Firework sales big business for Tennessee

Firework sales big business for Tennessee

Posted:
The fireworks business sells about $1 billion in goods across the U.S. annually. The fireworks business sells about $1 billion in goods across the U.S. annually.
"(I spend) $250 to $300," said customer Robert Lear. "I mean every 4th of July probably. We have to, especially for the kids." "(I spend) $250 to $300," said customer Robert Lear. "I mean every 4th of July probably. We have to, especially for the kids."

By JOSH AULT
6 News Reporter

SEYMOUR (WATE) - The 4th of July is only a few days away and that means many families will be out this weekend buying fireworks to gear up for the celebration.

Fireworks are big business here in Tennessee, and we wanted to find out exactly how much money this industry brings into the state.

The Tennessee Department of Commerce and Insurance, which issues fireworks stands their permits, said they have issued more than 4,000 permits alone this year.

That is up from 2012.

"We make about 85% of our profits on the second, third, fourth really," said firework tent manager Logan Haggard.

Haggard, who manages Fireworks Supermarket on Chapman Highway in Seymour, says he never knows how much someone will spend when they walk inside his tent.

"A guy came in last year. He bought close to $1,000 of fireworks," said Haggard.

Tennessee Fireworks Association officials say on average families spend $60 on fireworks.
     
"(I spend) $250 to $300," said customer Robert Lear. "I mean every 4th of July probably. We have to, especially for the kids."

Fireworks are big business. Annually, fireworks sales in the United States bring in close to $1 billion.

In Tennessee, $37 million was brought in 2010.

The fireworks tent in Seymour is owned by Mid America Distributors. They are the largest fireworks business in Tennessee.

They have 78 tents set up across Tennessee and Kentucky for the 4th of July.

"We've expanded, other companies have expanded over the years," said Mid America Distributors vice president Jake Loyd. "We've had more competitors, obviously, then we did 10 years ago."

Not everything has been great for the fireworks business. Last year's drought cut revenue for Loyd's company by 60%.

They are hoping for a better year in 2013.

"This year we are anticipating a full rebound," said Loyd. "The weather's been great. We got plenty of rain and we don't have any reason to expect that things won't return to normal far as sales."

It is important to keep in mind that it may be illegal to shoot fireworks off in your area.

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