Listing Number: 189597-363214
Description
Qualified Buyers Only. Proof of Funds 5MM Liquid Required.
This company is a sportsman’s one-stop-shop for guns, ammunition, archery, home safes, outdoor gear and apparel, plus much more! This business offers an expansive 25,000 sq ft building stocked with thousands of premium products to cater to the hunting and outdoor enthusiast. The spike in demand for personal protection has widened the customer base which extends to all parts of NJ and PA. The business also provides an on-site shooting and archery range with 17 lanes of indoor shooting with a state-of-the-art ventilation system and automatic retrieval on all lanes. Additionally, there are 16 outdoor lanes, each having 150 yards in length for long rifle shooting. They also offer indoor and outdoor archery ranges. The property is located off of a major interstate on a 23-acre tract of land, prime for expansion and growth as 40% of the land is undeveloped. Revenue can easily be increased by adding other outdoor lines such as camping, boating, ATV’s, etc. The property was appraised at 7.1MM in 2022 and there is 5.5MM of inventory. The asking price is only 1.3x asset value. Full Confidential Memorandum including financials, appraisals, and tax returns will be provided upon receipt of signed NDA and Proof of Funds.
Listing Details
- Price: $16,100,000
- Down Payment: $16,100,000
- Sellers Discretionary Earnings: $2,295,010
- Total Sales: $17,356,602
- Location: Ocean County, New Jersey
- Inventory: $5,500,000
- FF&E: $600,000
- Employees: 35
- Year Established: 2013
- Reason for Selling: Retirement
- Category: Firearms
