This 30+ year old company carries an extensive stock of firearms and related accessories including ammunition, targets, holsters, reloading supplies, and fine optics. In addition, the company offers customers conceal and carry (“CCW”) classes that include the use of an on-site pistol range at its retail location.
Seller states Year-End estimated (June 30, 2021) gross revenue at $13,000,000 and net income anticipated to be $6,000,000. YTD net income is approximately $4MM. The seller feels this is being driven by national political changes and COVID. The seller anticipates this to continue for at least the next 4 years.
It enjoys a diverse retail customer base with approximately 80% of customers being repeat customers. Customer sales transactions average $400 to $600, with a low-end gun offered at $175 and the highest value gun at approximately $6,000. There is a much higher net margin on used versus new firearms.
Inventory of ~ $500,000 will be included in the purchase price; Seller is willing to consign excess inventory.