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Firearm Supply Store with Absentee Owner for sale in Harrisburg, PA

Harrisburg, Pennsylvania (PA)

Asking Price: Gross: Cash Flow:
$ 1,900,000 $ 3,532,799 $ 563,292

Furniture and Fixtures Value:
$ 1,250,000 (included in the asking price)

Inventory Value:
(not included in the asking price)

Real Estate:
(not included in the asking price)

Business Summary:
Selling over 3,000 firearms last year, the seller isguaranteeing $1,200,000 in wholesale goods. Theirinventory includes a wide variety of new and used firearmsfor sports, protection, and recreational use, plusammunition, scopes, sites, holsters, safes, and more. Theyoperate a beautiful and large shop over 3,000 Sq. Ft. with alot of storage space for secured inventory. Anotherincredible asset of the business is the well-trained andexperienced team who all have a long tenure within thecompany. The general manager of this company fullyhandles business operations, including online sales, whichallows the business to be passively owned. The revenue,both online and in store, is generally split evenly betweenthe sale of firearms and accessories. Their diverse outreachof customers includes local law enforcement agencies, firstresponders, military personnel, hunters, recreationalshooters, people wanting to protect their home. With adecade of experience in the firearms industry, they are afull-service business offering services like firearm sales, guntrading, gunsmithing & cleaning to prepare firearms for offseason storage, scope installation, night sight installation,cleaning, reassembly, and function checks of firearms.Priced at $1,900,000, with a 4-year average cash flow of$563,292 and a low multiple of 3.1, plus the 80%collateralized loan with $1,250,000 in guaranteed assets,this business is primed for new ownership

 

   
Year Business was Established: 2014
   
Number of Employees: 6  
   
Facilities / Terms of Lease: 3k sq. ft. building; $2,600/month, low overhead  
   
Potential Growth/Expansion: Develop a marketing strategy. Currently this business relies on billboards around the area to advertise their services. Collaborate with local shooting ranges, offer classes, and expand into E-commerce.  
   
Owner willing to finance: 15% Buyer Down Payment $285,000 10% Seller Financing $190,000 75% Bank Loan $1,425,000  
   
Owner willing to train: 1 Year. The General Manager wants to remain operating the company.  
   
Reason for selling: Approaching retirement  
   
Seller Reference Number: RTL010-K
BusinessMart.com Listing Number: 304101
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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