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  5. ›RFP - Bait Tackle Marine Supply - 2015

Borough of Atlantic Highlands·New Jersey

RFP - Bait Tackle Marine Supply - 2015

Rolling / TBD close$200k – $400kRequest for Proposal
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Description

This solicitation seeks a qualified vendor to operate a bait, tackle, and marine‑supply retail concession within the Atlantic Highlands Municipal Marina. The contractor will lease approximately 1,800 sq ft of ground‑floor space (with optional dock and slip) for a five‑year term, beginning roughly November 1 2015, and must meet financial, experience, and regulatory requirements. The award will be based on a sealed‑bid proposal submitted by the October 8 2015 deadline, with a non‑refundable $150 review fee. The lease includes a base rent of $35,000 per year for the first two years and a minimum 3 % escalation thereafter, plus a security deposit and other fees. • Operate a retail business selling bait, fishing tackle, marine‑supply items, bottled water and canned drinks (no fuel, alcohol, or food service). • Submit a sealed proposal by Oct 8 2015 11:00 AM, including a $150 fee, proof of $100,000 liquid assets, business plans, experience statements, and required certifications. • Lease term: 5 years (≈ Nov 1 2015 – Oct 31 2020) with one optional 5‑year renewal; base rent $35k/yr for years 1‑2, ≥3 % escalation thereafter; security deposit ≥25 % of lease or $10k.

Attached files

Contact

Adam Hubeny(Borough Administrator)

[email protected]

Key dates

Opened
9/10/2015
Closes
Rolling / TBD
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Retail Services
NAICS
453998

Budget estimate

$200,000 – $400,000

The contract’s primary financial obligation is a lease rent of $35,000 per year for the first two years, with a minimum 3 % annual escalation thereafter. Over a five‑year term, total rent payments would range roughly $170,000–$190,000. Assuming the operator generates typical retail profit margins (15‑25 % on sales) and modest annual sales of $200,000–$300,000, the operator’s net earnings could realistically fall between $200,000 and $400,000 over the lease term, depending on sales performance and operating costs.

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