New Listing: Eastern South Dakota Gun Shop
Dec 16, 2022 10:10 pm
Bryan in our office had another new listing last week! This one also comes with real estate. However, the $2.4MM inventory is not included. Have a great weekend!
Eastern South Dakota Gun Shop
Asking Price:$1,650,000
Cash Flow:$ 307,082
Gross Revenue:$ 3,244,634
FF&E:$ 34,281 (Included)
Real Estate:$ 375,000 (Included)
Employees:6
This niche sporting goods business is turn-key and ready for the next owner. This profitable and high demand business offers guns, ammo, archery, reloading equipment and hunting gear. It enjoys specializing in long range shooting and thermal optics for the serious outdoors person.
This business is located on a major highway and is a “must see” for anyone seeking to enter this industry. This business is perfect for an entrepreneur with interest in this industry. Its revenue peaked in 2020 at $3.4MM (Covid) and is on pace to almost match that this year (2022). Inventory levels vary and is NOT included in the list price. The current inventory level is right at $2.4MM, but the current owner is in the process of working this down to a more manageable level. This family-owned business has been open since 2014. In the event the owners and manager are absent, there is an employee who can and does "run the show."
Facilities:
The facilities are adequate for current and future needs.
Competition:
The competition in this industry is mature. With that said, this business has a larger inventory/offering - more than most others in the surrounding area.
Growth & Expansion:
Potential for growth could be in online marketing, continue to build social media and other digital marketing avenues.
Support & Training:
Will train for 4 weeks @ $0 cost.
Reason for Selling:
The sellers would like to retire and pursue other interests.
As always, I'm looking forward to hearing from you soon!
Happy Friday,
Josh
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JOSH GRODE WOLTERS, MBA
Business Intermediary
Sioux Falls • Rapid City • Des Moines
2121 W 63rd Pl, Suite 100
Sioux Falls, SD 57108