Looking for a buyer.
This full-service firearms retailer guarantees $1.2M in inventory which collateralizes 42% of the bank loan! The well-established business has been in operation since 2014 and provides a seamless approach through the purchasing process. With years of expertise in the firearms industry, this company is boasting a 20% profit margin. An 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. This business controls the quality and timeliness of every purchase by offering a vast number of services including gun trading, gunsmithing and cleaning, scope installation, total tear down and reassembly, and function checks. In addition to these inventory availabilities, the store has a wide variety of available products to meet these demands including new and used firearms, ammunition, and firearm 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 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. They have 700 firearms in stock, valued at $1.2M which offers a bank loan that would be 60% collateralized. Priced at $3,800,000, 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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