Outdoor sports shop in a year around vacation town

Not Disclosed, MI
Grand Traverse County


Asking Price: Annual Revenue:
$650,000 $2,300,000

Retail: Sporting Goods, Recreation


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RE: Outdoor sports shop in a year around vacation town Broker: William Malek

Quick Facts

Asking Price: $650,000
Annual Revenue: $2,300,000
Net Profit: $75,000
Cash Flow: $172,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 15
BBN Listing #: 965356932
Broker Reference #: 210114

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Business Overview:

The Business was formed in 1974 as a bicycle shop and grew over the years to a year-round outdoor sports shop including bicycles, hiking, ski equipment, and apparel associated with these outdoor sports. The Company offers all the major brands of equipment and clothing.
The Company has 8 to 15 full time trained employees depending on the season. Including crucial management roles as a General Manager, Service Manager, and Sales Manager.

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Property Features and Assets:

This home town business is a turn-key operation with trained staff and second-line management in place. The sale will be an all-asset sale that includes all equipment and storage and retail display units.

Market Competition and Expansion:

As a resort and vacation town, there is local competition. However, the outdoor severe sports enthusiast that have been interviewed named this Business as the most experienced and knowledgeable in the area. The current second-generation owner is ready for retirement. This Business is prime for new blood to energize the Business with advertising and fresh ideas. The most growth could be through expansion in the outlying areas with satellite stores.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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