ARMY NAVY SURPLUS
| Asking Price: | $1,675,000 | Inventory: | $950,000 ++ |
| Gross Revenue: | $2,743,309 (comments below) | Real Estate: | n/a |
| Cash Flow: | $388,067 (comments below) | FF&E: | $10,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Over past 10 yrs Revenues have been consistently between $2.5 and $3 million |
| Cash Flow Comments: Very steady, recession resistant business |
This Army Navy Surplus Company is a UNIQUELY RECESSION RESISTANT NICHE business. With almost $1,000,000 in hard assets, this business is SBA FINANCEABLE (even under the recent regulation changes). The company is well established (over 25 years in business), and has a LONG HISTORY OF PROFITABILITY. With no debt, tremendous reputation, and a knowledgeable, experienced and non-union staff, the company is a leader in both high quality products and cost effective services. Product Lines include (primarily NEW, NOT USED); camping & sporting goods, shoes and boots, fatigues, fishing and hunting, jeans, (Levis, Wrangler, Dickies), duffles & backpacks, work clothes, rainwear & cold weather gear, gloves, socks, underwear, tarps, motorcycle wear, knives, etc. etc. Mainly retail, but some municipal and corporate accounts. The beautiful building is superbly located, with excellent parking. Seller owns the Real Estate in a separate entity, and would lease or sell the facility. Seller has health issues and is retiring (65 years old), and will provide support and training through the familiarization period. A complete package, including last 3 years of corporate taxes, will be provided to serious and qualified buyers only.
About the Business
Year Established:1983
Employees:12 full time - 8 part time
Facilities:Approximately 5,000 sf, beautiful building, Seller owns property and would sell, or rent at $4,500/month. The business is in a prime location.
Market Outlook and Competition:2009 continues to be another solid year for this company, in a recession resistant industry. Little or no competition.
About the Sale
Management Training and Support:8 weeks at 30 hours per week of familiarization and training included in the transaction.
Reason For Selling:Owner has poor health, and is retiring (he is 65 years old)
Seller Financing:For the right buyer, Seller willing to carry up to 15% of the deal (this deal SBA financeable).
KEYWORDS: surplus, army, navy, niche, SBA financeable, profitability, real estate
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