Benchmark Business Group

Thriving Bait and Tackle Shop

Benchmark Business Group specializes in the confidential sale and purchase of successful businesses throughout the United States. Our experienced team, proven systems, strong buyer and lender relationships, and expertise in presenting financially sound deals to qualified buyers result in satisfied buyers and sellers.  Below is the list of businesses we currently have for sale.

Listing ID: 2962
Industry: Recreation: Outdoor,Retail: Sporting Goods

Quick Facts:

Listing Price:

$598,000

EBITDA:

N/A

Real Estate:

$293,000

Gross Revenue:

$1,032,505

FF&E:

$73,616

Established:

1970

Cash Flow:

$124,037

Inventory:

$100,000

Employess (FTE):

12.00

Description:

This thriving bait & tackle shop for sale in Eastern Iowa is a premier supplier of fishing equipment and live bait for the avid angler in the area. The business has maintained a dominant position in the marketplace due to a long-standing reputation as the “go-to” supplier for all fishing needs for everyone from the novice outdoorsman to the professional angler. In addition to carrying many top brands of rods and reels, this business also carries a large variety of lures and live bait.

Seller will support a modest amount of Seller Financing as part of a quality Offer.

Detailed Information:

Broker:

Brad Dostal

Location:

Midwest

Furniture, Fixtures & Equipment (FF&E):

bait machine, credit card machines, computers, fridges, freezers, bait baskets, display cases, shelving, ice machine, trailers, scales, and furniture, etc.

Facilities:

The business is in an approximate 6,000 sq. ft. facility located near a popular river for fishing enthusiasts. The building has been expanded by the owners to accommodate the variety of bait and tackle sold to their customers. They have ample storage space as well as parking.

NAICS:

453990

Inventory included?:

Yes

Reason for selling:

Retirement.

Market opportunities:

Due to their strong reputation and loyal customer base, the business could see growth by expanding their offerings to include other recreational outdoor activities such as archery or hunting which are both very popular in the area. The business could also add guided fishing tours to their service offerings. The website for the business could expand their e-commerce offerings to include more products.

Competitive advantage:

The business sells many high-margin lures and fishing jigs both in the store and online.

Able to relocate?:

N/D

Real estate included?:

Yes

Real estate owned by seller?:

Yes

Real Estate leased from a third party?:

No

Real estate available for buyer to purchase?:

Yes

Seller financing available?:

Yes

Training provided by seller?:

Yes

Franchise ?:

No

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