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- RE: Combined Specialty Retailer & Casual Restauraurant
- Contact: Cortney Sells
Owner Financing is Available!
Purchase Price: $5,250,000
15% Buyer Down Payment$787,500
15% Seller Financing or Equity$787,500
70% Bank Loan$3,675,000
A 15% down payment of $787,500 returns $415,710 in the first year after debt payments.
Quick Facts
| Asking Price: | $5,250,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | $10,041,010 | |
| Cash Flow: | $1,697,460 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,700,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 50 | |
| BBN Listing #: | 838434398 | |
| Broker Reference #: | COM001 |
Business Overview:
Something you don’t see every day – one owner selling two businesses! For the price of $5.25M, you would be getting both a Specialty Retailer – New & Used Firearms AND a Casual Fare Restaurant with 50 Employees! Both businesses are located in the same strip center in Mechanicsburg, Pennsylvania, bringing in regular foot traffic and destination shoppers alike.At the firearms store, there are 5 Full Time employees and 1 Part Time. The owner’s son is the managing member, and he is willing to stay on full time for the next owner. That salary is accounted for in our cash flow. The restaurant has 50 employees on staff, including a full management team for front of house and back of house. The owner is willing to train and transition for 3-6 months at both businesses, as needed for the buyer.
The COVID-19 pandemic forced the restaurant to close from mid-March to mid-April 2020, but they quickly bounced back with the introduction of curbside pickup (that is still presently utilized) and were back to full capacity by the middle of summer. The current owner provides general oversight for the day-to-day operations, filling roles and positions as needed during peak hours. With minimal online marketing, a significant growth opportunity exists for a new owner, with a current owner training period dependent on the experience and needs of the buyer.
Customers of all types frequent the store – avid gun collectors, hunters, recreational shooters, people looking for a home protection firearm, local law enforcement agencies, first responders, and military personnel can find something to fit their needs. The revenue is generally split evenly between the sale of firearms vs. accessories. They also do firearm trade-ins, basic gunsmithing, scope installation, night sight installation, and total tear-down, cleaning, reassembly, and function checks. They sell approximately 3,000 firearms per year, with 1,000 of those sold to repeat customers.
This combined listing is a unique opportunity to get into two very different industries at the same time!
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Property Features and Assets:
Lease: Restaurant – 5,000 square feet for $7,000/month; Firearms store – 3,000 square feet for $2,600/month.Reason for Selling:
Retirement Planning.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Pennsylvania businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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