They sure do! They are in an industrial area off of Tank Farm Road behind the airport but have some tackle on display and have great knowledgeable staff ready to help.

181 Suburban Rd
SLO, CA 93401

Here's link to Google maps:

http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=181+suburban+rd,+San+Luis+Obispo,+93401&sll=34.880304,-120.417632&sspn=175.051055,360&ie=UTF8&z=16&iwloc=r2