Business Overview

Asking price includes inventory of $120K. Premier firearms and gunsmith store with a reputation for exemplary customer service and expertise.

Nearly three year-old store in central Palm Beach County offers a comprehensive and well-curated selection of handguns, rifles, ammunition – as well as a full complement of machine tools and a workshop for gunsmithing and customization. The store also stocks an array of accessories and attire. The business caters to first-time gun-owners as well as to enthusiasts and professionals seeking product customization and higher-end gear.

This well-appointed shop has a loyal and growing customer base – it’s located on a major commerce thoroughfare in a large retail plaza close to I-95. Named one of the top Glock dealers in Palm Beach County in 2020 based on sales volume, the store also has spacious back-office and workshop space for gunsmithing, customization/detailing, as well as a hardened, walk-in gun closet with secured vault door.

Owner is currently part-time; skilled employees operate shop. Owner selling to focus on other business and start transition to retirement.

2021 financials represent first-half (Jan-Jun 2021).

Financial

  • Asking Price: $175,000
  • Cash Flow: N/A
  • Gross Revenue: $114,001
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $120,000
  • Inventory Included: Yes
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller provides training for 2 weeks with no cost.

Purpose For Selling:

Other business interests

Additional Info

The business was started in 2018, making the business 4 years old.
The deal shall include inventory valued at $120,000, which is included in the suggested price.

The company has 2 employees and is located in a building with estimated square footage of 2,200 sq ft.
The building is leased by the business for $2,200 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other factors. This is why it is very crucial that you not depend entirely on a vendor's word, but rather, use the seller's solution together with your general due diligence. This will paint an extra practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new consumers? Often times, companies have repeat clients, which develop the core of their daily revenues. Particular aspects such as new competition growing up around the area, roadway construction, and also staff turnover can influence repeat consumers and negatively influence future incomes. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the local typical house income influence future income potential?