Sporting Goods/Apparel Shop - Loyal Customer Base!

Not Disclosed, NY

New York

Asking Price: Annual Revenue:
$3,250,000 $8,200,000

Retail: Sporting Goods, Recreation

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RE: Sporting Goods/Apparel Shop - Loyal Customer Base! Broker: Tonya Graham

Quick Facts

Asking Price: $3,250,000
Annual Revenue: $8,200,000
Net Profit: $950,000
Cash Flow: $950,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1955
Employees: 30
BBN Listing #: 601249983
Broker Reference #: Not Disclosed

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Business Overview:

The Company is a retail sporting goods and apparel shop specializing in firearms, hunting, fishing, and camping equipment, outdoor and work apparel, and footwear. The Company primarily serves the lower New York State region and sees significant repeat business from clients seeking exceptional customer service and an extensive selection of curated sporting goods.

The Company offers uniquely individualized customer experiences in contrast to large retailers such as Cabela’s, Bass Pro Shop and Dick’s Sporting Goods. In addition to its direct relationships with quality vendors, the Company has a 30-year affiliation with a national buying group that has enabled it to have access to quality vendors, specialized inventory, and exclusive terms and programs that drive sales and increase margins. It also has a rich history in its community, with a loyal client base and knowledgeable workforce led by an experienced management team that has held off competition from retailers small and large over the past several decades.

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Property Features and Assets:

32,000 square feet facility.

Market Competition and Expansion:

The Company capitalizes on its stellar reputation and loyal customer base that have provided consistent revenue streams through steadfast patronage over many years. It continues to provide an extensive, high quality product selection, competitive pricing, and an extremely high level of customer service. Many larger sporting goods retailers have attempted to gain a foothold in the Company’s marketplace, but all have failed after being unable to capture market share. 2020 was a banner year for the Company, despite a 2-month shutdown due to COVID-19, which was accompanied by virtually zero marketing efforts. Management has identified multiple key avenues for expansion. The most prominent initiative being undertaken is e-commerce growth. An overhaul of the Company’s website would unlock a previously untapped revenue stream and bring in customers from different geographic regions. Other avenues of growth include an expansion of in-house services, such as gunsmithing and gun repairs, as well geographic expansion and building up a sales/marketing team.

Reason for Selling:

Looking to shift focus to other unrelated business

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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