Business for Sale Overview:
Established in 2007 this Golf Store Franchise is located in an upscale Tampa Bay area surrounded by 23 Golf Courses within a 10 mile radius. In the first 12 months of operations with the key manager in place the store recorded over $800,000 in sales. The store is part of the #1 International Golf Franchise network; as ranked by Entrepreneur Magazine. The Franchisor provides a solid foundation on which to build the store infrastructure and create a successful thriving enterprise. The Store recently lost a close associate and store manager. In 2008 the store achieved revenues of $659,888 with on-site management. Absentee owned the business is priced to sell, and owner is open to all offers. Total asset value is estimated at $177,500. Business is priced well below its asset value. Per a marketing study over 40,000 golfers reside within a 10 mile radius of the store. Only three smaller, non-chain golf stores compete in the same 10 mile trading area. The store carries major brands i.e. Titlest, Taylor Made, Calloway, and others. Through a cooperative fund, franchise owners reap the benefits of quality products at lower costs increasing the availability of merchandise for customers at competitive prices while maintaining profit margins. The store is known for its friendly knowledgeable service. This is a golden opportunity for any qualified buyer that is willing to roll up their sleeves and dedicate the time needed to make this a successful investment opportunity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business has been in the same Tampa Bay area location since June of 2007. The facility has 4,453 sq. ft. of operating space.
Market Competition and Expansion:
Originally the business utilized billboard advertising when opening the business, heightening awareness within the community. The business advertises in Golfer Guide and in Golf Map. The business lacks actively marketing and advertising to local area golf courses.
A. An innovative buyer who developed an aggressive marketing plan utilizing direct mail, coupons, and flyers could generate greater revenues.
B. Networking, advertising, and sponsoring tournaments at local golf courses throughout the area could attract a larger loyal customer base tapping resources that would allow the business to realize its considerable potential.
Reason for Selling:
Other Business Interest
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.