Listing ID: 81422
Extremely Profitable Gun Shop and Gun Range located on a major highway in North Las Vegas yet close to the Las Vegas Strip. An active Owner can easily earn over $1.5M in discretionary income. SBA Financing available with as low as 10% down. Property is Available.
• Many Years of Operating History in the Las Vegas Market
• Easy to Learn and Operate
• High Margins and History of Consistent Profitability
• Turn-Key Operation and Fully Staffed
• Excellent Mix of Clients with a Majority being NEW
• Huge Upside Potential due to Demand in the Las Vegas Market
• 2021 Revenue and Profits will Exceed 2020
• Seller willing to Train and Ensure Smooth Transition
• Outstanding Reputation
• Stable and Growing Industry
• Las Vegas is continuing to Grow in 2021 with the opening of Circa Resort, Virgin Hotels, Allegiant Stadium, Resorts World, the Convention Center Expansion and the continued construction on the MSG Sphere Entertainment Venue.
• The Seller is Flexible and would Consider a Role with the new Owners
• Seller has Other Businesses and is also looking to Relocate out of Nevada at some point
• Huge Upside Potential to Grow the Range Business and begin to focus on Tourist Business
• Can Easily Expand beyond the current 5,000 Sq Ft to Potentially to 15,000 Sq Ft.
For more information including a detailed confidential opportunity summary with financial information and photos, please call Alan Horwitz with Sunbelt Business Brokers at 702-714-0229 or email for a non-disclosure agreement to quickly receive the package at email@example.com NV license # 54316, Business Broker Lic. # 13
- Asking Price: $4,900,000
- Cash Flow: $1,583,000
- Gross Revenue: $6,500,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $1,000,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,900
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
120 Hours over 6 weeks
Pursue other business interests
The company was founded in 2016, making the business 6 years old.
The transaction doesn't include inventory valued at $1,000,000*, which ins't included in the listing price.
The company has 11 employees and is located in a building with estimated square footage of 4,900 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or a range of other factors. This is why it is very essential that you not depend entirely on a seller's word, yet instead, utilize the vendor's response together with your total due diligence. This will paint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Many times, operating businesses have repeat customers, which form the core of their daily earnings. Particular elements such as brand-new competition growing up around the location, road building and construction, as well as personnel turnover can influence repeat consumers and also negatively influence future profits. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the regional median family earnings influence future income prospects?