Fishing is an ancient pastime turned profitable business sector.
Modern businesses like fishing lakes (otherwise known as fisheries) offer treats for experienced and novice anglers, and a lucrative business opportunity for the small business buyer.
Fisheries are based in tranquil locations, often including attached accommodation and retail buildings, making this a lifestyle business that profits from large acreage and good word-of-mouth.
Fishing lake owners are now diversifying into the hospitality sector in line with increased fishing numbers.
Fishing is a tourist industry that is dependent on the weather, with
However, the rise of ‘Pay to fish’ enterprises providing anglers with controlled access to stocked lakes, generates fishing opportunities outside of permitted seasons and quotas. And with a new focus on inland angling as a moderate exercise with psychological benefits, this is a sector with legs.
Well-established commercial fisheries now encompass a variety of lake types to appeal to changing appetites. These include fly fishing lakes, coarse and specimen lakes.
The fishing lake sector is one that uniquely spans leisure pursuits and competitive sports.
Specimen lakes appeal to competitive anglers and are used by lake owners to generate community buzz about fish quality.
Whereas, for novice customers, variety and a pleasant environment are a must, which means that fisheries now
Many fisheries make use of an angler’s rest area, teaching classrooms and general facilities buildings.
Toilets are required and on-site shops are common, which provide fishing tackle, as well as drinks and snacks. But for businesses ready to expand, planning permission may still be required for lake enlargement or additional buildings.
Fishing lakes make their money primarily through day tickets (offering full and half-day options) with further supplemental income coming from tackle shop sales.
Keeping up-to-date with fishing trends is important to trade success, as anglers requiring particular breeds will travel far to a fishery with a good reputation.
Conveniently, British fishing lakes benefit from a large variety of fish species including Trout, Carp, Roach
UK commercial fisheries usually charge access fees, in contrast to North American
Competition angling as a business continues to thrive, with coarse lake competitions for angling groups remaining popular.
Some experts or corporate bodies will even pay for exclusive lake usage. Fly fishing also appeals, with fisheries offering ‘catch and release’ or allowing anglers to take one or two fish home.
A desire to attract new custom has led to a rise in fisheries with attached camping fields. And when additional acreage is not being camped on it can be used to create stock ponds to grow the business.
Some scenic fisheries now offer bed and breakfast accommodation opening up a further source of income.
The changing face of fisheries
The Environment Agency has reported an upsurge in freshwater fishing in the last ten years, with 20% of the population (more than 6 million people) having tried it since 2001.
Angling is now considered an acceptable pastime among the young.
Government bodies have demonstrated tighter restrictions on access to public waters, a contrast to private fishing lake owners who have full control over who they admit, aiding sector growth.
The fishing lake sector also now has membership bodies to help lake owners make the most from their businesses.
The Professional Coarse Fisheries Association (or PCFA) helps owners offer sport without ignoring wildlife conservation.
The PCFA helps members obtain substantial discounts on insurance premiums, and is currently working on collating fish requirements with surplus stocks. These types of body help owners protect and improve their investment and build trade partnerships.
A small business sector dealing with wildlife inevitably encounters a unique set of issues and legislation.
There is a small danger of fishing lakes becoming infected by parasites or diseases like Bird Flu.
Fish are also at risk from predators, including cormorants, whose numbers have risen in the last thirty years, and otters.
However, the value of fishing to the UK economy has led to the issuing of Environment Agency
Fishing lake owners continue to work together to learn best practice fishery management.