RE/MAX Advance Realty in South Florida Negotiates $10.5M Sale of Key Largo Fisheries
Curtis Skomp, Greg Dully and Rosanne Dully brokered the deal
Key Largo Fisheries will have new owners after a nearly $11 million sale of the company, the surrounding land and other facilities were sold to Summit KLF LLC, led by Bob Charney and Marc Anderson. Located at 1313 Ocean Bay Drive in Key Largo, Key Largo Fisheries encompasses one of the few remaining authentic fisheries in the Florida Keys as a renowned seafood company, restaurant and bait shop. It has passed through four generations of owners after initially opening as “Jack Hill Bait and Seafood” by Jack and Dottie Hill in 1972. The business evolved into one the area’s most renowned seafood company, restaurant, and bait shop.
“This transaction was the perfect match of local seller and buyer, and we were honored to help facilitate it,” Skomp says. “All multi-generational business owners dream of finding local buyers who respect and admire the original company’s legacy and values, and that’s exactly what we have here between the Hills, Bob, and Marc.”
Other facilities included in the purchase, which Advanced Realty Miami brokered, include a 32-slip marina and a 4,500 square foot waterfront warehouse building. Three parcels of land covering more than one acre of prime waterfront property and the basin bay bottom and bay bottom of the entire channel leading out to the Atlantic Ocean were included in the transaction. The area is located on a deep water boat basin in a Commercial Fishing Special District (CFSD) zone, designed to preserve and protect the area’s fishing industry.