Seller Financing Available
Well Established Denver Sports Retailer $65K Assets, $720K Rev, and
Well Established Denver Sports Retailer $65K Assets, $720K Rev, and $67K in Ca
The $66,910 for 2013's cash flow was up 19.6% compared to 2012. The first quarter of 2014’s revenues were up over 25% vs the first quarter of 2013. They have added several new and important customers over the last year.
Denver Sports Retailer with Strong Recurring Team and School Relationships
$64K in good inventory not including the value of the equipment! Slow moving merchandise is routinely eliminated through sales activity.
The owner started the business in 1989 and is going to retire. He has operated the business for the entire time and he moved it to its current location in 1995. The business is well established by years in business, location, and sales approach to various teams and schools. It is not well established over the internet or with groups that use water related activities for fitness which could help it grow it in the future.
The best time to buy this business is between May and July making this a fantastic time for a buyer to be looking at it.
This business will not change the day after it transfers to a new buyer. The business has great employees who love their jobs.
Sales Price: $100,000 down as part of a $175,000 total sales price. This is priced at less than 2X plus the inventory. The owners will carry the remaining $75,000. This business will qualify for a bank and/or SBA loan based on the size of its assets and profitable history. For more specific information, simply email Jeff Chapman at firstname.lastname@example.org. Just click on and fill out the NDA link: http://companybroker.com/buyer-profile-jeff.htm to get the sales package which has the financials and a video interview of the owner.
The Owner States "We offer the most popular equipment and uniforms along with the most complete and diverse selection of inventory for our sport. We have long standing relationships with our vendors whom allow us to jointly market their equipment/uniforms which we should be taking more advantage of" All of the equipment is backed with a manufacturer warranty. The company is also proud to represent a large selection of high quality product lines and equipment which helps to set them apart from the competition.
Marketing and Advertising: The company has less than $1000 each year spent on its marketing. They market mostly through the 800 email addresses that they have on file. There is an interactive website that is out of date and needs an upgrade also. The 3 sales associates make outgoing phone calls to Colorado Schools and teams offering their services. He does periodically go to meets and sets up a booth but not very often but has slowed down in recent years because the meets are usually during the weekends.
Growth Potential: They have not scratched the surface of the retirees fitness market that is becoming more popular especially in retirement communities. They have not made outgoing phone calls or marketed to those groups directly and carry only a few items designed for that. Because this is a specialty area, it fits their concept perfectly. The new owner could attend various schools sporting events by setting up a booth which is a great way to get exposure(an employee could do it). The new owner could expand into a new location in a different large city probably out of State. They also have no advertising other than the yellow pages and by sending emails. Upgrading the website should help also.
Employees: The company employees 3 full or part time employees depending on the season and time of year. They have virtually no turnover. The length of tenure and the low turnover rate means that employees like and know their jobs well. Ownership is comfortable leaving the business for vacations or to spend time with family based on the established systems, procedures, and experienced personnel. The quality of the employees and their dedication to the business also means that ownership does not need to spend long hours working “in” the business yet have the ability to work “on” the business. The sales representatives are on an hourly plus commission structure.
Competition: There has always been competition but the company has maintained the largest market share of the school and team market for a long time. The company has been paired against competition for years yet has continually maintained or grown their market share and bottom line.
Retail Store: The retail store which includes the offices, warehouse, and working space is 2600 square feet at $2,700 per month on a month to month lease in a strip mall at a very busy corner in south Denver, CO. The landlord will work with a new buyer.
Ownership: The owner is focused on a positive, supported, and successful transition of the business. The owner is very interested in seeing the business prosper in good hands and will help as much as a new owner wants him to. The hard work is done and has proved the test of time. A new owner can add new ideas, additional product lines, website innovation, new target customer groups, further market penetration and increase sales margins profitability. The owners believe that the business will grow especially with fresh ideas and new energy. The seller is willing to carry a portion of the sales price and will offer full warranties, indemnifications, and further states there have not been any legal or other issues of any kind nor are the owners aware of any items currently. This is a rewarding, positive, profitable business and could be an ideal fit for the right individual or company to acquire.
If you are NOT interested in this business for sale, but you refer someone to us who buys it and we collect the full commission, we will immediately pay you a referral fee of $2,000. Please send us anyone who you think would be interested in this offering, bearing in mind that any such party would likewise need to execute the NDA in order to receive information on the business
Jeff Chapman Eisnaugle
Company Broker Group, LLC.