Seller Financing Available
Gross Revenue: $859,000
Real Estate: $350,000
37159-Retail: New-Used Firearms, Ammunition-Accessories
This retail firearms store is located in western Iowa however, they have a lot of business activity from Nebraska and hunters often visiting from South Dakota. In addition to a large selection of new and used guns, they also sell ammunition, optics, knives, and accessories. They are an authorized dealer of Glock, Sig Sauer, Rock River Arms, Springfield, Mossberg, Ruger, Marlin, Henry, Remington, Bushmaster, STAG, and more. This business has a great reputation within the community as well as a large customer base. There is plenty of opportunity for growth in this company with many avenues of expansion that could boost profit.
This firearms company has been in business since 2002 with the current ownership. After years of hard work and dedication to building this business, the current owner has decided to retire and let a new owner take it to the next level. This Iowa based business is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This owner-operated business is managed in a hands-on fashion, giving the owner full control over the quality of products and the customer service provided. Out of their total revenue, 70% comes from firearm sales, 10% from ammunition, and 10% from accessories. This company offers a new owner a successful business with stable revenues. For more information on this listing, contact us today. Equipment and inventory included in the sale, more details available upon inquiry.
Inventory: Included in asking price
Real Estate: Owned
Included in asking price
Building SF: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 1) The business currently has 4,750 sq ft of space on the ground floor on a 25’ x 100’ lot in a high traffic area. Everything in the building has been remodeled or updated. This two story building includes retail and storage space and is owned with an option to lease or purchase. 2) The property includes three rented apartments with income going through the company. More details are available upon inquire.
Competition: 80% repeat clientele. Customers choose this business because of their large selection of firearms. In addition, their knowledgeable and friendly staff keeps customers coming back. Throughout their years in business, this company has built an excellent reputation in the area as well as many loyal customers.
Growth & Expansion: There are several growth opportunities for this business. An assertive new owner might consider buying the adjacent real estate and starting an indoor gun range. Another opportunity comes from stronger sales efforts such as internet sales and stronger marketing efforts with a sales team. Increasing marketing through gun and trade shows would be highly beneficial to the company. There is also income potential for providing gunsmithing services and repair.
Financing: Negotiable up to: 10.00 %.
Support & Training: Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period.
Reason for Selling: Approaching retirement.
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