Are Tackle Shops Profitable?

A good bait and tackle shop can make about $45,000 per year, if it’s small. Larger franchised bait and tackle shops can make over $200,000 in profit per year.
Fishing tackle is the equipment used by anglers when fishing. Live fishing bait costs between $0.25 and $0.95 per bait.
The companies holding the largest market share in the Tackle Shops industry are Gander Mountain, Dick’s Sporting Goods Inc., Cabela’s, and Bass Pro Shops Inc.

SCHEELS offers a large selection of fishing tackle from top brands like Berkley, Rapala, Strike King, and more.
Bait and tackle shops charge customers between $0.25 and $0.95 for live bait, per bait.

A bait and tackle shop is a fisherman’s go-to supply shop for bait, normally located near boat launches, piers, and lakes.
Factors that determine how much money a bait and tackle shop will make include the size, specialty, location, profit margins, and more.
Compared to other businesses, opening a profitable bait and tackle shop is realistic if you supply quality goods in the right location.

As you source high-quality fishing tackle products and gather valuable market insights, you can move on to organizing the legal and financial aspects of your fishing tackle venture.
An LLC is a simple and inexpensive way to protect your personal assets and save money on taxes for a bait and tackle shop.
Securing a relationship with a local bank is essential when it comes to opening a fishing tackle shop for everyday banking and tracking money for expenses, profits, payroll, and more in a system.