Major $60,000 Price Drop!!! Capitalization Rate of 69.44%. Come One, come all! Welcome to Endless Summer Beach and Surf Shop, located at 11 South Tamiami Trail! This thriving business opportunity is perfectly positioned on a high-traffic corridor (35,975 daily traffic count) providing excellent visibility and accessibility. The shop exudes a laid-back, beachy vibe, capturing the essence of Florida's coastal lifestyle. Situated on Tamiami Trail, this property benefits from both local and tourist traffic, ensuring a steady stream of potential customers. The shop features a generous retail space, perfect for displaying an extensive selection of surfboards, beachwear, accessories, and more. Recently renovated, the interior boasts a modern design with bright, welcoming decor that enhances the shopping experience. Enjoy additional outdoor space where they added a mural wall. Ideal for promotions, special events, or expanding your display area. Convenient parking for customers ensures a hassle-free visit. Endless Summer Beach and Surf Shop is a well-known name in the community, attracting loyal customers and new visitors alike. With the popularity of beach culture and water sports, there is ample opportunity to expand product offerings and increase revenue. They just started offering jet ski rentals. You can purchase the jet skis on a separate bill of sale. Don't miss this chance to own a piece of Florida's vibrant beach lifestyle whether you're an entrepreneur looking to invest in a profitable business or a beach enthusiast! Included with the Sale: Entire inventory valued over $110,000, including consignment items - Rental chairs, umbrellas, beach wheelchair, rental sifters, and rental surfboard. All fixtures, displays, and contact information of suppliers and local consignment artists. Square tablet Website: www.floridabeachandsurf.com Mural on the side wall to draw attention Training and procedures overview if desired Two year renewable double net lease signed in September of 2023 Twenty 5 star reviews on google Currently, there is one part-time employee at $15 per hour who can stay or go. Monthly Expenses: Rent: WAS $2,750 NOW NEGOTIABLE Electricity: $201 Insurance: $60 Employee: (15 hours per week) Cost: 60 hours/month × $15/hour = $900 Total Monthly Expenses: $3,911 Annual Expenses: $46,932 This Year’s Profit with Employee Working 15 Hours Per Week Annual Operating Expenses (with Employee): $46,932 Net Operating Income (NOI): $102,490 (Gross operating income) - $46,932 (expenses) = $55,558 Capitalization Rate $55,558 (NOI) ÷ $80,000 (Property Value) × 100 = 69.44%. Last year’s profit with NO EMPLOYEES: Last year’s Gross Operating Income (GOI): $102,490 (total sales/revenue) Net Operating Income (NOI): $66,358.46 (after deducting annual operating expenses of $36,132) Sales from (Purchase date til the end of the year) 10/1/2023 - 12/31/2023 = $15,344.31 Sales from 1/1/2024 - 8/13/2024 = $43,964.70

Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICE 9419003400



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Data last updated at: 2024-10-22 08:00 PM EDT