Retail Golf Store Franchise For Sale

Business description

This is a 3,750 s.f. nation-wide franchise Golf Store that sells everything a golfer will ever need including new & used clubs, golf club fitting & repairs, golf apparel, bags, balls, books & videos, caps, hats, gloves, grips, heads, shafts, shoes, tees, travel bags and even lessons. It is a national Franchise located in Fairfield County CT. Owner's started business in May 2005. Store is located in a busy shopping center near 3 other shopping centers, industrial parks and offices close to on-off ramps of a interstate highway.

Hours of operation are 9:30 to 6:00 Monday thru Friday, 9:00 to 5 on Saturday and 10:00 to 4:00 on Sunday. Husband & wife Owners work with a full time experienced sales person along with several part-time fill - in positions. All the displays, testing and repair equipment is only 3 years old and in excellent condition. Sales were over $640,000 in 2006 (first full year of operation) and $682,000 in 2007. The investment in the fit-up (leasehold improvements) equipment, displays, franchise and inventory was over $256,000 (not including legal fees and other soft costs). Owner Cash Flow at this volume and expense levels is +/- $36,000.

The store is +/- 3,750 s.f. It is located in a large shopping center with hundreds of parking spaces. Base rent is $6,750.00 per month ($21.60 psf) plus nets (landlord common charges). Current common charges are +/- $729/month ($2.33 psf). Total rent for this space is $7,479 ($23.93 psf). There is 1 year, 8 months remaining in the original term plus a 5 year option to renew. Any Offer made for this business could include a contingency that a longer term be negotiated with the Landlord - which the Landlord should be willing to do. Within a 15 mile radius of this stores Zip Code there are +/- 27 public and private Golf Courses. Selling Price of this business is $39,900 plus inventory of +/- $120,000.

Other information

Reasons for selling:

Growth requires additional resources.

Inventory / Stock value:

$120,000