Under Contract -Indoor Gun Range and Retail Store - Katy, Texas

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Real Estate 3.2 acres + 38,662 sf Building - Appraised at $6 million
Asking Price:
$6,000,000

Gross Revenue:
$2,000,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$800,000
included in asking price

FF&E:
$3,000,000
included in asking price

Real Estate:
$6,000,000
included in asking price

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Business Description

Due to the accidental death of the Owner and General Manager, an established and operating indoor gun range with 25 lanes and its high-end retail store are available for immediate sale. Located on a high traffic road and near a major highway intersection. The real estate appraised in September, 2017 at $6.0 million. Asking $6.0 million
for the real estate and the business.

BOYERT SHOOTING CENTER - KATY, TX

INFORMATION SHEET - MAY 2018

REAL ESTATE

Building - approximately 38,662 sq. ft:

Level 1 Retail/office 6,993
Level 1 Firing range (25 lanes) 14,882
Level 2 Office 3,578
Level 2 Training 3,209
Level 2 Unfinished/storage 10,000

Land - approximately 3.2 acres

Improvements - Total renovation in 2015 at cost of approximately $3 million.

Range renovation in late 2017 at cost of approximately $75,000.

Advanced air filtration system ; security system with closed circuit tv; freight elevator; signage on S. Mason Road

Real estate taxes approximately $80,000 a year.

RANGE, FIREARMS AND TRAINING BUSINESS

Annual sales in range of $2 million + a year.

Experienced management and staff available.

Point of Sale system available with inventory control.

Profitable before occupancy costs..

Inventory of approximately $800,000 at cost, including display and rental firearms.

Only liabilities to be assumed by Buyer are approximately $100,000 for customer deposits, gift cards outstanding and prepaid memberships.

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About the Business

Year Established:
2003
Number of Employees:
16
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
38,662
Facilities:
Land, 2 story building and all leasehold improvements.
Website:
Boyert.com
Market Outlook/
Competition:
Katy, TX - one of the fastest growing markets in Texas. No local competition. Prime location - about 1 mile south of I-10 on main street. 20 miles from Houston.
Growth & Expansion:
Business currently profitable before occupancy costs.
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About the Sale

Reason For Selling:
Accidental death in aircraft accident of owner and of general manager
Training/Support:
Experienced management and staff available.
Seller Financing:
No seller financing. Estate sale for cash.

Listing Info

ID:
1379360
Ad Detail Views:
776

Attached Files Attachment Disclaimer

  NDA.599640.doc (54 KB)
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Business Listed by
JOSEPH CHERNOW, CPA/ABV

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