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Thriving Scuba Diving Retail Center, Commercial Office/retail Property For Sale

Okaloosa County, Florida, US
Asking Price:
$996,300 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K
Cash Flow:
$193,000

Combined sale of a full-service, thriving retail Scuba Diving Center and the 6-unit commercial retail/office property in which it resides, including it's adjacent parking lot.

Willing to consider an isolated dive shop sale (without the building).

Contact us for more details. Dive Center Only sale price: $583,700 (inclusive price: inventory, assets, and good will).

The dive center and building are located among one of the largest military populations in the world.

VA-licensed to offer G.I. Bill certifications.
Great staff of dedicated PADI and NAUI contract instructors.

Active, profitable GSA contract for sales to all federal and military organizations worldwide.

Well-known as NW FL's spearfishing HQ! Over 35 of the world's leading dive gear manufacturers

The sale price includes a 6-unit office/retail complex over 7,100 sq. ft. and its adjacent parking lot.

Dive Center occupies one of the 6 retail spaces (~2,850 sq. ft.)

Dual compressors, a Nitrox filter system, and a 19 x 4500 psi tank fill station. Large inventory room, newly constructed classroom.

Exceptionally loyal active and retired military customer base. High-vis location on the primary road front.

All rental units are fully occupied year after year.

Property Information

Real Estate:

Real Property Included

Location:

Premium road front on heavily trafficked street. Within 1.5 miles of the largest military base in the U.S.

Premises Details:

SCUBA Diving Center is located in one of the six retail/office units of the one-story building complex. The Building, parking lot and SCUBA Center are packaged in this sale and are inclusively reflected in the sale price.

Size in square feet:
7,100

Business Operation

Expansion Potential:

• Growth potential for increased GSA contract sales (military and all federal agencies).
• Grow Travel program (establish a tenured trip lead)
• Eglin AFB dive certification contract with Rec Svcs - pending! (All dive certification leads on the entire base will come through Discovery Dive World for their certification).
• Option to expand the shop into unit 94
• Online dive gear sales presence
• Sponsorship growth to expand the annual spearfishing tournament
• Continue to renovate the rental unit interiors. All of these units are currently rented well below market value as they are.
• Grow sponsored local dive events

Competition / Market:

None in Valparaiso or Niceville! There are other dive centers across the bay in Destin.

Reasons for selling:

Retiring from ownership

Trading hours:

Tues-Sat

Employees:
2 plus 5 contract dive instructors
Years established:
32

Other Information

Support & training:

One month. Will consider making myself available for support beyond that (intending to remain local to the area). Contact seller: [email protected]

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Willing to consider an Installment Sale or a partial Seller-Financed agreement.

Furniture / Fixtures value:
$7,500 - included in the asking price
Inventory / Stock value:
$155,000 - included in the asking price
Website:
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