High Net Space Coast Gun Shop Hits all Targets

Melbourne, FL
Brevard County

Asking Price: Annual Revenue:
$395,000 $700,000

Retail: Non-classifiable

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RE: High Net Space Coast Gun Shop Hits all Targets Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
Available if the price and deal structure is right.

Quick Facts

Asking Price: $395,000
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: $181,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 3
BBN Listing #: 517227574
Broker Reference #: 992 Gun Shop

Email or Print Listing

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Business Overview:

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.

One of the Sellers so enjoyed the sport of shooting, he opened this gun shop in 2011 believing he could make a good living and create opportunities to teach gun safety.

The store now represents more than 25 firearms manufacturers and offers concealed weapons permit classes and full firearm training. They are an authorized dealer for Henry, Smith & Wesson, Glock, and Sig Sauer. Three Certified Firearms Instructors work with the shop to provide flexible class schedules. Inventory generally includes less than 200 firearms along with ammunition and accessories (like special conceal-carry purses for the growing number of women gun owners.)

Over the past two years, sales have nearly doubled. Part of the increase was due to high demand, both in the store and at four gun shows they regularly attend on weekends. However, a noticeable uptick in repeat business can also be attributed in part to the hiring of a key employee.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Property Features and Assets:

Facilities: Located in a small strip mall, the 1,100 square feet space rents for $1,175 per month. The rent is expected to increase in February. There is good signage and good foot traffic at this location. The only reason to move the established shop would be if the space was large enough for a gun range.

Market Competition and Expansion:

Competition: There are few other privately run shops in the area. The primary competition comes from big-box stores and online retailers. Increasing web presence will help with that. Growth & Expansion: To increase sales, revenue, and its positive reputation, the Sellers recommend offering more training and concealed weapons classes, bringing on additional LEO and security guard type items and making efforts to connect more with the local outdoor range for training opportunities.

Reason for Selling:

The couple is looking to semi-retire.

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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