Pro 2nd Amendment: Gun & Firearm Business

Not Disclosed, MD


Asking Price: Annual Revenue:
$3,050,000 $4,125,752

Retail: Sporting Goods, Recreation


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RE: Pro 2nd Amendment: Gun & Firearm Business Broker: Seller of Business
Owner Financing is Available!
12.5% Buyer Down Payment $381,250 12.5% Seller Financing $381,250 75% Bank Loan $2,287,500

Quick Facts

Asking Price: $3,050,000
Annual Revenue: $4,125,752
Net Profit: Not Disclosed
Cash Flow: $1,029,895
Total Debt: Not Disclosed
FF&E: $1,200,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 6
BBN Listing #: 742834398
Broker Reference #: RTL010-F

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Business Overview:

The general manager of this Firearms merchant fully handles business operations, including online sales which allows the business to be passively owned. Currently this business has 700 firearms in stock, valued at $1.2M and the seller will guarantee that the merchandise will remain at $1.2M which collateralizes over 50% of the bank loan! Their surplus of inventory includes a wide variety of new and used firearms for sports, protection, and recreational use, plus ammunition, scopes, sites, holsters, safes, and more. With years of experience in the firearms industry, they are a full-service business offering services such as firearm sales, gun trading, gunsmithing & cleaning to prepare firearms for off-season storage, scope installation, night sight installation, total tear down, cleaning, reassembly, and function checks of firearms. Their diverse outreach of customers includes local law enforcement agencies, first responders, military personnel, hunters, recreational shooters, people wanting to protect their home. Another incredible asset of the business is the well-trained and experienced team whom all have a long tenure within the company.

The revenue, both online and in store, is generally split evenly between the sale of firearms and accessories. With an established customer base, they sell approximately 3,000 firearms per year, with 1,000 of those sold to repeat customers. They work out of a 3,000 square feet space and the current rent is $2,600/month, with 4 years left on the lease.

Priced at $3,050,000, this business is in a prime geographic location, has a solid online sales representation, has an outstanding reputation built on customer services, this business is primed for a new owner to step in and enjoy the spoils of an annual cash flow over $1M. A new owner could offer more online products by working with more distributors; the company currently works with three distributors but has memberships with 12. Opening the store on Sundays would also lead to a boost in sales.

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Property Features and Assets:

Inventory: Currently have 700 firearms in stock valued at $1.2M. Seller will guarantee that inventory will stay at $1.2M for sale. Intangible Assets: Excellent location, large number of repeat customers, well-known for customer service.

Market Competition and Expansion:

Work with more distributors (the business currently has memberships with 12 distributors, but only works with 3) – working with more would allow for more online sales.

Reason for Selling:

Retirement planning.

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.

Documents:

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