Fishing Tackle Manufacturer for Sale

Plymouth County, MA

Fishing Tackle Manufacturer for Sale

Asking Price:$298,000

Cash Flow:$87,500

Gross Revenue:$373,000





Fishing Tackle Manufacturer for Sale

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Business Description

The Company has been in operation continuously for 35 years as a US manufacturer of ultra-dependable and durable fishing tackle. It manufacturers a variety of fishing tackle and enjoys an excellent reputation for quality. Products are asked for by name and sold through distributors, sporting goods retailers and directly to tackle shops.
Products are made in the USA and are primarily used for saltwater fishing. Collectively, the products are often referred to as “terminal tackle”.

The new owner grew the revenue for the first three years of ownership. The owner invested in another company which started to grow and has taking on a partnership/leadership role in the new company. Also during that time, the owner had to help spouse with an illness. During that time the sales of this company have flattened out.

Company has potential for growth with focused management attention.

Key Facts:
Manufacture and sell over 50 products
Own a patent on signature product
Well known brand name with serious and professional anglers
Established distribution channels
Product sold in several well known sport good and retail outlets

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Sportfishing Industry can be characterized by the following: •Anglers: 30 million in the United States (25.4 million Freshwater and 7.7 million Saltwater)* •Fishing Tackle Sales of trips and equipment: $42 billion annually (includes both freshwater and saltwater fishing tackle)* •Of the 7.7 million saltwater fishermen, 5.9 million are located in only eight coastal states. FL, CA, MD, NJ, OR, NY, NC and TX* *U.S. Fish and Wildlife Service’s (USFWS) 2006 National Survey of Fishing, Hunting and Wildlife-Associated Recreation
Growth & Expansion:
Growth potential with further development of distribution partners and direct online sales.
Support & Training:
Yes. Term negotiable
Reason for Selling:
Managing 2 businesses. Need to sell one to focus on the other.

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Business Listed By:
Greg DeSimone

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