GREAT BUY on Super-premium Gun Store and State-of-the-Art Range

Asking Price$3,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$2,300,000
Included in asking price
FF&E$475,000
Included in asking price
Real Estate$3,100,000
Not included in asking price
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GREAT BUY on Super-premium Gun Store and State-of-the-Art Range


Asking Price$3,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$2,300,000
Included in asking price
FF&E$475,000
Included in asking price
Real Estate$3,100,000
Not included in asking price

Seller Financing Available
Business Description
Voted BEST OF 2024! One of the Top 3 Stores and Ranges in the Southeast!
HISTORY
The principals have been in the industry since 2001 when they were vendors traveling to gun shows. They opened the first retail store in 2010. In early 2016 they purchased and moved into the current facility: 18,000 square feet, with a retail store, state-of-the-art, completely automated 12-lane shooting range, training rooms, game room, storage, and a shipping and receiving department with a large overhead door.

SELECTION SECOND TO NONE
The store’s walls and glass cases are stocked with $2.2 to $2.4 million worth of handguns, shotguns, rifles, and accessories such as silencers, scopes, et al in many calibers, designs, and brands. Many premium firearms manufacturers have recognized the store for being among the top in brand sales in the nation: Glock Perfection Dealer, SIG Master Dealer, Kimber Master Dealer, And classified as Premium Direct Sales for Black Rain, Stag, Wilson Combat et al.

The owners' Golden Rule formula for success has been: first and foremost, treat everyone as you would like to be treated. Second, engage and encourage customers, so that personal attention and respect is second nature. Great prices and a huge selection bring folks to shop and shoot here, sometimes from great distances. In fact, a map on the wall (of the foyer of the range) indicates the hometowns of patrons from all over the world, and several regular customers are known to travel several hours, passing by their local ranges.

12-LANE INDOOR RANGE
What makes this range so special? Over $1M of capital investment:
• a ventilation system that replaces the air constantly, removing virtually all (sulfur) odor associated with shooting.
• Electronically controlled targets give accurate distances every time a user sends out a target, and
• programmed shooting scenarios to additionally challenge the shooter, no matter their experience.

EMPLOYEES
The company employs eight full-time and two part-time employees, all of whom appreciate each other and their autonomous working environment. With tenure from 3 to 6 years, the consensus is “We’re all family here.” Staff includes:
• A former police instructor teaches the concealed carry classes
• Three range officers handle range stock and supplies and are on the floor
• Two administrative employees, wearers of many hats, including receiving and inventory
• A retired police officer who specializes in scopes and long guns
• Rising General Manager, the daughter of the owners, will stay, has started to take on the face of the business

TRAINING AND LICENSING
Concealed carry training classes generate from $16k to 18k per year. Classes are usually 10 hours with a lunch break. Students finish on the range. Instructors who are also range officers include retired military and police.

TERMS OF ACQUISITION:
Two Options for acquiiring the business, based on what the seller must have to exit:
OPTION 1) $3,200,000
Sale of the businesss, including
a. Business Goodwill
b. The Range
c. FF&E, THE FURNTIURE, FIXTURES AND EQUIPMENT ($475,000 value): Range equipment, Displays, Computers and updated pos system, Desks, Chairs, Forklift, and all other equipment used in the conduct of business.
d. ALL INVENTORY: firearms, ammunition and accessories
e. a very aggressive NNN property lease of $12,000/month for 5 years
$3,200,000

OPTION 2) $5,500,000
Alternatively, exactly as above, but ALSO INCLUDING the real estate ($3,100,000 value)
About the Business
Years in Operation
24
Number of Employees
10
Facilities & Assets
Sprawling 18,000 square feet building, on 2.3 acres, with a beautiful frontage showroom/retail store, completely automated state-of-the-art, 12-lane shooting range with specialized ventilation system, digital targeting information, training rooms, game room, storage rooms, offices, and a shipping and receiving department with a large overhead door. A 25-year roof was installed in 2018. 81 tons of AC units (one 25-ton and one 20-ton unit less than 8 years old, one 20-ton unit replaced in 2021, and one 16-ton unit was new, replaced in 2020).
Market Outlook / Competition
Competition: This business has been called the "800 lb gorilla in the room". Only two other dealers statewide are larger. Smaller stores / ranges cannot compete on price or features.
Opportunities for Growth
The sky is the limit! A new owner could extend hours to 8 or 9pm, and/or re-open Sundays, or advertise more (than the current owners feel the need to).
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
18,000
About the Sale
Seller Motivation
Retirement and travel
Transition Support
30 days training and transition + 60 days accessibility by phone.
Financing Options
Rock bottom: OPTION 1) $3.2M includes business, FF&E and all inventory OPTION 2) adds
Listing Info
ID
2216441
Listing Views
2570

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Business Listed by: Bill Oates Alliant Capital Advisors LLC

Listing ID: 2216441 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.