Business for Sale Overview:
One of the oldest sporting goods retailers in North Carolina is now available for purchase! Reseller of fine shotguns, premium fishing equipment and high end clothing. Sale due to legitimate retirement situation.
Sells fine hunting, shooting, and fishing equipment including apparel as well as providing gun smithing services.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Facilities / Location Description:
Located in this location since 1958. Building is owned by a related entity and is available for purchase at $510,000. Seller will consider renting at $3,000 per month triple net with first and last months rent deposit or rent to own with $4,000 a month payment for 3 years with $1,500 per month accruing towards purchase. Closing price to be determined using base price of $510,000 plus 3% per year. Anticipated monthly mortgage payment based upon 20 year term, 8% rate would equal $4,128 per month.
Monthly Rent: $3,000.
Market Competition and Expansion:
Competition:
Due to State and Federal Legislation competition is limited. However, consumers have multiple options in the market and the right buyer will adopt a competitive pricing strategy and update the product mix.
Potential for Growth :
Name and location are widely known going back three generations. Buyer should have marketing and product selection experience as updating everything from the merchandising to marketing will lead to dramatic gross and net profit gains. E commerce a real possibility! Current store hours are Tuesday-Friday 9am-6pm, Saturday 9am-1pm, Closed Sunday and Monday.
Reason for Selling:
True Retirement Opportunity
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.