Listing ID: 73505
A very profitable and well-established Ballistic Level 8 (can handle high power rifles and high caliber handguns) indoor shooting range that offers 50 feet and 75 feet shooting lanes. It caters to a wide spectrum of shooters: from law enforcement professionals and competitive shooters to first time beginner shooters. It offers one of the, if not the, largest selection, in Ohio, of guns, rifles, and accessories for rent so one can just try shooting for the first time or one can test use a particular gun, rifle, or scope, etc. they are interested in with the added plus of input and training available from an experienced and trained staff.
- Asking Price: $1,900,000
- Cash Flow: $460,000
- Gross Revenue: $1,000,000
- EBITDA: $460,000
- FF&E: $400,000
- Inventory: $250,000
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,800
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Well maintained and ventilated building containing spacious and appealing entry/waiting area + rental/sales area + office + restrooms + 12 Lane Range + Backstop & storage area. A concrete and steel vault within a building as to the shooting range. Ample secure parking. Video camera system throughout.
Well trained and experienced staff in place. Ownership will train and transition.
The premier shooting range in NW Ohio that enables the shooting of high powered rifles and high caliber hand guns in a great environment.
A Buyer can add add the sale of guns and rifles to the business and easily greatly increase revenues and profit.
The business was started in 2012, making the business 10 years old.
The sale doesn't include inventory valued at $250,000*, which ins't included in the listing price.
The company has 9 employees and resides in a building with disclosed square footage of 7,800 sq ft.
The property is leased by the business for $3,660 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is extremely important that you not depend absolutely on a seller's word, but rather, make use of the vendor's response in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Many times, companies have repeat clients, which form the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, roadway building, and also staff turn over can impact repeat consumers as well as adversely impact future profits. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood mean household earnings effect future income potential?