Check prices in your local area to make sure you’re competitive. Prices for fishing supplies and tackle vary.

Prices for bait vary, but average about $4 to $5 per dozen. You could also offer snacks and beverages. You can sell a variety of fishing supplies and equipment including: What? Determine your products or services This could jumpstart your word-of-mouth marketing and attract clients right away.

You might consider targeting a niche market by specializing in a certain aspect of your industry, such as live bait or frozen bait. With annual revenue of $456,000, you’d make a handsome profit of $137,000. As your shop becomes more well known, you might get 50 customers a day. This would mean $41,000 in profit, assuming that 30% margin. In your first year or two, you might have an average of 15 customers a day, bringing in $137,000 in annual revenue. These calculations will assume an average sale per customer of $25. How much can you earn from a bait shop business? Setting up a business name and corporation You’ll need a handful of items to successfully launch your bait shop business, including: Costs include the space rental, equipment, and inventory. Startup costs for a small bait shop range from $10,000 to $20,000. How much does it cost to start a bait shop business?

Fishing planet live bait shop prices