Looking for a buyer.
The managing owner is willing to stay on board long-term post close at this new & used firearms & accessories retailer! With nearly $6M in revenue and a 21% profit margin, this South-Central Pennsylvania retailer is well-known for their outstanding customer service, knowledgeable team of employees, and wide variety of products. Customers of all types frequent the store – avid gun collectors, hunters, recreational shooters, people looking for a home protection firearm, local law enforcement agencies, first responders, and military personnel can find something to fit their needs. Along with selling new and used firearms in an array of well-known brands (such as Remington, Smith & Wesson, Glock, and Browning) both in-store and online, this company sells accessories including ammunition, scopes, sites, and holsters. The revenue is generally split evenly between the sale of firearms vs. accessories. They also do firearm trade-ins, basic gunsmithing, scope installation, night sight installation, and total tear-down, cleaning, reassembly, and function checks. They sell approximately 3,000 firearms per year, with 1,000 of those sold to repeat customers. Of the 6 employees, one of the store’s owners (50%) acts as Managing Member who runs the daily operations of the business and has extensive experience and expertise in gunsmithing; this owner is interested in staying on board as an employee. The other 5 employees are also capable of running the store on a day-to-day basis. The second owner handles general oversight and is looking to exit the business in order to plan for retirement. They work out of a 3,000 sq. ft. space and currently have 700 firearms in stock, valued at $1.2M. Rent is $2,600/month, with 4 years left on the current lease. Priced at $2,875,000, this business is in a prime geographic location, has a solid reputation and client base already in place, and is poised for 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.
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