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High-end Outdoor Equipment Specialty Retailer, Colorado

| Asking Price: | Not Disclosed | Inventory: | $524,634 ++ |
| Gross Revenue: | $1,505,346 | Real Estate: | n/a |
| Cash Flow: | $146,090 | FF&E: | $160,178 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Best-in-class retailer voted at the top of industry nationwide
Live and work in one of the most desirable areas of the Country. This boutique, high-end outdoor equipment retailer was immediately ranked in the top 100 of 5,000 similar businesses nationwide after its 1st full year in existence and it has been climbing that prestigious list ever since. Sales have grown steadily to the current level which outpaces the sport’s national dealers’ association benchmark by 350% on a ft2 basis! This store has a unique product offering focused on the most profitable and fastest growing segments of the market that also extends the typical selling season of the particular sport and provides year-round cash flow. Revenue is generated from 3 sources: 1) equipment sales 2) accessory sales 3) equipment service and maintenance. Features in many of the sport’s top national and international periodicals have helped spread brand recognition and have turned this retail business into a premier destination shop. Loyal customers with a wide range of interest and ability levels (novice to world class professional athlete) visit from around the world. The business also has an established website that experiences impressive traffic and serves as a hub of information for the sport and includes detailed product offerings, a blog, and an online catalog with ordering capability. Flexible interior space makes it easy to host special events increasing mindshare with athletes. 20,000 automobiles pass the by the location daily. Located in an affluent and highly educated market: av. household income for the trade area is $85,200 (with 16.6% topping the $100,000 mark), 66.2% of adults are white collar employees, and 50.5% have four or more years of college education. Daily operations are managed by long-term key employees. General business experience appropriate for new owner.
About the Business
Facilities:The business is strategically located at the gateway for this outdoor sport in the area and adjacent to a renowned meeting spot for some of the best athletes in the Country. 2,600 ft2 of retail space and 1,000 ft2 of warehouse space handle the heavy traffic load. Functional interior space has a progressive, industrial feel and is 80% modular to be altered quickly to keep things fresh. One of a kind interior space focused on accentuating all products was designed by an architectural firm that does many world-wide concepts for the industry.
Market Outlook and Competition:The business is relatively young but has enjoyed early-stage sales growth from $350K to over $1.5 MM in just a few years. Upside potential is big as the company is still in high-growth mode. An eCommerce strategy has recently been put in play for the shop that will enable the increase in sales revenues without having to increase the size of the showroom. Scalable systems are in place that will grow with the company and will not require additional investment. There is room for expansion in the existing location. While there are other retailers located in outdoor-enthusiastic Boulder, there are no immediate competitors located in the strategic area of town where this store operates. The business also enjoys exclusive distribution rights for several high-margin, high-end and custom lines. Specialized marketing tools and programs are in place which drive sales, increase market share and improve customer retention - no other local retailers are using any of these techniques. Sales outpace the sport’s national dealers’ association benchmark by 350% on a ft2 basis!
About the Sale
Management Training and Support:Sellers are local and plan to remain in the area after ownership transfer. Support will be available to ensure a successful transfer and continued success. Legacy is import to the seller. Long-term, loyal employees cover the day to day operation. Call for details.
Seller Financing:Negotiable
Attached Files - Attachment Disclaimer
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