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Gun Range and Firearm Sales - Fantastic Opportunity!
North CarolinaListing DetailsOffice ID: RANGE3
Status: Sold
Listing Broker: Joe Vagnone
Listing Price: $200,000
Gross Revenue: $1,857,653
Inventory: $464,000
Inventory Included: No
FF&E Included: Yes
Acreage: 3.5
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will consider some financing for the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:
Owners are retiring.
Training:
Owner will stay only long enough to train a new owner, although qualified staff are already in place.
OperationsYear Established: 2014
Form of Ownership: LLC
Employees (full-time): 10
Employees (part-time): 8
Managers: 2
Business Hours: Mon, Wed & Fri: 10a – 7p; Tu & Thu: 9a – 8p; Sunday: For special events only, and open to public af
Summary
Business Description:
Founded in 2014, this well established, profitable and fully equipped gun range and training center is the area’s leading all-inclusive range and firearms dealer, boasting the highest firearm sales in the state of NC for 2016, and the longest range in NC at 150’. This new, very clean, modern range is equipped with state-of-the-art equipment and knowledgeable training instructors, the range manager being on the NC State Board for Gun Regulations. Offering a variety of training classes, from basic handgun safety to more advanced, tactical classes, all courses are taught by certified instructors, most of which are current law enforcement, decorated military veterans, and award winning shooters. Revenue generating potential for this business is outstanding, as relationships and contracts with various local groups, businesses and law enforcement agencies are maintained. This business is a fantastic opportunity for an owner/operator able to devote full-time and energy into growing this already established business. *Although not included in the sale of the business, the prime real estate the business sits on is a 3.5-acre lot, with an extremely high traffic count (22,000 vehicles per day), and is owned by the owners of the gun range. The land is also for sale.
Historical Summary:
Since opening on November 15, 2014, this business has enjoyed significant growth in a very competitive market.
Owner Qualifications:
Business and employee management, knowledge of product and industry. A new owner will have to have or obtain a Federal Firearms License.
Competition:
With two main competitors in the market area, this range competes on the basis of price, service, and the 150' Range.
Potential Growth:
With many new businesses and families moving into the region, the potential growth of the business is exceptional, with many revenue generating opportunities. The population of the area is expected to double by the year 2030.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Monthly Rent: $20,000
Square Footage: 18000
Facilities:
This business has an 18K SF facility on a 3.5 acre lot, located on an extremely busy highway, that sees over 22K travelers per day. The 150' range is the only one of its kind in the state of North Carolina.
Last Updated: Jan 4, 2018 / 6:44 PM
Financial Information Current as of: Aug 23, 2017 / 2:59 PM