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.
This business was started in September 2017 in the Texas Gulf Coast region as a home-based operation. Over time, the company expanded to the extent that the owner decided to lease a space to better accommodate the growing demand for their products. In 2021, they leased a 1,776 square-foot facility in San Antonio, Texas, to expand their manufacturing operations and warehouse overseas inventory, aiming to provide a quicker turnaround for client orders. They hired two additional employees to assist with the growing operations. They streamlined the operation and were able to maintain the business with one additional employee. The team is actively working to expand their business by partnering with regional distributors throughout the US. Despite the challenges posed by the COVID-19 supply chain issues, 2021 was their best year, with annual revenue of $220,000. While the revenues for 2022 and 2023 were impacted by these challenges, in 2023, they are overcoming these hurdles and are on their way back to reaching the revenue numbers achieved in 2021.
House Brand recognition in certain regions of the US
Proven products with proven track records and multiple class records
Strong international supply chain partners with established business relationships
In-House Low-Cost Manufacturing with OEM capabilities
Established Accounting and Inventory software used to manage the business
Unwavering commitment to customer satisfaction, reflected in a loyal and expanding customer base
Turnkey Operation
Relocatable Operation
Geographic Expansion: The majority of this company’s business is on the Gulf Coast of Texas. By signing agreements with regional distributors in other areas, they can very quickly gain shelf space in other markets, which will increase sales volume and revenue.
Added Supply Capacity: This company’s supply chain was hit hard during COVID which impacted sales and revenue in 2022 and part of 2023. As the supply chain overseas recovers from COVID, supply will return to 2021 levels. By working with customer forecast the company intends to increase inventory stateside which will result in higher sales and revenue, quicker turnaround time to customer base, and reduce the existing backlog.
Digital Marketing and Online Presence: Enhancing the company's digital marketing strategies and online presence can increase visibility, attract new customers, and generate leads. Utilizing search engine optimization (SEO), social media marketing, and a user-friendly website can help reach a broader audience and establish the company as a go-to fishing gear provider.
Expanding into other Product Lines: Customers have requested expansion into other product lines such as jig heads and leaders. Bringing on additional resources to assist with these products would enhance revenue and profitability.
By capitalizing on these growth opportunities, this manufacturing and distribution company can expand its market reach, diversify its service offerings, and solidify its position as a leader in the industry.
