Firearm Retail & Range Business for Sale

General Description

Highly-rated range-retailer operating out of 40,000 sqft facility constructed in 2014 and located in scenic coastal area nearby high-end Class A retail. Building is 50% occupied by range-retailer, 50% occupied by other high-quality tenants (other tenants total annual rent is $250,000 / year). Company has $2.9M in retail inventory value with 45,000 items in inventory. Revenue is primarily gun & ammo sales, with significant opportunity to grow via Memberships and New Departments (i.e. fishing & hunting).

Business Description

Highly-rated range-retailer operating out of 40,000 sqft facility, located in scenic coastal area nearby high-end Class A retail. 50% occupied by range-retailer, 50% occupied by other high-quality tenants (other tenants total annual rent is $250,000 / year).

Retail Overview: high-quality retail establishment offering one of the broadest product portfolios on the East Coast, with 45,000 items in inventory and the ability to procure virtually any product.
- Cloud-based modern POS and inventory system with scannable inventory audits
- New plumbing, HVAC, LED lighting and 40+ security cameras inside and out
- $164 Average Ticket Size with over 12,000 items sold in 3,500 transactions per month
- Strong operational metrics, with $192 Revenue per man-hour and $85 average gross profit per man-hour
- $2.9M retail inventory valuation with strong inventory turns

Range Overview: State of the art shooting range with platinum-quality build including two separate range areas (allowing for classes to run while remaining open to the public).
- 15, 25-yard Lanes
- Action Target range equipment including TOTAL CONTAINMENT TRAPTM (TCT), DEFENDER™ SHOOTING STALL
- Sound Abatement System
- Carey’s Range Ventilation System
- Ballistic, Bulletproof Glass & Doors
- Fully climate controlled (heat & air conditioning)
- After-hours VIP access system (FOB access via magnetic doors)
- 1,400 current Range memberships

Significant opportunity to grow the business via Memberships and New Departments. Owners also believe they could re-launch their eCommerce presence to drive growth.