South Dakota Fishing Tackle Mfg. & Distribution Company for Sale

Feb 25, 2022 4:55 pm

HAPPY FRIDAY!

Hey, everyone! It's Friday and we've got yet another new listing in South Dakota. You may remember from my last message that after a two-year hiatus I'm trying to send more emails. This is two weeks in a row! We'll see how long my streak lasts.

Once again, we've combined some of our dusty lists into one mega-mailing list, so if these emails don't pertain to you, feel free to unsubscribe--no hard feelings. No sense unnecessarily clogging your inbox. On the other hand if you know of anyone that would benefit from these emails, send them over to my sign-up page. I promise to never send more than one email a week. And, let's be honest, I've done better this month than the last two years combined!

More Information, Please!

SD Fishing Tackle Mfg. & Distribution Company for Sale

Asking Price: $209,000

Cash Flow: $41,837

Gross Revenue: $143,107

FF&E: $53,000

Inventory: $80,000

Established: 1964

Business Description

In operation for almost six decades, this business has built a great reputation through quality products and customer service. Currently, the business manufactures and wholesales tackle to over 60 bait and retail stores. In addition, they have one nationwide distributor and 2 retail chains with over 64 locations. Currently, the business focuses on summer fishing, so their busy season is approximately eight months long. The majority of their retailers are in the upper Midwest and Northeast part of the country.

After 36 years, the current owner is looking to retire and wants a buyer who can continue to serve their customers and take the business to the next level.

Detailed Information

Inventory: Included in asking price

Employees: 1 FT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Business is currently home-based, and is operated out of a metal building approximately 1250 square feet. (Home Based)

Competition: Although there's competing products on the market, this business has established a solid retail base and loyal customers for their vast line of products.

Growth & Expansion: Plenty of growth potential exists through magazine advertising, additional products/distributors, increased social media, and adding ice fishing tackle to make the business a year round enterprise.

Support & Training: Will train for 3 weeks @ $0 cost. Besides the typical state and local business licenses, no additional licenses are needed.

Reason for Selling: After 36 years, seller is looking to retire.

Home-Based: This business is Home-Based

More Information, Please!

I'm looking forward to hearing from you soon!

Be Well,

Josh

JOSH GRODE WOLTERS, MA, MBA, BTS

Business Broker | M&A Advisor

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