Fire Arms Mfg. Multi-caleber Take down-Price adj

Not Disclosed, OR
Tillamook County

Asking Price: Annual Revenue:
$1,200,000 $1,700,000

Manufacturing: Metal Products

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RE: Fire Arms Mfg. Multi-caleber Take down-Price adj Broker: Ladd McGowan
Owner Financing is Available!
What ever the SBA requires.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,700,000
Net Profit: Not Disclosed
Cash Flow: $340,000
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 15
BBN Listing #: 493928024
Broker Reference #: 490

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Business Overview:

Since its opening in the early nineties, this company has been a leader in the manufacture and development of historical weaponry and accessories. From its first product, the Semi auto Browning 1919 it has grown to provide an array of products expanding into the shooting sports and national defense markets. In 2013 the company introduced the new Survival Rifle; this original designed firearm incorporated technology and features that had never been used in the carbine rifle market. Working forward from that platform, it is currently in development of some exciting new products that will cater to the next generation of sports shooter.
Since the introduction of the new lines, the company has changed its distribution system from individual sales to distributors and dealers. It continues to add larger active distributors and dealers each year. In late 2015, the company hired a salesman who recently retired after owning a gun distributorship operating in a single state. Additionally, Cabela’s (50 stores) was add to the distribution channel.
Uniqueness In January 2013, the company introduced two distinct rifles and a pistol. One rifle line has interchangeable parts for multi-caliber variations. By 2015, this had expanded into 5 models. During 2016, using prior rifle design expertise, a line of large multi-caliber hunting rifles will be marketed.

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Property Features and Assets:

The approximately 8,500 square foot (approximate size) manufacturing facility is approximately 30 years old and is of a wood frame construction with a metal roof. It is located on approximately 5 acres of land owned by the Seller. The building and property are not for sale at this time. The current rent is $7,250 per month, triple net. The seller is willing to take $4,000.00 as rent payments after the sale. The building is divided into a machining area with 3 Haas machines, an assembly floor with wooden work tables, an R&D space and old weapon assembly room, a bluing, parkerizing, sandblasting & test fire room, and offices upstairs. There are no DEQ or HAZMAT issues related to the facility or land.

Market Competition and Expansion:

The Company faces significant domestic and international competition and its competitors vary according to product line. Certain of these competitors are subsidiaries of large corporations with substantially greater financial resources. a. Wise Lite Arms; Wise Lite Arms is a leading manufacturer of military style firearms. Their research and development team has successfully designed many sought after BATFE FTB approved 922r compliant converted semiautomatic machine guns and submachine guns for collectors, marksmen, and re-enactors. They have mass production capabilities and are able to provide firearms to both distributors and firearms enthusiasts. This competitor only sells this one product line. b. Central Wisconsin Armory; CWA specializes in the 50BMG Browning family of M2/M3 based belt fed weapons. Its Dragon M-50 has proven itself as the premier configuration for the 50 BMG Heavy Machine gun. This competitor only sells this one product line. c. Mechtech Systems, Inc.; manufactures a 1911 CCU system which installs a Glock pistol converting it into a rifle configuration. A CCU system is an 'upper' for an auto loading pistol. d. Kel-Tec CNC Industries, Inc.; manufactures 7 handgun models and 8 rifle lines. Rifles retail for 1.5 times The Company’s price. e. Colt Manufacturing Company; Colt is a primary US military firearms manufacturer. Colt’s rifles are the only rifles available to sportsmen, hunters and other shooters that are manufactured in the Colt factory and based on the same military standards and specifications as the United States issue Colt M16 rifle and M4 carbine. Prices vary by model and retail at twice The Company’s price. f. DPMS Firearms (owned by The Freedom Group); is one of the largest US rifle manufacturers. It manufactures multiple lines of tactical, competition, hunting, varmint, and target rifles. g. JnC Manufacturing; Specializes in 50 calibers, they build the Browning Heavy.

Reason for Selling:

Needs someone to take it to the next Level.

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.

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