NOT DISCLOSED, Virginia
| Asking Price |
$1,900,000 |
Year Established |
1954 |
|
| Annual Revenue |
$2,786,466 |
Reason for Selling |
Owner is retiring after decades in the business. |
|
| Annual P/L |
$0 |
Attention |
Hal Feder |
|
| Annual Cash Flow |
$576,303 |
Listing Number |
1011610 |
|
| # of Employees |
17 |
Business Category |
Retail: Sporting Goods, Recreation |
|
Business Overview:
This Mid Atlantic-based retail sports equipment business specializes in a diverse range of hunting and outdoor sporting equipment, including firearms, ammunition, and archery products, with a strong reputation for exceptional customer service and product expertise. This established, multi-decades old company has built a loyal customer base by offering tailored equipment fitting and maintaining relationships with leading brands.
This opportunity includes a well-maintained inventory, a trained and experienced staff, and established vendor relationships. The business is primed for continued growth through expanded digital marketing efforts and leveraging its strong reputation in both retail and wholesale markets.
This business has been pre-qualified. Complete details are included in the Confidential Information Memorandum (CIM). Prospects are subject to financial and operational qualification, and loan will undergo a full underwriting process before approval.
Property Features and Assets:
<p>Strategically located on a highly traffic corridor, the retail storefront serves as the hub for the company’s hunting, firearms, and archery sales. With approximately 11,500 square feet of retail space, the store provides a welcoming, organized environment for customers to browse its extensive inventory. The location benefits from a daily traffic count of approximately 48,000 vehicles, ensuring strong visibility and accessibility for outdoor enthusiasts and first-time visitors alike.</p><p>The real estate was been appraised for $1,090,000 and is available for purchase or triple net lease at $6,500/month.</p><p>Assets = $1,000,000</p>
Market Competition and Expansion:
<p>The retail sporting goods market is highly competitive, characterized by a mix of national chains, big-box retailers, and niche specialty stores. Key competitive factors include pricing, product selection, customer service, and location convenience. This business has an excellent, long-standing reputation for being the place to purchase guns, archery, and fishing equipment. Unlike the big box retailers, this business offers personal service, custom fitting, and real-world experience that translates into a very customer-centric buying experience.<br></p><p>Growth opportunities include expanding e-commerce capabilities to reach a broader audience, enhancing marketing efforts, introducing new product lines to offset seasonality, and leveraging the archery training facility for events and community engagement. Additionally, forming strategic partnerships and strengthening online visibility can further boost revenue and market presence.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity