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Shepherd

What are the Steps to sell an entire tackle business(molds, injection system, packaging, inventory, name)

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I honestly think you will be hard pressed to find someone willing to buy all. 

1.  The name?  I don't fish near what I used to but don't think it is a selling point.  Outside of this forum never heard of the company.  Not many are going to be and won't add anything to the sell.  Mom and pop bait companies come and go.

2.  Molds?  Are only worth something if they a good.  If you have a bunch of strange things that won't sell the are nothing but scrap.  

3. Inventory... see molds.. but typically have to give it away.  Been to too many tackle shows were some guy thought he would start a lure business and is selling things for a huge loss and still can't move product.

4.  Injection machinery is the only value along with maybe unused supplies.  All will have to be priced right in order to move.

Local guy/gal your best bet and you should have very detailed business related records.  Are there agreements in place with tackle stores, will those transfer and continue?  Bottom line I would want to see your revenue stream and know if it is something of value.  Absolutely nothing to gain to take a failing lure company and try and make it successful.  Usually the damage is done at that point.

 

 

Edited by Travis
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Posted (edited)

It is NOT a failing company....Also, of course I would open my books, for serious potential buyers. My distribution would transfer and not skip a beat. You may have never heard of company. That's understandable, there is 100s of companies like mine. But that doesn't change the fact I'm in stores in Alabama, Mississippi, and Florida. Along with orders directly from my website.  I've found my niche and only want to sell if someone was looking for a turn and key business. My molds are solid. I will just keep them for personal use. Thanks for your reply.

Edited by Shepherd
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I didn't say your company was failing... I said I would want to see books on any business as  most you don't want to take on a failing company especially something as fickle as lure making.   Business definition varies considerably on this site depending on the guy/gal.  Guys selling 500 bucks a month calling it a business and then guys pushing legit volume and money and walking away from real jobs with benefits.  

Just my experiences with regards to molds, inventory, and small bait companies on KY/Barkley lake area.. over the years.  Most of my experience was when there was a lot less competition in the early 1990's to 2000 can only assume it has gotten worse.

Maybe someone else will chime in there have been several on here with lure companies or businesses or contact you privately.   

 

Edited by Travis
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Thanks for your time and honest opinion. You're 100% right it is a very very tough industry to get your foot in the door. But to any of that is interested the proper steps on my end will be transparent and honest with good intentions I would never try to sell a business especially when I created if that business was in the red. I don't believe that would be very honest or definitely not high moral code. I don't want to let it go but I would love to see someone who has been in the business and has their own distribution and might see my company and it's volume as a asset to their bottom line. It'd be pretty cool to see how far someone that's already pretty well known can take it. It's always very interesting to me how some people find the way in this industry to Excel way beyond expectations. I came very close and talking with Jim at Major League fishing to do a deal with them. You're basically paid to play. I just love fishing and everything about it and would be really something to hang my hat on if anything I did inspire the next generation to keep the boats in the water and the lines tight. I appreciate you man

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Really tough to sell a soft plastic bait company unless you're someone like Yamamoto.  As mentioned, you will more than likely have to piece it out.  Not really the name people are after.  It's your molds and other products, provided they are of good quality. 

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