Goose Hummock B+T

[capesams]

is for sale if you have any loose change hanging around,,only 3.9 million.

inventory not encluded.

[Karl F]

hmmm... very interesting article in last months Cape Business about the Goose.
After reading that, and the direction the current owner said he had in mind for the store, this can only be good news... if the right party buys it.
That figure include the R.E.?
He can keep the kayaks.

[Flaptail]

In the old days that was the shop to do business with, along with my old friend MacMin Reed of course. I go in there now only when there is a sale on ( like the late fall 3 plugs for the price of two thingie). It used to be that no matter where you were in fishing season you could walk around in your waders all day long as did all the other fishermen. Breakfast at Nonny's or Capn' Elmers, Angelo's Market, the Goose etc., no one thought twice about it. Now you walk into the Goose with waders on and they look at you funny as you track mud all over the carpet. Carpet in a tackle shop? The bait Shack is the only place where you are most welcome to walk in with muddy/sandy waders and no one gives it a second thought. Oh yeah, and no Van Stals at the Bait Shack either, I like that too!

The Goose is cooked. Karl, Let's buy it and make it into a real tackle shop with an attached Liquor store. Bait and booze, the perfect combo!

[tlapinski]

Originally Posted by Flaptail

Bait and booze, the perfect combo!

... and boobs...

[jeffsod]

Let's buy it and make it into a real tackle shop with an attached Liquor store. Bait and booze, the perfect combo!

Throw in some adult videos and you might have an award winning combination


I have been buying mostly six inch sluggos there the last couple years because they have them in bulk. The prices on plugs just keep going up every year there. They definetely aren't catering to the local fisherpersons. I wanted a dozen of the kalin jigheads they usually have out loose in the bins but the bin for the size I wanted was empty. They had a bulk bag of one hundred or so in the size I wanted and I asked if it was ok to break into it. Nope can't do that. Saving that for someone to come in and drop a 100.00 for it. Huh? So you would rather save it on the chance one guy is going to happen in and buy a hundred when you could satisfy multiple customers by opening it now. Couldn't you tell the guy who wants a 100 to come back in a couple days when you get another and take some of the loose ones in the mean time? Where's the service there? This has actually happened to me more than once in the last couple of years.

This is why I would rather give my business to shops who appreciate it like M&D's!

[NIB]

3.9 for a retail biz where u can buy online all u need.Online services will put an end to most retail establishnents in the future.go ahead u would do better throwin ur money off the back of the grean monster.at least more people would get some.

[fishweewee]

Goose Hummock is situated on some prime real estate in an ideal location.

Guys fishing Orleans and Chatham - go to Goose.

Guys going to Race Point and points in between up Route 6 - very easy to stop by Goose first.

It'll be a sad day if it gets turned into something that is not a tackle shop anymore. Best selection of bombers on the East Coast (Red Top is #2 in that regard IMHO).

Wonder if business will suffer this year due to high gas prices (=fewer tourons to drop cash there).

-WW

[Flaptail]

Ben, the Bait Shack kills the goose in Bomber selection.

[Karl F]

The article I read in last months Cape Business... the vision of the current owner... was kayaks, kayks and more kayaks... eco tours, enviro tours, kayak based estuary tours all green and soft... the gun and ammo DEPT., has been regulated to a basement closet, the upstairs is waaaaaay toooo upscale, and like ya said flap, come in with waders or a fishy aroma... and you get looked at like your evil...
bait, booze, hmmmm .... wendy's is just across the street, theres a dunkys in the Stop and Shop across the street... rip the rugs out.... ....nahhh.
3.9 mill lotta ching.
I think that Willis and Bill Gould would really not like the Goose of today... old Francis Sargent might like it, but I doubt the Gould boys would approve...

[Karl F]

Originally Posted by Flaptail

Ben, the Bait Shack kills the goose in Bomber selection.

:uhhuh: Ed knows how to put the right ones on the shelf there, for sure.

Harry had a killer selection last year over at Nauset Angler too.... he had a bunch of blurple.....

[Pete_G]

We have a few carpets, but no one will look at you funny if you walk in with mud on your feet or your waders on.

Korkers are even OK as long as you stay on the rugs.

[capesams]

guy's at goose came right out and said we don't want you local's in here nickle an dimen us...we want the tourist that drop 300.00 on a rod and tackle for the weekend their here...buy it or go elsewhere....reel nice.

[partsjay]

$ 3.9 Million......that's it?

Don't know how any bait shop could pay for that rent.

[partsjay]

guy's at goose came right out and said we don't want you local's in here nickle an dimen us...we want the tourist that drop 300.00 on a rod and tackle for the weekend their here...buy it or go elsewhere....reel nice.

That's sad.

[Karl F]

B&T is a tough racket, especially if you don't own the RE, high rents (overhead) plus the high cost of utilitys here on the cape, leaves room for little, if any, profit. Blackbeards, Bait Shack, Pamet B&T, Nauset Angler, The Hook-Up, (sorry, I have not checked out the New operation at Nelsons yet) are all places that I would recomend, and I know that some of them are struggling to keep their heads above water....... Macmin Reed....Flap.... ya know, I have only been into Macs once since he passed... somehow not seeing him or Fran Higgins in those dump chairs in the back, I feel like I'm trespassing... I guess Pat's still trying to keep it going, but they have very little overhead, thanks to Mac.
I've felt the cold shoulder at the Goose, local boy, almost been ignored... you cannot succeed in any retail operation, if you do not cater to the locals. My employer has owned the business I work at since '52, (I've been there since '78) same family, and they have always had the policy to cater to the locals... first. Seems to be working fine, growth every year. Not that we make anybody feel unwelcome, but the guy feeding us in January and February, does hold a special place in our hearts

[fishweewee]

Originally Posted by partsjay

$ 3.9 Million......that's it?

Don't know how any bait shop could pay for that rent.

I don't see how anyone could get a reasonable return on investment with that kind of purchase price.

The largest tackle shop in my area (CT) grosses about $2 million annually (that's SALES dollars). Margins are probably thin - let's be generous and assume 25% (adjusting for product mix). After paying for merchandise, you've got $500,000 to pay for overhead like employee salaries, utilities, property taxes, repairs and maintenance, and mortgage.

Let's dissect the mortgage payment here for a second.

For a $3.9 million mortgage, you'd probably have to put 20% down ($780,000).

Let's assume we're financing

$3,120,000

over

30 years (360 months)

at

7% annual interest

Your monthly mortgage payment would be $20,637.06, which would come out to $247,644.66 per year. That's a whopper of a payment.

Getting back to your down and dirty cash flow ... gross profit of $500,000 less $248,000 annual mortgage payments = $250,000 to pay the rest of the bills. I'd hate to see the property tax bill, if assessed values are anywhere near the pro-rated purchase price, it's gonna be steep.

I dunno guys, doesn't sound like a lot of room for error here, especially when you consider how sensitive this business is to the weather, is primarily tourist-driven, and the fact that the season isn't that long.

-WW

[Nebe]

Originally Posted by fishweewee

Your monthly mortgage payment would be $20,637.06, which would come out to $247,644.66 per year. That's a whopper of a payment.

especially in jan through april

[piemma]

yeah, but the real estate is worth that and who ever buys it will not operate it as a tackle store. My bet is that they knock the building down and build a revenue producing entity such as a hotel, resturant, condos, bed and breakfast or some other commercial enterprise that would make more than the 5 or 6% net a tackle store makes.

[vineyardblues]

It's da land it's on water front to great fishing, not sure of the size of the lot? LOCATION LOCATION LOCATION....

Funny about the waders, On the vineyard they have them on at church..lol
Only kidding but just about every other place does not think twice

Was that before Clinton F** It up ? ...lol
VB

[Karl F]

piemma, local and state laws regards to septic would kill any hopes of that type of business, the Inn next door to it has some serious septic issues, and the bulkead in front of their parking lot is collapsing into the water at a rapid rate.. town hall is after him all the time to fix stuff/bring stuff up to code.
The back building on the water that is full of the kayaks.... hate to tell you how many times that has been flooded over the years. parking issues/entry/exit... nothing but headaches... location, location,location... yes... issues/headaches/regulations... as well.

[fishweewee]

Know what?

Orleans needs a Hooters. Yeah, the folks at Wendy's across the circle would bitch, but if the OBX has its own Hooters, why not one near the Outer Beaches?

[capesams]

someone will pick it up[with more money than they know what to do with][tax right off] and give something a try.When u have 20-30- 60 million, what's 3.9....Mike doesn't need money,,he just bought it for something to do.The first big mistake they made was dumping Paul so Shaun could take over, who didn't know his a$$ from his elbow about tackle,but thought he was better than the rest,,then ripped Mike off an flew the coop...then they put Mark in charge who didn't like people..talk about going a$$ backwards.

[Karl F]

Shaun is selling commercial RE now... maybe he can dip into the goosewell one more time....
They tossed Bruce way back too, that was a mistake (he did OK up at MacSquids for a spell,, till he left us).... Paul, Bruce, Mark (he's as grumpy as you) , but they knew what they were sellin', (and Mark did treat the locals better ) and that's been lacking in there for tooooo long.

[vineyardblues]

Shaun does know fish If it's the same one who lives down the street from Harrys ?? GREAT guy. And his brother 2.......
fishing every day!

VB

[capesams]

even I couldn't hold a candle to Bruce

[Karl F]

never been treated finer by a B&T than when I did business with Bruce at MacSquids, or before that, when he was at the goose...
u grouchy type guys ain't so tuff

[Flaptail]

When Tony C. opened Bass Run that was a great shop. let's face it a tackle shop in New England is a tough proposition unless, as CS said, you got money to burn. The earthy, crunchy, green thing leaves me feeling unclean. Ick!!!! Bring back Red MacFarlane to this earth and open it again down at the origianl site near the Harry's. Live bait, tackle and all hours of the night. Reminds me of the places that used to be by the Canal. Fisherman's Friend aside of Quintal's. Boy the plug collectors would have had to go on Valium just to walk in I can remember with my Dad walking in there and on the shelves were plugs in boxes by the hundreds. Atom's, Masterlure, Floyd Romans, CCBco, Bass Bomb, Gibbs. I miss that place and Old Biff's at the Bridge. He would open the doors on the cabinets and they were stacked with plugs in boxes. He would live there in season in a back room. Also Maco's and Calderras at the Buttermilk bay bridges. I am glad I was able to experience them, and the memories that went with them.

[Karl F]

Dang Flap, ya did it to me again... Freddy (Red) MacFarlane,... CS, where do ya think Bruce learned his ways? From Uncle Fred! All them Red stories just came flooding back into my head, and why am I all of a sudden remembering Old Thompson, and Four Roses nips... I don't think I can get those anymore Freddy ... Thanks Flap
Red on tha head like a.... oh, woops!!!.... family site

[bassmaster]

Originally Posted by Flaptail

When Tony C. opened Bass Run that was a great shop. let's face it a tackle shop in New England is a tough proposition unless, as CS said, you got money to burn. The earthy, crunchy, green thing leaves me feeling unclean. Ick!!!! Bring back Red MacFarlane to this earth and open it again down at the origianl site near the Harry's. Live bait, tackle and all hours of the night. Reminds me of the places that used to be by the Canal. Fisherman's Friend aside of Quintal's. Boy the plug collectors would have had to go on Valium just to walk in I can remember with my Dad walking in there and on the shelves were plugs in boxes by the hundreds. Atom's, Masterlure, Floyd Romans, CCBco, Bass Bomb, Gibbs. I miss that place and Old Biff's at the Bridge. He would open the doors on the cabinets and they were stacked with plugs in boxes. He would live there in season in a back room. Also Maco's and Calderras at the Buttermilk bay bridges. I am glad I was able to experience them, and the memories that went with them.

You forgot when U walk in the door and to your foward right the rack with dear hair on it.
I ask'd what it was for in the 60's when i was a widget and they goofed on me.
the lures in boxes there, and i got 1 from my dad that came from there still..........

[BigFish]

I had my waders on in M & D's the other day.....Mike knows how to run a B & T thats for sure!