See Similar Listings

THRIVING Used Sporting Goods Sales/Rentals and Outdoor Clothing

Montrose, CO
As you walk into the shop...

Seller Financing Available

As you walk into the shop...
Asking Price:$285,000
Gross Revenue:$283,000
FF&E:$21,100
Established Year:2022
Cash Flow:$173,000
Inventory:$235,600
Real Estate:$287,000
Listing ID: 2236627Listing provided by BizBuySell
BUSINESS DESCRIPTION

This THRIVING business is RIPE for REBRANDING - make it your own!

THE BUSINESS & REAL ESTATE NEXT DOOR JUST SOLD FOR $650K!
This is not easy work, but if you keep working this business as hard as I do - you will NET AT LEAST $173K... OR BETTER!

Owned & operated by one (60 y/o) man - working 40-50 hours weekly behind the scenes & on the front lines - retail business hours total just 26 hours weekly (Mon/Thurs/Fri 1-5; Sat/Sun 10-5).

Just 5 minutes from the rec center, local waterways, white-water park, hiking/biking trails, 18-hole disc golf course, numerous parks & golf courses, schools, ball courts; 10-30 minutes away from lakes, reservoir, Black Canyon, XC trails & 60-90 minutes from Telluride, Crested Butte, Powderhorn, Grand Mesa.

From 2017-2022, 100% of the revenue came from 'online-sales'. Montrose, CO 'brick-n-mortar' operations (opened 11/2022) quickly eclipsed those sales - largely due to a local market ripe for hard-to-find & gently-used outdoor gear, clothing & sporting goods at reasonable prices; little to no 'real' competition & a still very loyal following of customers dating back to 2014.

RENTALS - paddleboards, snowboards, skis, climbing gear, river/snow tubes, kayaks, inversion tables, gym equipment, etc... provide an additional revenue stream that will continue to grow over time. 15%-20% of those rentals get 'converted' into sales.

Currently operating from a 1200sf commercial building (with tiny living space, ONE 40'X8'X9' shipping container, THREE 20'X8'X8.5' shipping containers & TWO 22'X8'X9' steel buildings with roll-up doors) with extremely high traffic exposure. The out-buildings include heavy-duty pallet racking/shelving.

Business/equipment/fixtures/inventory can be purchased for $285K with partial seller financing (up to $50K 1st DOT at 4% interest amortized over 10 years with 5 year balloon payment) for the right buyer/right circumstances (includes 80 hours of training/support - beyond that, additional support/consultation available at $25 hourly).

WE DON'T BUY JUNK, WE DON'T TAKE DONATIONS, we THOROUGHLY CLEAN all of our gear & we PAY A FAIR PRICE!

MIGHT CONSIDER A 51/49 PARTNERSHIP WITH $150K BUY-IN... IF YOU CAN LIVE WITH ME CALLING THE SHOTS & MATCH (OR EXCEED) MY WORK ETHIC, WE CAN SPLIT THE PROFITS MONTHLY & AGAIN WHEN WE SELL THE BUSINESS LATER.

Building & structures can be purchased for $287K with partial seller-financing.

Business & real estate can be purchased together for $485K with partial seller-financing (up to $150K 1st DOT at 4% interest amortized over 10 years with 5 year balloon payment) for the right buyer/right circumstances. THE BUSINESS AND REAL ESTATE NEXT DOOR JUST SOLD FOR $650K!

Building/Structures can be leased for $1600 monthly + utilities/maintenance for 12 months, or month-to-month for $1900 + utilities/maintenance.

Seller might consider a 12-month 'lease-option' scenario for the real estate with $25K down (non-refundable) & $1,600 monthly ($500 monthly credit towards purchase price).

COMPETITION? NONE TO SPEAK OF... the only other shop in town offering any 'used' sporting goods & outdoor gear was started & sold by 'yours truly' in 2015 to a very lovely couple that shifted their focus to the very profitable 'rental' market for WINTER GEAR ONLY - they now offer very little in the way of locally accessible 'used' inventory. They were kind enough to sell me ALL of their NEW AND USED SPRING/SUMMER/FALL SPORTING GOODS INVENTORY. They now close their doors mid-April & reopen October 1st... making us the ONLY used sporting goods store in a 65 mile radius & the LARGEST used sporting goods store on the western slope. Their business (970SportsRewind.com) can now be purchased for $650K (with no real estate)! Or, you can buy mine for $285K or $485K with the real estate!

Extremely rewarding & so much untapped potential. Watch your sales numbers explode just by expanding your weekly retail hours from 26 to 40!

DETAILED INFORMATION
Location
Montrose, CO
Inventory
Included in asking price
Real Estate
Owned
Building SF
2,300
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
For $285K sale price, Seller guarantees at least $235K in used sporting goods and outdoor clothing; $20K in fixtures, equipment and supplies at time of sale. Business AND commercial real estate (B-2 zoning) can be purchased for $485K. Real estate includes a 1200sf single-story building (circa 1964) and another 1100sf in out-buildings. The building is not in the best shape, but clearly gets the job done. The out-buildings (appurtenant to the real estate) include pallet racking/shelving and are easy to move around, weather-proof and built-to-last.
Competition
For 'used sporting goods', there really is no local competition to speak of. The other store that offers some used sporting goods is closed from April to October and focuses on NEW RETAIL - WINTER SPORTS ONLY, offering very little in 'used' gear. The next closest competitor is Play It Again Sports, 65 miles away, with 90% new retail and 10% used inventory. Our store is 98% used inventory. There are a few other retailers renting gear, but not offering our variety and our rates are the lowest in the region - our RENTAL market share is growing rapidly.
Growth & Expansion
PROS: DAILY AVERAGE OF 28,000+ vehicles drive by! Retail & RENTALS can be expanded. HUGE UNTAPPED POTENTIAL for camping, hunting, fishing gear, ski/snowboard tuning/mounting/repairs. Current retail hours are just 26 hours per week - expanding those hours could increase sales by 20-30% (like it does during our extended Xmas/New Year holiday hours). CON: Primary building is small, but with the additional out-buildings, outdoor displays and merchandising - we've got it dialed-in just right (but there is ALWAYS room for improvement).
Financing
4% 1st DOT on $50K carry for business only or $150K carry for business & R.E.
Support & Training
Includes laptop & desktop PC setup to manage 1) 100s of product listings on Ebay, CL, FB & Bonanza; ad-copy, marketing materials, SOP. After 80 hours of training, seller can be available on a regular & reasonable basis for consultation. LETTER OF INTENT, NDA, PROOF OF FINANCIAL STABILITY REQUIRED BEFORE MORE DETAILS CAN BE SHARED. BROKERS WELCOME, BUT NON-EXCLUSIVE.
Reason for Selling
It's time for me to play more, work less and make family a priority again!
BUSINESS LOCATION
Report an Issue with this listing
Marcum Patrick
Phone Number
Marcum Patrick
Call Phone