Firearm Supply Store with Absentee Owner

Harrisburg, PA

Seller Financing Available

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Asking Price:$1,900,000
Gross Revenue:$3,532,799
Cash Flow:$563,292
Established Year:2014
BUSINESS DESCRIPTION

Selling over 3,000 firearms last year, the seller is
guaranteeing $1,200,000 in wholesale goods. Their
inventory includes a wide variety of new and used firearms
for sports, protection, and recreational use, plus
ammunition, scopes, sites, holsters, safes, and more. They
operate a beautiful and large shop over 3,000 Sq. Ft. with a
lot of storage space for secured inventory. Another
incredible asset of the business is the well-trained and
experienced team who all have a long tenure within the
company. The general manager of this company fully
handles business operations, including online sales, which
allows the business to be passively owned. The revenue,
both online and in store, is generally split evenly between
the sale of firearms and accessories. Their diverse outreach
of customers includes local law enforcement agencies, first
responders, military personnel, hunters, recreational
shooters, people wanting to protect their home. With a
decade of experience in the firearms industry, they are a
full-service business offering services like firearm sales, gun
trading, 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.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
6
Facilities
Inventory: Seller will guarantee that inventory will stay at $1,200,000. FFE: $50,000
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.
Financing
15% Buyer Down Payment $285,000 10% Seller Financing $190,000 75% Bank Loan $1,425,00
Support & Training
1 Year. The General Manager wants to remain operating the company.
Reason for Selling
Approaching retirement
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Jared
Olson
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Jared Olson