Hawaii – Sporting Goods Retailer - Price Reduction

Honolulu, HI
Honolulu County

Asking Price: Annual Revenue:
$35,000 $324,894

Retail: Sporting Goods, Recreation

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RE: Hawaii – Sporting Goods Retailer - Price Reduction Broker: Tom Caltrider

Quick Facts

Asking Price: $35,000
Annual Revenue: $324,894
Net Profit: Not Disclosed
Cash Flow: $50,587
Total Debt: Not Disclosed
FF&E: $4,500
Real Estate: Not Disclosed
Year Established: 2014
Employees: 5
BBN Listing #: 285652757
Broker Reference #: HI - Gear T

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Business Overview:

An exciting and well stocked outdoor products and tactical gear retail store in Hawaii with a great corner location, plenty of free customer parking and close to many customers is offered for sale due to the relocation of its military service owner. It is currently run on an “absentee” basis with a hired manager.

They offer the finest tactical and outdoor gear in the world. Their primary customers are outdoor enthusiasts, military, police, first responders, campers, hikers, fisherman, and shooters. They have an attractive store, productive retail business model and a great retail team which has been running the business during the owner’s absence.

They offer a premium selection of boots, knives, gloves, uniforms, outdoor and camping gear, flashlights, tape, rope, backpacks, hammocks, tents, sleeping pads, machetes, hunting gear, military surplus, and many other items from a wide array of high-quality suppliers. They also carry a wide selection of pistol and rifle ammunition for various calibers. They carefully select everything in the store to match up with what active duty and retired soldiers, police and the outdoor enthusiast needs.

The owner of the store is an active duty military serviceman who is now stationed elsewhere in the world and must manage the business on a long-distance absentee basis. Due to his absence the store is currently only open 59 hours per week and is not operating at the same sales performance level as when he was the active Oahu based owner-operator. A new owner-operator should be able to increase store hours by 39% and provide better management which should result in significant increases in sales and profits.

The business is being offered fully turnkey at the attractive Asking Price of only $35,000 plus the value of Inventory of goods for sale at closing, estimated to be about $70,000.

Full business and financial information, including other growth opportunities, are detailed in a detailed 30+ page Confidential Business Profile which we will be happy to send to you. This is a great way to live and work in Hawaii and to enjoy your passion for the outdoors.

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Property Features and Assets:

Highly visible corner store in a successful shopping mall on a busy street close to many customers Status: Lease, expires 10/31/19, renewable Monthly Rent: $3,960 per month plus GET + CAM; ($47,520 per year) Square Feet: 1,595

Market Competition and Expansion:

Limited direct competition EXPANSION OPPORTUNITIES There are several growth opportunities, including: • Active management by an on-site owner-operator. • Bidding on government contracts. • Expand product line. • Targeting customers on the other Hawaii island via their website. • Open for more hours per week.

Reason for Selling:

Army Officer Owner redeployed

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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