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Someone told me 25 about 40 years ago that Bait and Tackle shops were like Gas Service stations.
For the gas stations who did service , the rule of thumb was you could be successful as long as the profit on gas was enough to pay the overhead . The profit and mechanics salaries came from the mark up aon parts and the labor on service.
For the B+T they said that the Bait sales had to pay the rent and the profit was made on the tackle sales.
i assume its changed now since there are B+T's that don't sell bait but its got to be hard if you don't sell bait. I think the internet sales of tackle makes up for the bait cause you can't sell much bait over the internet.
Anyway , always sad to see a store go down. The stores are opportunities for the consumers. Each lost store is a lost opportunity. When it gets down to just 1 opportunity , the prices sky rocket. Its the same in all businesses. Competition helps keep prices down and service up. When only Walmart is left...look out!
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