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  5. ›Notice of RFP - Bait Tackle Marine Supply

Borough of Atlantic Highlands·New Jersey

Notice of RFP - Bait Tackle Marine Supply

Rolling / TBD close$150k – $200kRequest for Proposal
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Description

The Borough of Atlantic Highlands is seeking a qualified vendor to operate a bait, tackle, and marine‑supply retail store in the municipal marina’s 1,800 sq ft ground‑floor space. The lease is for five years with an optional five‑year renewal, and the successful bidder must provide a $150 non‑refundable proposal fee, a security deposit, and demonstrate at least $100,000 in liquid assets. Proposals are required to be submitted electronically by October 2, 2015 (NOIP) and as a sealed hard‑copy bid by October 8, 2015. The lease commences around November 1, 2015 and includes rent of $35,000 per year for the first two years with at least a 3 % annual increase thereafter. • Operate a retail store selling bait, fishing tackle, marine supplies, bottled water, and non‑alcoholic refreshments. • Lease term: 5‑year base, optional 5‑year renewal; rent $35k/yr (Years 1‑2) with escalations. • Financial requirements: $150 proposal fee, 25 % security deposit (or $10k), $100k liquid assets, personal guarantee. • Mandatory electronic Notice of Intent to Participate by Oct 2, 2015 4:30 PM; sealed‑bid delivery by Oct 8, 2015 11:00 AM.

Attached files

Contact

Adam Hubeny(Borough Administrator)

[email protected]

Key dates

Opened
9/20/2015
Closes
Rolling / TBD
Projected award
11/1/2015
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Retail Services
NAICS
453998

Budget estimate

$150,000 – $200,000

The lease pays $35,000 per year for the first two years and includes at least a 3 % annual increase thereafter. Assuming a modest 3 % escalation, total rent over the initial five‑year term would be roughly $180,000‑$200,000. Adding the required security deposit (minimum $10,000) and assuming the tenant covers utilities and other operating costs, the revenue range for the vendor is estimated between $150,000 and $200,000 over the contract period. Factors influencing the budget include actual rent escalations, optional renewal terms, and any additional revenue from optional dock or slip rentals.

AI estimate from the solicitation

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