Other Retail, Sporting Goods StoreActive
Long Time, Profitable Sporting Goods Store For Sale
DescriptionOPPORTUNITY:
This business is a sporting goods store that has been in operation since the early ‘90s. It is located in one of the fastest growing cities and markets in the state. This business services individuals, teams & leagues for all sports and all ages. It attracts customers from a 60 mile radius. The company also has a website integrated with Shopify which supports a robust E-commerce platform.
The current owner has operated the business since midway through 2023. This business assisted his transition from active military duty to civilian life.
FINANCIAL HIGHLIGHTS:
1. Two year average revenues are over $530,000.
2. Two year average cash flow is approximately $70,000.
3. Inventory levels remain around $185,000 - although does fluctuate.
ASKING PRICE
$310,000
Assets Included
Inventory = $166,337
Equipment (FMV) = $85,168
Real EstateRent is $3,590 per month
Building Size: 5000 sq. ft. Furniture Fixtures & Equipment$85k
Inventory$166kIncluded in Asking Price
Number of EmployeesFull-Time: 2Part-Time: 1
Reason SellingPursue other business ventures.
Facilities & AssetsThe business operates out of a large and well designed 5,000 sf retail space in a small strip center. There is a large retail floor in the front of the store, with a large space for inventory storage in the back.
Assets transferring with the business have a fair market value of $85,167. This equipment includes a high-valued embroidery machine, commercial style color printers and engraving equipment and kits.
Support & TrainingThe seller will negotiate a fair amount of time to train and facilitate the transition for the buyer.
Growth Opportunities1. The company could focus efforts on embroidery and engraving services.
2. Corporate swag and apparel is a market this business could easily tap into. There is a high demand for these corporate services in this market.
Financing OptionsSeller financing is available.Potential SBA Financing