Angling Times (UK) - - THE INSIDER -

EVER won­dered how much a top tackle shop takes in a day? Well, light has been thrown on the mat­ter fol­low­ing the pur­chase of one of the coun­try’s big­gest tackle shops - Fosters of Birm­ing­ham by An­gling Di­rect, tak­ing the chain’s to­tal num­ber of out­lets to 17.

In a press re­lease from the new owner it was re­vealed that Fosters gen­er­ated rev­enues of ap­prox­i­mately £5.9m in the year to March 31, 2017, much of which came from on­line sales. Mak­ing a ‘back of the fag packet’ cal­cu­la­tion, and work­ing on the ba­sis that the 17,000-sq-ft shop is open six days a week, that equates to al­most £19,000 a day!

Fosters was founded in 1978 by Richard Foster, who will con­tinue to work in the shop part-time.

An­gling Di­rect’s Dar­ren Bai­ley said: “Fosters is a long-es­tab­lished and very suc­cess­ful busi­ness with a loyal cus­tomer base and knowl­edge­able team. The ac­qui­si­tion will be earn­ings en­hanc­ing from day one.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.