A fly fishing shop along Interstate 25 in Denver is closed after the state seized its property over unpaid taxes.
Signs posted Tuesday at Trouts Fly Fishing at 1025 Zuni St. state the business, which has also been sued twice over unpaid bills in recent months, owes $67,127 in taxes.
The posted notice says High Country Anglers Inc, the business’ apparent legal name, fell behind on taxes in August 2022. Above the tax documents, a large sign declares “SEIZED” in large red letters.
“This property or premise is in possession of the Department of Revenue of the State of Colorado by virtue of distraint duly issued for non-payment of sales taxes and wage withholding,” the notice states.
Tucker Ladd bought the 28-year-old business from its original owner in 2005. In 2020, he moved the shop to the Lincoln Park site, which backs up to the South Platte River, after outgrowing its previous location along 6th Avenue. A year later, Ladd purchased the 5,000-square-foot building for $1.8 million, records show.
Ladd didn’t respond to requests for comment Wednesday. The notices state the property will be sold to pay off the business’ debts.
Trouts has a second location in Frisco at 309 Main St. No one answered the business phone at that location on Wednesday, and an employee at a neighboring shop told BusinessDen the store hadn’t been open for about three weeks.
In addition to fishing gear, Trouts also offered guided fly fishing tours and fishing classes.
In June, Simms Fishing Products sued Trouts for not paying $192,000 for gear and apparel, according to court documents. The two companies reached an agreement in July that called for Trouts to gradually pay off the debt. But, last week, Simms claimed in court documents the shop had not made any payments.
Also, Flyfish Colorado LLC sued Trouts this month, claiming the business had not paid $17,060 owed for using its land for fly fishing tours in September 2022. Trouts has not yet responded to that suit.