Listing ID: 78983
This is a rare opportunity to purchase a fully permitted and profitable firearms range and gun shop. The climate controlled indoor shooting range is family friendly and staffed by a knowledgeable and safety trained staff. Sales in 2020, were $1,907,856, producing discretionary earnings of $300,000 plus, to the owner. This sales level continues in 2021. The business attracts gun enthusiasts, collectors, sports men and women, local and state police officers, federal and state enforcement officers and private citizens practicing their second amendment rights. Gun handling and safety classes are held on a regular schedule. The range attracts group functions for birthday, bachelor and bachelorette parties, as well as retirement and graduation parties. The business is a class D dealership in full compliance with all ATF regulations. The business, including favorable lease, training during the transition to a new owner, vendor and supplier lists, good will, non-compete agreement, $264,750 worth of furniture, fixtures, a $150,000 installed range is available for $600,000 plus, the value of the inventory and supplies. The value of inventory and supplies are $1,100,000. Some, collaterally backed, seller financing is available to a qualified buyer.
- Asking Price: $1,700,000
- Cash Flow: $324,973
- Gross Revenue: $1,907,856
- EBITDA: N/A
- FF&E: $264,750
- Inventory: $1,100,000
- Inventory Included: Yes
- Established: N/A
Support and training during the transition is available.
Retirement and to pursue other interests
The sale shall include inventory valued at $1,100,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the true factor and the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is extremely crucial that you not count absolutely on a seller's word, but instead, utilize the seller's solution together with your overall due diligence. This will repaint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Many times, operating businesses have repeat clients, which form the core of their daily earnings. Particular variables such as brand-new competition sprouting up around the location, road construction, and also personnel turnover can influence repeat consumers and negatively impact future profits. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the regional typical home income effect future income prospects?