Local fishing tackle shop

Local recreational anglers, holidaymakers, families trying fishing for the first time, and boat and kayak owners.

Retail margin on tackle, bait and accessories, plus extras like rod and reel rigging, line spooling, and local fishing licence or gear bundles for beginners.

• Good fishing knowledge for your local waters
• Stock buying and cash flow management
• Friendly customer service

• Stocking is the big upfront cost, so start with a focused range and reorder what sells
• Selling firearms, ammunition, bows or certain knives usually needs state-specific licences or restrictions, so check with your state's licensing body before stocking anything hunting-related
• Live bait and fishing regulations differ by state, so check rules on bait, size limits and what you can sell
• Public liability and shop contents insurance, plus lease terms and council approval for the premises
• Seasonal and weather-driven trade can make some months quiet, so plan your cash flow

Startup costs are typically around $40,000 to $120,000, depending on your premises and fit-out. Stock is the big upfront cost, so start with a focused range and reorder what sells.

Monthly revenue is typically around $12,000 to $60,000, depending on location, range and how many local and visiting anglers you attract. Trade is seasonal and weather-driven, so plan your cash flow for quieter months.

Selling firearms, ammunition, bows or certain knives usually needs state-specific licences, so check with your state's licensing body. Also check bait and fishing rules in your state, lease terms and council approval for the premises, and public liability and contents insurance.