Outdoor Goods Retailer with Management in Place

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 focusing a non-competitive venture. A management team in place means this opportunity is a fit for a well-capitalized 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. This property is held by a separate entity with common ownership making lease negotiations a breeze.

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. Sales revenues have steadied themselves around $2.5 million over the last two years. Normalized (weighted) EBITDA averages out to over $300,000 on the last 3 years. This opportunity is offered at $1,750,000 based on a 5.75x multiple of EBITDA packed full of value from quality inventory (nearly $1.4 million), long standing reputation, and well-trained staff and management in place.

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 lease to attractive purpose-built real estate.