Business for Sale

An Established Gun Shop & Indoor Range, SBA Financ

Businesses for Sale in Illinois, Entertainment & Recreation for sale

Business Id :         BSM460

Location :               Illinois > McHenry > NW Suburbs

Category :              Entertainment & Recreation >

1 of 2
Business Detail
Asking Price : $235,000
Sales revenue : $473,000
Inventory : $74,000
Cash Flow : $126,000
Status of Business : For Sale
Relocatable : Yes
Business closed : No
Home based : Yes
Employees : 0
Year Established : 1977
Summary :
This business has been a mainstay in the community for over 30 years. Providing retail sales of new and used firearms and an indoor pistol range. It is supported by local law enforcement, shooting clubs, the Scouting community, gun enthusiasts and hunters. The range is a well known stop and has drawn customers from both Northern Illinois and southern Wisconsin since it opened in the mid 70's. This is a truly unique opportunity to own a well known and established business and carries a very nice opportunity for expanding the services and retail products sold to its large list of long-time customers. If you have been looking at business listings, you know that very few businesses are actually strong enough to be pre-approved for an acquisition loan. A lender must thoroughly review the financial performance of the business and be convinced that a buyer would be successful under current and likely future conditions. Please keep in mind that lenders will not pre-approve a business for SBA financing unless it demonstrates a proven ability to service debt and provide a reasonable income for the owner. The ability to simply service debt (or "pay for itself") alone isn't sufficient, lenders know that the buyer's enthusiasm and energy will also be required and that isn't likely unless the business is also capable of providing a reasonable income to the buyer. 20% down for a business that has grown by more than 30% during the last two miserable doesn't take a rocket scientist to know that this will go fast. Get your FFL and get an Offer on the table!

This 3000 sq.ft facility is located along a busy State Route and allows easy access. It consists of a retail sales area, gun repair workbench area, office and complete indoor pistol range. Rent is very reasonable at $2,355/mo including taxes!
Business Competition :
This is a unique combination of new & used retail pistol, shotgun and rifle sales along with a complete indoor pistol range. The indoor range provides continuing cash flow throughout the year and draws both buyers and sellers of new & used firearms year around.

Business Expansion :
The retail sales area is large enough to support the sales of additional hunting paraphernalia, such as knifes, and bowhunting as well as paintball firearms and supplies. Packaging gun purchase & NRA certified instruction services for local high-end residential customers could add considerably to growth.

Reasons for Selling :
Busy, growing...retail burnout! Can you believe some owners resist growth?
The bank loves this business...SBA lender in-place! Only 20% down, 10 years to repay!

Uploaded Documents:

Available upon Request.

Contact Information :
Name : Douglas T Walker
Phone No. : 847-526-9699
State : Illinois
County :
City : Fox Valley to Chain of Lakes
For more information about this business for sale, click the Contact Seller button.
Posted By:
Broker Name: Douglas T Walker
Broker Company Name: Sunbelt Business Brokers of Greater Chicago
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