and other legendary fishing boats)

~ Prime domain name wavewalker.com ready for your web page content and contact info. The business has a website, and social media outreach via Facebook. The boat is often mentioned in editorial content of fishing media publications, which is even more powerful than advertising.

~ Customer referrals from seller’s bait & tackle store Hook, Line & Sinker (Business 2 described below.) Seller offering the bait & tackle shop for a stronger combined cross-promoting business model.

~ Ongoing discounts on bait & tackle products at Hook, Line & Sinker (buying both businesses provides very powerful cross-promotional referral business).

~ Ongoing powerful editorial promotion by seller/writer Capt. David Bacon in major fishing publications and speaking engagements

~ Easy access to Santa Barbara County coast and enchanting Channel Islands

~ WaveWalker Charters has proven scalable, depending upon current needs of the owner, with annual revenues ranging from $50k to $120k, operating part-time. A full-time owner/captain could generate considerably more business

~ Being the owner and captain of a private-charter boat is the best dream job (lifestyle) imaginable for any age person. WaveWalker Charters has a stellar reputation as a fishing charter boat and that reputation benefits the buyer.

Business 2) Pandemic-essential and long-established (approx. 50 years) bait & tackle shop (Hook, Line & Sinker) ideally located near the coast and adjacent to a highway that leads to Cachuma Lake and National Forest fishing spots. The shop caters to both saltwater and freshwater anglers and has a loyal customer base. Owner is retiring. Purchase price for Hook, Line & Sinker individually is $249,000 (undervalued price for retirement).

Includes:
~ Hook, Line & Sinker fishing center has a website, and social media outreach via Facebook and Instagram. The store is well-connected with media and has been mentioned regularly in publications like Western Outdoor News and Pacific Coast Sportfishing magazine. Editorial promotional mention often includes both WaveWalker Charters and Hook, Line & Sinker.

~ Hook, Line & Sinker has annual revenues averaging $260k over the past few years and with growth potential to $350k. There is room to expand significantly and add great product lines (e.g., kayaks and gear, rod-building gear, diving gear, etc.) for even much greywater income potential.

~ Owning a bait and tackle shop mean being "in the know" about hot bites and seasonal fishing opportunities. Combining the two businesses brings in valuable information and provides greater fishing opportunities for charter boat clientele.

Detailed Information

Location:
Santa Barbara County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Extensive waypoint lists from Capt. David Bacon from multiple legendary fishing party/charter boat is valuable and a potential source of revenue. The valuable ($30k) Santa Barbara Harbor upwind slip is included with the sale. New owner will transfer the slip and begin renting the slip from the City. The 31-foot 1991 Grady White (Atlantic 26 model) charterboat has twin 250-HP outboards (boat needs repowered and electrical work), Furuno electronics and safety gear. Hook Line & Sinker includes rented storefront, inventory and custom fishing rods.
Competition:
Santa Barbara, Montecito and Goleta are affluent communities with a huge tourism industry, so the combined market creates a large and wealthy business base. The bait & tackle shop is the only full-service shop in town. The only competing fishing charter operators are very part-time, so this business can be grown to command a large share of the market. The other operators are friendly and pass referrals among all operators in order to serve the market well. This combo charter business and bait & tackle shop can be ramped up aggressively.
Growth & Expansion:
The local and tourism markets are ripe for an ambitious charter operator to grow the business via marketing and promoting aggressively, and by adding offerings such as; photography, whale watch, birdwatch and science, eco and educational tours. The tackle shop can grow physically and by adding product categories. The seller is a professional writer for major publications, teaches for a local community college, serves as guest speaker and puts on seminars. Through all these mediums, he is willing to be a strong promoter of the buyer’s business growth.
Financing:
5% discount for cash offering. Seller offers partial financing with 50% down pay
Support & Training:
~ One season of consulting support from owner ~ On-board training ~ Will provide help obtaining a local Business Activity Permit ~ Editorial promotion in major west coast publications and in speaking engagements ~ Referrals and discounts from bait & tackle shop ~ Introduction to other charter captains (sources of referrals) ~ Introduction to clientele.
Reason for Selling:
Owner is retiring from the charter and bait & tackle shop businesses
Business Website:
http://www.hls-sb.com
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Business Listed By:
Capt. David Bacon

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