Listing Number: 76931-192181
Description
This company is a prominent manufacturer and distributor operating within the Texas Gulf Coast area, specializing in the production of fishing hooks and lead weights. They provide services for retail packaging of bulk fishing hooks imported from overseas, alongside the manufacturing and packaging of lead fishing weights. These high-quality hooks and weights are available both in barcoded retail packages and in bulk quantities of 5 lbs. Their clientele primarily consists of fishing and tackle shops along the Texas Gulf Coast. Presently, they are seeking to expand their distribution network by forging partnerships with regional distributors in other geographic areas.
Business is family-owned, managed by the father, with the son overseeing customer relations. They have cultivated strong relationships directly with key fishing hook manufacturers overseas, enabling them to offer clients a cost-effective solution. Initially, they sourced their products from a distributor. However, as their order quantities increased over the years, they transitioned to buying directly from the manufacturers, thereby reducing purchase costs.
Operating with efficiency, the business maintains a lean team, with only one additional employee assisting in daily operations. Business also operates a storefront in San Antonio, providing smaller customers with the option to visit and purchase products directly.
Listing Details
- Price: $ 350,000
- Down Payment: $315,000
- Sellers Discretionary Earnings: $ 100,000
- Total Sales: $ 219,776
- Location: Bexar County, Texas
- Inventory: $ 28,650
- FF&E: $ 34,500
- Employees: 1
- Year Established: 2017
- Reason for Selling: Freeing up funds for other investments
- Category: Marine Related
