Listing ID: 82947
Business Overview
Owner is motivated to sell fast. All reasonable offers will seriously be considered!
Opportunities like this are few and far between. This is a one owner business that has been around for over 20 years in the same location. The business is located on the Northshore area of New Orleans, La. It sells rifles, pistols, specialty guns and ammo. They are the exclusive dealer for a number of brands and have very knowledgeable employees. This is a great opportunity for an owner operator or to put a manager in place and expand the hours. The business has been operating on a reduced hour schedule for a number of years because the owner was nearing retirement. Adding a weekend shift and extending the operating hours could increase sales substantially. The owner is looking for a quick sale. Contact us today for more information!
Financial
- Asking Price: $295,000
- Cash Flow: N/A
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Available
Family reasons
Additional Info
The business was founded in 2000, making the business 22 years old.
The transaction does include inventory valued at $100,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the true factor and the one they tell you may be 2 completely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is very vital that you not rely absolutely on a seller's word, yet rather, use the vendor's answer in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Many times, businesses have repeat clients, which form the core of their day-to-day profits. Certain aspects such as new competition growing up around the area, road construction, and personnel turn over can influence repeat consumers and also adversely affect future profits. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood mean home income effect future income potential?
