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Established Gun Shop and Shooting Range with Property

Marietta, GA (Cobb County)

Established Gun Shop and Shooting Range with Property
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Asking Price: $995,000

Cash Flow: $100,000

Gross Revenue: $965,000

EBITDA: N/A

FF&E: $50,000

Inventory: $120,000

Real Estate: $1,200,000

Established: 1989

Established Gun Shop and Shooting Range with Property

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Business Description

Own an income producing business with land and building. This retail gun shop and indoor shooting range is a 25-year old well-established business that attracts both men and women gun enthusiasts, first time and experienced shooters, law enforcement personnel, private security groups and more. This business is extremely popular within the community, resides in an 11,177 sq. ft. building on a 1.5 acre lot.

The gun shop and range business’s Gross Revenue for 2018 exceeded $900,000 and Owner's Discretionary Cash Flow(ODCF) was $100,000. The County appraises the property at $1,291,000. At a 3x multiple plus inventory, the business, land and building are a value well above the sales price of $995,000 and allows a new owner to make changes to fit their own business model.

Highlights Include:
• The building has two retail sales areas, six office/break rooms, two warehouse areas, and an 80 sq. ft. Class 1 walk-in vault. The building can easily be sub-divided into two, possibly three suites
• Showcases in both retail spaces, billiards table, chairs & TV in Club Seating area, chairs & tables in Training Room, desk & chairs in back rooms, floor safes (2), POS and supporting server, security bars, alarm, CCTV systems, deep freezer
• Existing Shooting Range Membership, data files for email marketing to both regular buyers and the general public
• This business has other, non-gun related, revenue lines
• Online store which has had a 200% increase in 2019 YTD sales
• Huge parking area consisting of 55 lined parking spaces
• The building both inside and out are in good physical condition, has attractive curb appeal and excellent visibility and easy access from roadway
• Strong Traffic Count being located on an urban arterial road with AADT traffic counts avg 40,000 vehicles 40,000 cars per aay
• Area Population Count 177,214 within 5 mile radius, Average Household Income for Cobb County is $75,654
• Owner occupied Cap Rate of 4.48% is based off owner's mortgage and does not reflect potential if leased to a third part
• At $995k the building’s Price Point is approximately $89 PSF – well below replacement cost
• The land and building are General Commercial Zoning GC/WS - allows multiple uses
• No Lease, the current tenant is the gun shop and range
• Within 1,000 ft RaceTrac is building a new station and there are several properties being assembled for potential commercial development.
• Adjacent vacant lot is also for sale and could be purchased (different owner) for expansion
• Nearby Windy Hill Boulevard project
• Inside Austell Road Corridor Project & Guidelines
• Nearby Major Mall (Cumberland Mall)

The shop is closed for business on Mondays which would be a good day to view the property. Employees have not been notified that the property is for sale.

Detailed Information

Location:
Marietta, GA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
11,177
Employees:
4FT/5PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property included in this sale includes an 11,177 sq. ft. one story all brick building on a 1.5 acre lot. The building is currently configured for one business, but can easily be sub-divided into two, possibly three suites. This property is located in Marietta, Georgia, the County’s seat and a large cultural hub located in central Cobb County, Georgia, a suburb of Atlanta the state’s capital and most populous city. The area’s main economic background is built up from the Dobbins Air Reserve Base on the south side of town and a Lockheed Martin manufacturing plant both of which are just a few miles from this business.
Competition:
This Business has competition, but separates itself from other shop by providing the following to its clientele: 1. Personalized service 2. Friendly and knowledgeable sales staff 3. Good selection of guns and accessories 4. Low prices both in store and online 2. Friendly and knowledgeable sales staff. 3. Great selection of guns and accessories. 4. Low prices. .
Growth & Expansion:
The sky is the limit. Just be creative and energetic. Think about archery. Knife throwing. Let your mind wander. • Focus on growing the training programs • Grow the existing Membership programs • Develop more events like shooting matches and corporate events for businesses and parties • Improve social media presence • Expand the growing online business and expand into other mass market channels
Support & Training:
The Owner will give 2 weeks of transitional assistance included in the Purchase Price. Any additional assistance can be negotiated between Seller and Buyer.
Reason for Selling:
Retirement and relocation
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Contact the Seller

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Loren Marc Schmerler, President & Founder

Business Listed By:
Loren Marc Schmerler

Bottom Line Management, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The Georgia Association of Business Brokers (GABB).

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