This successful retailer of outdoor sporting goods has been gearing up those with a passion for the great outdoors for 20 years. If hunting and fishing are your passion you will find what you need here thanks to shelves filled with a robust inventory of archery, firearms, clothing and accessories. This outdoor enthusiasts dream is now on the market with the current ownership pursuing a non-competitive ventures. A management team in place means this opportunity is a fit for owner/operator and investor alike.

Conveniently located just off a well trafficked State highway, this business attracts outdoor enthusiasts throughout the state of Michigan. A well maintained purpose-built, 10,000sqft building sits upon a 5-acre parcel. An overhead door and forklift make offloading inventory a breeze, while the retail floor is kept well stocked and organized. An additional perk is the indoor shooting lane which not only allows staff and patrons alike the ability to dial in their bow but also host indoor archery leagues. This purpose-built real estate is included in the offering at $600,000.

The business has stood the test of time as a stand-alone retailer and attributes its success to quality products and personalized service. Two longtime employees manage the day to day operations and bring a wealth of industry experience. A loyal customer base has been established by not only selling brands such as Matthews, Henry, Leupold, and Abu Garcia but also by offering small town service big box stores can only dream of. These key employees look forward to working with new owners to continue the growth and success of the business.

By maintaining a long-standing buying group membership affords a competitive pricing on par with the larger chains while maintaining the quality customer service you expect from a locally owned business. The presence of this business is such that there is not a meaningful competitor within 45 miles.

Now let’s talk numbers. Coming off the “Covid Bump” sales revenues have steadied themselves around $2.5 million over the last two years. Normalized (weighted) EBITA averages out to $347,065 over the last 4 years.

This opportunity is offered at $2,600,000 is the sum of three key components:

(1) A fair market 3.0x multiple of annual EBITDA ($347,065 x 3= $1,041,194)

(2) Roughly $1 million of salable inventory (valued below cost basis)

(3) 10,000sqft of late model real estate valued at $600,000

The sellers anticipate an asset sale in which they retain cash and the minimal A/R while retiring all liabilities. The buyer receives all furniture & fixtures, all fixed assets, inventory and attractive purpose-built real estate. In addition, the sellers will hold a meaningful six figure seller note for a qualified buyer.