OFF-MARKET ‘Q4 2022
High Net Space Coast Gun Shop Hits all Targets
Melbourne, FL (Brevard County)
Seller Financing Available if the price and deal structure is right.
Asking Price: $299,900
Cash Flow: $181,000
Gross Revenue: $700,000
EBITDA: N/A
FF&E: $43,000
Inventory: $170,000
Established: 2011
Employees: 3 (2 Partners 1 Employee)
Business Description
One of the Sellers so enjoyed the sport of shooting, he opened this gun shop in 2011 believing he could make a good living and create opportunities to teach gun safety.
The store now represents more than 25 firearms manufacturers and offers concealed weapons permit classes and full firearm training. They are an authorized dealer for Henry, Smith & Wesson, Glock, and Sig Sauer. Three Certified Firearms Instructors work with the shop to provide flexible class schedules. Inventory generally includes less than 200 firearms along with ammunition and accessories (like special conceal-carry purses for the growing number of women gun owners.)
Over the past two years, sales have nearly doubled. Part of the increase was due to high demand, both in the store and at four guns shows they regularly attend on weekends. However, a noticeable uptick in repeat business can also be attributed in part to the hiring of a key employee. NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
Located in a small strip mall, the 1,100 sq. ft. space rents for $1,175 per month. The rent is expected to increase in February. There is good signage and good foot traffic at this location. The only reason to move the established shop would be if the space was large enough for a gun range.
Competition:
There are few other privately run shops in the area. The primary competition comes from big-box stores and online retailers. Increasing web presence will help with that.
Growth & Expansion:
To increase sales, revenue, and its positive reputation, the Sellers recommend offering more training and concealed weapons classes, bringing on additional LEO and security guard type items and making efforts to connect more with the local outdoor range for training opportunities.
Financing:
To be determined if structure, down payment, and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer for at least 30 days or as negotiated.
Reason for Selling:
The couple is looking to semi-retire.
OFF-MARKET-High Net Space Coast Gun Shop for Sale
