--- title: TW's Bait & Tackle | MidStreet Success Story description: TW's Bait & Tackle, the legendary Outer Banks fishing outfitter, was recently sold by MidStreet Mergers and Acquisitions. image: https://www.midstreet.com/hubfs/twsstorenh.jpg --- [![logo-color](https://www.midstreet.com/hubfs/_MidSteet2018/Logos/logo-color.svg "logo-color")](https://www.midstreet.com) [![Contact Us](https://no-cache.hubspot.com/cta/default/2870578/5db4bc27-a371-4686-81b0-412fde52677a.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/5db4bc27-a371-4686-81b0-412fde52677a) [** ](https://www.facebook.com/MidStreetMA/) [** ](https://www.linkedin.com/company/12952674/) [** ](https://www.youtube.com/channel/UCCsuykmz74TU6M5uamLcaTA) ### Success Story # TW's Bait & Tackle Nags Head, NC [Watch the Success Story](https://www.midstreet.com/success-story/tws-bait-tackle-nags-head#) ## Legendary TW’s Bait & Tackle Sold to New Owner In the spring of 1981, Terry Stewart started a small bait and tackle shop that would grow to become one of the Outer Bank’s best-known businesses. ### About the Company Now in its fortieth year, TW’s Bait & Tackle has long been an icon of the Outer Banks of North Carolina. Terry Stewart started the business from a small store in Kill Devil Hills in 1981, before most of the island was fully developed. The store quickly outgrew this location and moved to Kitty Hawk- this store is still open for business today. TW’s opened locations in Nags Head, Duck, and Corolla over the years, but one store quickly became the dominant location on the beach. ![Outer-Banks-1980s](https://www.midstreet.com/hs-fs/hubfs/image-png.png?width=600&name=image-png.png) Nags Head Pier - early-mid 1980s In 2006, TW’s constructed a custom 7,500sqft retail location for the quickly growing Nags Head store. This new building proved to be a winning bet. By 2018, demand for TW’s outdoor products made more space necessary. A focus on fishing, customer service, and high-quality products for 40 years created an unmatched reputation and brand. If you fish and have visited the Outer Banks, surely, you’ve heard of TW’s Bait & Tackle. ![twsstorenh](https://www.midstreet.com/hs-fs/hubfs/twsstorenh.jpg?width=600&name=twsstorenh.jpg) The decision to sell the Nags Head store developed as the business grew and operational complexity increased. Managing nearly 10,000 SKUs and a warehouse of inventory became a task of its own. This wasn’t the first sale the Stewart family had gone through, though. In October of 2015, Terry and Robin Stewart tasked MidStreet with selling TW’s Corolla location, so their family could focus on their Kitty Hawk and Nags Head locations. The tough decision to sell the large Nags Head store was revisited in early 2019. After evaluating their options, the Stewart family decided to sell the Nags Head store but keep the smaller one in Kitty Hawk. By selling the larger store and continuing to own TW’s Kitty Hawk just a few miles down the beach, the Stewart’s knew they needed a partner rather than just a buyer.  ### How MidStreet Helped The MidStreet team created a comprehensive marketing package to confidentially showcase the opportunity to potential partners. The marketing video (originally shown only to qualified buyers under NDA) below is one tool MidStreet uses to help buyers and lenders go beyond the “bait & tackle” name and see what a fantastic company the Stewart family built.   After going live with the listing, MidStreet received over a hundred inquiries requesting more information. The team carefully controlled this process by interviewing each candidate to understand how serious they were before revealing any identifying information. The qualified candidates were given the opportunity to speak with Terry at length because buyer “fit” was highly important to him. Once top candidates were selected, multiple offers came in. The Stewarts were able to choose a candidate who submitted a full-price offer and whom they felt would be a great long-term partner. The buyer, Chris Greening, hit it off quickly with the Stewart family. His drive and personality meshed well, and he was excited about the Stewart family maintaining ownership in the Kitty Hawk location. Chris is looking forward to this next chapter in taking the company to the next level and will continue to serve customers with the same quality of service as TW's has been known for for many years.  ![Logo](https://www.midstreet.com/hs-fs/hubfs/Logo.png?width=150&height=144&name=Logo.png) *“As soon as I got to meet Jeff and his team, I felt comfortable right off the start. It was a complicated journey, looking back on it now, but I was definitely in the right hands.”* - **Terry Stewart** ![terry-headshot-](https://www.midstreet.com/hs-fs/hubfs/terry-headshot-.jpg?width=250&height=287&name=terry-headshot-.jpg) **Terry Stewart, TW's Bait & Tackle** *"The team was great to work with and I feel they had my best interest at heart. They did a great job for both parties."* [![Contact Us Today](https://no-cache.hubspot.com/cta/default/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/a81ac09e-10aa-43ef-8cb7-8771b0eff024) ## More Success Stories ### Mill Tek Toll Grinders John Brooks  ### Beach Painting Contractors Offering painting, repair, restoration, and chemical exterior washing services to the Kill Devil Hills community.  ### Just For The Beach Rentals Just For the Beach offered an assortment of beach equipment and other sporting goods. ### ADLAM Property Management For more than 35 years, ADLAM has offered a wide range of services to condominium and homeowner associations throughout the Outer Banks. ### TW's Bait and Tackle Bait and tackle stores are easy to find on the Outer Banks, but few have the reputation, selection, and credibility of TW’s Bait & Tackle. ### Kill Devil's Frozen Custard Known for its delicious Frozen Custard and beach fare, Kill Devil’s is a favorite of tourists and locals alike. ### Have questions? ## Schedule a free 10-minute consultation with an advisor. [![Start Your Valuation](https://no-cache.hubspot.com/cta/default/2870578/a19548ba-421f-4838-bc81-505085f72017.png)](https://cta-redirect.hubspot.com/cta/redirect/2870578/a19548ba-421f-4838-bc81-505085f72017) [![logo-white](https://www.midstreet.com/hubfs/_MidSteet2018/Logos/logo-white.svg "logo-white")](https://www.midstreet.com) Whether you’re ready to sell today or planning for the future, we’re here to help. #### LOCATIONS **Raleigh** 8801 Fast Park Dr. Suite 301 Raleigh, NC 27617 919-263-2550 **Wilmington** 1213 Culbreth Dr. Suite 228 Wilmington, NC 28405 910-815-0411 ### SUBSCRIBE TO THE BLOG FOR INSIGHTS © 2022 MidStreet Mergers & Acquisitions [** ](https://www.facebook.com/MidStreetMA/) [** ](https://www.linkedin.com/company/12952674/) [** ](https://www.youtube.com/channel/UCCsuykmz74TU6M5uamLcaTA) ```json { "@context" : "http://schema.org", "@type" : "Organization", "aggregateRating" : { "@type" : "AggregateRating", "ratingValue" : "5", "reviewCount" : "99" }, "naics" : "541990", "name" : "MidStreet Mergers and Acquisitions", "telephone" : "919-263-2550" } ``` ```json { "@context" : "http://schema.org", "@id" : "", "@type" : "LocalBusiness", "additionalType" : "https://en.wikipedia.org/wiki/Business_broker", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "Raleigh", "addressRegion" : "NC", "postalCode" : "27617", "streetAddress" : "8801 Fast Park Dr #301" }, "areaServed" : [ "Raleigh", "Durham", "Cary", "Apex", "Wilmington", "Greensboro", "Winston-salem", "Fayetteville", "Burlington", "Pinehurst", "Sanford", "Rocky Mount" ], "description" : "MidStreet Mergers and Acquisitions is a business broker headquartered in Raleigh, NC. We have a passion for helping business owners sell their life's work, and we pride ourselves on providing the best service in our industry. Our firm specializes in business sales and exit strategies for owners of privately held companies within a revenue range of $1 to $25 million. During our 17 years in business, we've sold over 400 businesses throughout the southeast. Please reach out if you have any questions about the process of selling your business or to learn how we're different. 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