As a former bait shop owner, in northeast Texas, I can tell you that it is not really difficult to start up. Depending how big you want the shop to be, you won t need much space at all. One very important thing is, if you plan on selling LIVE bait(minnows, night crawlers, etc.), they MUST be kept cool or else they ll die before you can get a dozen sold. I had a small (12x8) room that was air conditioned( window unit) just for that purpose. The fishing tackle I sold at my shop was purchased from a wholesale supplier...all well known name brands. I did not sell fishing licenses because there was a lot of state government red tape to break through, cost vs profit was not there, and it just didn t make sense for me to sell them due to the fact that there was a state park just a mile away that sold them. Hmm...there s so much more I want to tell you...could you please e-mail me and I can give you my phone number via e-mail. One thing for sure about having a bait and tackle shop....IT S A LOT OF FUN!! I miss mine. =(
if your looking at this large scale in like opening a chain of shops it will be alot different to buying one shop for the love of it.for a large scale plan you will need finance and lots of it, premises, and legal advice and i could go on forever with all the different details...if you want to open a small shop then you need start up money, need to find a shop that is in an area that is big on fishing as that is where your target market will be and if you are good at math you need to sort out a business plan and cashflow diagrams to see if you will make any money or if you will loose money. if your not get an accountant to do it for you.if you want more information message me and ill be happy to help you. the world needs more entrepreneurs =] good luck
Buy a failed sushi shop ?You best bet would be to work at a bait shop, learn the ropes, watch the register, customer, invoices (f possible) and the books (if possible).You need experience in these areas (in no particular order) a) running a shop (for any business) and 1) Get a lawyer for advice about types of ownership/liability 2) Get a bookkeeper to keep track of the income and outgo 3) Get a Insurance guy/gal for state required insurance/common sense required insuranceb) running a bait shop 1) what bait is good ? Is it seasonal ? how long does it keep? 2) whats hot, tackle wiseAnd these are just the ones I could think of, I would bet money there are others.If you don t have answers to these questions, stop now otherwise the odds are against your success.
