Specialty Athletic Shoes, Apparel and Gear Store

CA

Seller Financing Available
Specialty Athletic Shoes, Apparel and Gear Store

Asking Price:$925,000

Cash Flow:$237,840

Gross Revenue:$1,705,474

EBITDA:N/A

FF&E:$100,000

Inventory:$375,000

Rate/Sq. Ft.:$4,500.00

Established:1980

Specialty Athletic Shoes, Apparel and Gear Store

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Business Description

Specialty Athletic Shoes, Apparel & Gear Store w/$375K inventory

Established over thirty years ago, this northern California running specialty store with multiple locations is highly respected in the community which it serves. This is demonstrated by its very loyal customer base and successful profitable operation for decades.

Investment Highlights
• Steady Gross sales performance of $1.7MM to $1.9mm annually
• Extremely loyal customer base
• Long standing highly respected business
• Recurring revenue model with returning customer base representing 75% of gross sales
• Solid staff trained to provide high-level of customer service
• Database of over 6000 active customers
• Current owners willing to stay on though transition to new owners
• Potential for upside opportunity in implementing an E-commence offering

PURCHASE INCLUDES $375,000 IN INVENTORY

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,800
Lease Expiration:
7/31/2023
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two stores, one with 1400 square feet and the second 1800 square feet. The shops are nicely furnished and branded. Lease one is through May 31, 2018 with a 5 year option to renew, while the second is through July 2018 with a 5-year option as well. Both located in desirable neighborhoods with ample street parking. Landlords in both locations are willing to discuss further options with the right buyer group.
Competition:
Over the past five years, the Sporting Goods Stores industry has fared well due to strong demand for sporting goods from health-conscious individuals. With the sports participation rate anticipated to rise during the five years to 2016, more consumers have required athletic apparel, footwear and other sporting goods for their fitness regimens. As a recent LA Times article points out, there’s stiff competition for Sporting Goods Retailers. Larger sporting goods rivals, big-box discounters, eCommerce, specialty high-end brands, and more scramble for a share the pie. Although “the sporting goods industry has grown steadily it’s also become increasingly specialized.”
Growth & Expansion:
The company has fared well with the increased competition and ownership feels is well positioned to capitalize on the upward market trend. Although the business experienced a 10% dip in gross sales in 2015, the feeling is that many of the customers that had been lost to big box or e-commence competition have started returning for the customer service. The forecast is by the end of the 3rd quarter the gross sales will have stabilized and begin trend upward. This with the news that Sports Authority has just gone out of business sends a strong signal that this company will continue to have a place in the market for years to come.
Financing:
open to discussing
Support & Training:
4 weeks at 20 hours per week
Reason for Selling:
Partners have other interest and endeavors they wish to pursue

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Paul Kelley

Business Listed By:
Paul Kelley

Synesis Advisors

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Sponsoring Broker:
Randy Katz

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