Local fishing tackle shop

Local anglers of all levels, parents buying for children, angling clubs and visitors to nearby rivers, lakes and the coast.

You buy stock from wholesalers and sell at a mark-up. Fresh bait, day tickets and repeat visits from regulars add steady takings, with extras from rod repairs or tackle advice.

• Good knowledge of fishing
• Friendly, patient customer service
• Stock control and buying

• Public liability insurance and shop contents or stock cover
• Live bait and chilled stock need a fridge or freezer and sensible hygiene, so check with your local council
• Selling knives, catapults or air weapons has age and legal restrictions, so check the rules before stocking them
• Selling firearms or ammunition needs a firearms dealer registration, so check with the police before stocking any shooting items
• Big online retailers compete on price, so stock and service need to give people a reason to visit

Startup costs are typically around £15,000 to £60,000, depending on the premises, how much stock you buy and your insurance. These are estimates, so plan your opening range carefully.

Monthly revenue is typically around £6,000 to £25,000, depending on your location, range and how many anglers you attract. The estimates assume at least about 35 hours a week. Big online retailers compete on price.

Check the age and legal restrictions on selling knives, catapults or air weapons. Firearms or ammunition need a firearms dealer registration, so check with the police. For live bait and chilled stock, check hygiene with your local council.