Abstract: An improved chair and storage unit is provided, which is particularly suitable for use as a fishing seat and storage means for fishing equipment. A chair seat is supported on a foundation that includes a first and a second side compartment that flank the seat. The side compartments form arm rests or side tables for the seat, and open along their tops, outwardly of the seat, so as to be readily accessible to a seated person. The seat has a bottom cushion and an adjustable back cushion that compacts to form a portable box-like structure with the other portions of the unit. Storage areas for bait and tackle are provided in one side compartment. The other side compartment has a cooler. An elongate storage area for fish rods and reels is also provided.