Business Summary:
Established in 2007 this Golf Store Franchise is located in an upscale Tampa Bay area surrounded by 23 Golf Courses within a 10 mile radius. In the first 12 months of operations with the key manager in place the store recorded over $800,000 in sales. The store is part of the #1 International Golf Franchise network; as ranked by Entrepreneur Magazine. The Franchisor provides a solid foundation on which to build the store infrastructure and create a successful thriving enterprise. The Store recently lost a close associate and store manager. In 2008 the store achieved revenues of $659,888 with on-site management. Absentee owned the business is priced to sell, and owner is open to all offers. Total asset value is estimated at $177,500. Business is priced well below its asset value. Per a marketing study over 40,000 golfers reside within a 10 mile radius of the store. Only three smaller, non-chain golf stores compete in the same 10 mile trading area. The store carries major brands i.e. Titlest, Taylor Made, Calloway, and others. Through a cooperative fund, franchise owners reap the benefits of quality products at lower costs increasing the availability of merchandise for customers at competitive prices while maintaining profit margins. The store is known for its friendly knowledgeable service. This is a golden opportunity for any qualified buyer that is willing to roll up their sleeves and dedicate the time needed to make this a successful investment opportunity.
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| Year
Business was Established: 2007 |
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| Number of Employees:
2FT/1PT |
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| Facilities / Terms of Lease:
The business has been in the same Tampa Bay area location since June of 2007. The facility has 4,453 sq. ft. of operating space. |
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| Potential
Growth/Expansion:
Originally the business utilized billboard advertising when opening the business, heightening awareness within the community. The business advertises in Golfer Guide and in Golf Map. The business lacks actively marketing and advertising to local area golf courses.
A. An innovative buyer who developed an aggressive marketing plan utilizing direct mail, coupons, and flyers could generate greater revenues.
B. Networking, advertising, and sponsoring tournaments at local golf courses throughout the area could attract a larger loyal customer base tapping resources that would allow the business to realize its considerable potential. |
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| Competition:
Only three small non-chain competitors are located within a 10 mile radius. The store maintains a competitive advantage and edge due to Franchisor support allowing for competitive pricing strategies while sustaining profitability and strong store recognition as part of the #1 golf franchise international network. |
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| Reason for selling:
Other Business Interest |
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Seller Reference Number: 4215-2315
BusinessMart.com Listing Number: 72311 |
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