Incredible Buy On Premium Gun Store And Range

HISTORY
The principals have been in the industry since 2001 when they were vendors traveling to gun shows. They opened the first retail store in 2010. In early 2016 they purchased and moved into the current facility: 18,000 square feet, with a retail store, state-of-the-art, completely automated 12-lane shooting range, training rooms, game room, storage, and a shipping and receiving department with a large overhead door.

SELECTION SECOND TO NONE
The store’s walls and glass cases are stocked with $2.2 to $2.4 million worth of handguns, shotguns, rifles, and accessories such as silencers, scopes, et al in many calibers, designs, and brands. Many premium firearms manufacturers have recognized the store for being among the top in brand sales in the nation: Glock Perfection Dealer, SIG Master Dealer, Kimber Master Dealer, And classified as Premium Direct Sales for Black Rain, Stag, Wilson Combat et al.

The owners' Golden Rule formula for success has been: first and foremost, treat everyone as you would like to be treated. Second, engage and encourage customers, so that personal attention and respect is second nature. Great prices and a huge selection bring folks to shop and shoot here, sometimes from great distances. In fact, a map on the wall (of the foyer of the range) indicates the hometowns of patrons from all over the world, and several regular customers are known to travel several hours, passing by their local ranges.

12-LANE INDOOR RANGE
What makes this range so special? Over $1M of capital investment:
• a ventilation system that replaces the air constantly, removing virtually all (sulfur) odor associated with shooting.
• Electronically controlled targets give accurate distances every time a user sends out a target, and
• programmed shooting scenarios to additionally challenge the shooter, no matter their experience.

EMPLOYEES
The company employs eight full-time and two part-time employees, all of whom appreciate each other and their autonomous working environment. With tenure from 3 to 6 years, the consensus is “We’re all family here.” Staff includes:
• A former police instructor teaches the concealed carry classes
• Three range officers handle range stock and supplies and are on the floor
• Two administrative employees, wearers of many hats, including receiving and inventory
• A retired police officer who specializes in scopes and long guns
• Rising General Manager, the daughter of the owners, will stay, has started to take on the face of the business

TRAINING AND LICENSING
Concealed carry training classes generate from $16k to 18k per year. Classes are usually 10 hours with a lunch break. Students finish on the range. Instructors who are also range officers include retired military and police.

TERMS OF ACQUISITION:
Two Options for acquiiring the business, based on what the seller must have to exit:
OPTION 1) $3,200,000
Sale of the businesss, including
a. Business Goodwill
b. The Range
c. FF&E, THE FURNTIURE, FIXTURES AND EQUIPMENT ($475,000 value): Range equipment, Displays, Computers and updated pos system, Desks, Chairs, Forklift, and all other equipment used in the conduct of business.
d. ALL INVENTORY: firearms, ammunition and accessories
e. a very aggressive NNN property lease of $12,000/month for 5 years

OPTION 2) $5,500,000
Alternatively, exactly as above, but also INCLUDING the real estate ($3,100,000 value).