Rifle Manufacturing - Multi Caliber Take Down Rifle

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Business Description

The Company Founded in 1995, the company designs, manufactures, and sells guns in the US, Canada, and a few international countries. Since the introduction of the new lines in 2013, the company has changed its distribution system from individual sales to distributors and dealers. It continues to add larger active distributors and dealers each year. In 2015, Cabela’s (50 stores) and FGL Sports (200 retail stores) were added to the distribution channel. In late 2017, the company hired an experienced industry marketing person to expand the brand name. In late 2017 the company cut personnel to match its current backlog. In January 2018, another, more aggressive Canadian distributor was obtained. In January 2019 the company will introduce a more enhanced rifle.

About the Business

Columbia County, Oregon
Year Established:
Number of Employees:
Real Estate:
Building Sq. Ft.:
The company is operated in a rural part of the state within 45 miles of the state’s largest city. The approximately 8,500 square foot (approximate size) manufacturing facility is approximately 30 years old and is of a wood frame construction with a metal roof. A second building is used to store barrels, box foam and boxes. It is approximately 3,000 sq ft. Both are located onapproximately 5 acres of land owned by the Seller. The building and property are not for sale at this time. The current rent is $7,250 per month, triple net. The seller is willing to take $4,000.00 as rent payments after the sale.

The building is divided into a machining area with 3 Haas machines, an assembly floor with wooden work tables, an R&D space and old weapon assembly room, a bluing, parkerizing, sandblasting & test fire room, and offices upstairs.

There are no DEQ or HAZMAT issues related to the facility or
Market Outlook/
The Company faces significant domestic and international competition and its competitors vary according to product line. Certain of these competitors are subsidiaries of large corporations with substantially greater financial resources. a. Wise Lite Arms; Wise Lite Arms is a leading manufacturer of military style firearms. Their research and development team has successfully designed many sought after BATFE FTB approved 922r compliant converted semiautomatic machine guns and submachine guns for collectors, marksmen, and re-enactors. They have mass production capabilities and are able to provide firearms to both distributors and firearms enthusiasts. This competitor only sells this one product line. b. Central Wisconsin Armory; CWA specializes in the 50BMG Browning family of M2/M3 based belt fed weapons. Its Dragon M-50 has proven itself as the premier configuration for the 50 BMG Heavy Machine gun. This competitor only sells this one product line. c. Mechtech Systems, Inc.; manufactures a 1911 CCU system which installs a Glock pistol converting it into a rifle configuration. A CCU system is an 'upper' for an auto loading pistol. d. Kel-Tec CNC Industries, Inc.; manufactures 7 handgun models and 8 rifle lines. Rifles retail for 1.5 times The Company’s price. e. Colt Manufacturing Company; Colt is a primary US military firearms manufacturer. Colt’s rifles are the only rifles available to sportsmen, hunters and other shooters that are manufactured in the Colt factory and based on the same military standards and specifications as the United States issue Colt M16 rifle and M4 carbine. Prices vary by model and retail at twice The Company’s price. f. DPMS Firearms (owned by The Freedom Group); is one of the largest US rifle manufacturers. It manufactures multiple lines of tactical, competition, hunting, varmint, and target rifles. g. JnC Manufacturing; Specializes in 50 calibers, they build the Browning Heavy gun. This competitor only sells
Growth & Expansion:
Management has determined that taking the company to the next level will require someone with greater marketing and operating experience. The Seller will remain for a number of years if desired by the buyer to transition their knowledge and experience.

All key employees are expected to remain after the sale if desired by the buyer.

STRENGTHS ? Established brand name ? Patents on modern rifle & pistol lines ? Experienced employees ? Recently added 50 chain-store: Cabela’s, as a retail distribution channel, December 2015 ? Added 200 chain-store retail distribution channel: FGL Sports (Canada), December 2015OPPORTUNITIES ? Introduction of new rifle & pistol models (one is in the final testing stage) ? Bring more manufacturing in-house to increase margins
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About the Sale

Reason For Selling:
Has bigger things he wants to do. Is a trained arinotical engineer
Seller will train for a negotiated period of time depending on the skill and management capacity of the prospective buyer. The Seller has decided that taking the company to the next level will require someone with greater marketing and operating experience. The current owner focuses only on designs. The owner desires to remain after the sale for a transition period to ensure transfer of product and customer knowledge. All other key employees are expected to remain after the sale.

Listing Info

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Business Listed by

Ladd McGowan-Senior Business Analyst

NorWest Business Sales, Inc.
License# 840700006

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