Premium Sporting Goods Retailer For Sale

Business description

One of the oldest sporting goods retailers in North Carolina is now available for purchase! Reseller of fine shotguns, handguns, premium fishing equipment and high end clothing. Also providing expert gunsmithing services. Sale due to legitimate retirement situation. Long known as one of the finest retailers of high end sporting goods in the North Carolina.

Property information

Real Estate:

Lease

Lease terms:

Facilities / Location Description
Located in this location since 1958. Building is owned by a related entity and is available for purchase at $510,000. Seller will consider renting at $3,000 per month triple net with first and last months rent deposit or rent to own with $4,000 a month payment for 3 years with $1,500 per month accruing towards purchase. Closing price to be determined using base price of $510,000 plus 3% per year. Anticipated monthly mortgage payment based upon 20 year term, 8% rate would equal ~ $4,128 per month.
Monthly Rent: $3,000

Location:

Same location since 1958 yields generations of loyal customers.

Other information

Expansion potential:

Potential for Growth :
Name and location are widely known going back three generations. Buyer should have marketing and product selection experience as updating everything from the merchandising to marketing will lead to dramatic gross and net profit gains. E commerce a real possibility! Current store hours are Tuesday-Friday 9-6, Saturday 9-1, Closed Sunday and Monday.

Competition / Market:

Competition: Due to State and Federal Legislation competition is limited. However, consumers have multiple options in the market and the right buyer will adopt a competitive pricing strategy and update the product mix.

Support & training:

Seller will provide transition assistance to include management during Federal Firearms License (FFL) application process.

Reasons for selling:

True Retirement Opportunity

Trading hours:

Current store hours are Tuesday-Friday 9-6, Saturday 9-1, Closed Sunday and Monday.

Financing available:

Total sales listed above reflect calendar 2007 performance. Total transaction price calculated from $100,000 plus value of inventory at cost on day of closing. Buyer will receive dated inventory at no cost. Buyer needs to be aware that consigned items in the store will not be sold (but will remain as consigned items). Seller will consider a portion of owner financing.

Furniture / Fixtures value:

$20,000

Inventory / Stock value:

$436,577

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.