Firearm Supply Store With Absentee Owner
Harrisburg, PA Not Disclosed
Asking Price:
$1,900,000
Annual Revenue:
$3,532,799
Request More Information Contact the Seller
- RE: Firearm Supply Store With Absentee Owner
- Contact: Not Disclosed
Owner Financing is Available!
15% Buyer Down Payment $285,000
10% Seller Financing $190,000
75% Bank Loan $1,425,000
Quick Facts
| Asking Price: | $1,900,000 | |
| Annual Revenue: | $3,532,799 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $563,292 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 6 | |
| BBN Listing #: | 240034398 | |
| Broker Reference #: | RTL010-K |
Business Overview:
Selling over 3,000 firearms last year, the seller is guaranteeing $1,200,000 in wholesale goods. Their inventory includes a wide variety of new and used firearms for sports, protection, and recreational use, plus ammunition, scopes, sites, holsters, safes, and more. They operate a beautiful and large shop over 3,000 Square Feet with a lot of storage space for secured inventory. Another incredible asset of the business is the well-trained and experienced team who all have a long tenure within the company. The general manager of this company fully handles business operations, including online sales, which allows the business to be passively owned. The revenue, both online and in store, is generally split evenly between the sale of firearms and accessories. Their diverse outreach of customers includes local law enforcement agencies, first responders, military personnel, hunters, recreational shooters, people wanting to protect their home. With a decade of experience in the firearms industry, they are a full-service business offering services like firearm sales, gun trading, gunsmithing & cleaning to prepare firearms for offseason storage, scope installation, night sight installation, cleaning, reassembly, and function checks of firearms.Priced at $1,900,000, with a 4-year average cash flow of $563,292 and a low multiple of 3.1, plus the 80% collateralized loan with $1,250,000 in guaranteed assets, this business is primed for new ownership.
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Property Features and Assets:
Inventory: Seller will guarantee that inventory will stay at $1,200,000. FFE: $50,000Market Competition and Expansion:
Develop a marketing strategy. Currently this business relies on billboards around the area to advertise their services. Collaborate with local shooting ranges, offer classes, and expand into E-commerce.Reason for Selling:
Approaching retirement.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:
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