Looking for a buyer.
This firearm retail and repair business currently has 700 firearms in stock valued at $1.2M and the seller will guarantee that inventory will stay at $1.2M for sale which collateralizes 46% of the bank loan! Their extensive inventory includes a wide variety of new and used firearms for sports, protection, and recreational use, plus ammunition, scopes, sites, holsters, safes, and more. The well-established business has been in operation since 2014 and provides a seamless approach through the purchasing process. With years of experience in the firearms industry, they are a full-service business offering services such as firearm sales, gun trading, gunsmithing & cleaning to prepare firearms for off-season storage, scope installation, night sight installation, total tear down, cleaning, reassembly, and function checks of firearms. Another incredible asset of the business is the well-trained and experienced team whom all have a long tenure within the company. The general manager in place fully handles business operations allowing the business to be passively owned. Their diverse outreach of customers includes local law enforcement agencies, first responders, military personnel, hunters, recreational shooters, people wanting to protect their home. With the aforementioned inventory and services, an outstanding reputation built on customer services, and their established and knowledgeable staff this business is primed for a new owner to step in and enjoy the spoils of an annual cash flow over $1M. The revenue, both online and in store, is generally split evenly between the sale of firearms and accessories. With an established customer base they sell approximately 3,000 firearms per year, with 1,000 of those sold to repeat customers. They work out of a 3,000 sq. ft. space and the current rent is $2,600/month, with 4 years left on the lease. Priced at $3,500,000, this business is in a prime geographic location, has a solid online sales representation, has a solid reputation and client base already in place, and is poised for continued growth. A new owner could offer more online products by working with more distributors; the company currently works with three distributors but has memberships with 12. Opening the store on Sundays would also lead to a boost in sales.
Baltimore, MD, USA
Baltimore, MD, USA
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