favorite
favorite
hide
unhide
flag

Posted

print

THRIVING USED SPORTING GOODS Business in Southwest Colorado - $275,000 (Montrose)

THRIVING USED SPORTING GOODS Business in Southwest Colorado 1 thumbnailTHRIVING USED SPORTING GOODS Business in Southwest Colorado 2 thumbnail
THE BUSINESS AND REAL ESTATE NEXT DOOR JUST SOLD FOR $650K!

BRING ME A BUYER AND I WILL HAND YOU A $2500 FINDER'S FEE AT CLOSING!

This is not easy work, but if you keep working this business as hard as I do - you will continue to net $150K... OR BETTER!

facebook.com/TheUsedSportingGoodsStore

Owned and operated by one (59 years young) man - working 40-50 hours weekly behind the scenes and on the front lines - retail business hours total just 26 hours weekly (Mon, Thurs, Fri 1PM-5PM, Sat, Sun 10AM-5PM).

We had our ONE YEAR ANNIVERSARY on 11/24/23!

Currently, there is more than $250K worth of inventory, equipment and fixtures - and that amount will be guaranteed at the time of transfer.

From 2017-2022, 100% of our revenue came from 'online-sales' (boosted by COVID). 2023 'brick-n-mortar' operations quickly eclipsed those sales - largely due to a local market ripe for hard-to-find and gently-used outdoor gear and sporting goods at reasonable prices, little to no 'real' competition and a still very loyal following of customers dating back to 2014.

RENTALS - paddleboards, snowboards, XC skis, climbing gear, river/snow tubes, kayaks, inversion tables, gym equipment, etc... provide an additional revenue stream that will continue to grow over time. Many of those rentals are 'converted' into sales.

Currently operating from a 1200sf commercial building (with pseudo-apartment, ONE 40'X8'X9' shipping container, TWO 20'X8'X8.5' shipping containers and TWO 22'X8'X9' steel buildings with roll-up doors) with extremely high traffic exposure. The shipping containers and sheds include heavy duty pallet racking and shelving that are appurtenant to those structures - not the business.

Business, equipment, fixtures and inventory can be purchased for $250K CASH or $275K with partial seller financing (Seller might carry $55K at 4% interest amortized of 15 years with a 5 year balloon payment) for the right buyer/right circumstances (includes 80 hours of training/support - beyond that, additional support/consultation is available at a $25 hourly rate). THIS BUSINESS IS DEBT-FREE!

MIGHT CONSIDER A 51/49 PARTNERSHIP WITH A $150K BUY-IN... IF YOU CAN LIVE WITH ME CALLING THE SHOTS AND MATCH MY WORK HOURS AND WORK ETHIC, WE CAN SPLIT THE PROFITS MONTHLY AND AGAIN WHEN WE SELL THE BUSINESS LATER.

Building and structures can be purchased for $287K with partial seller financing (the property next door just sold for $650K).

Business and building can be purchased together for $475K with partial seller financing (Seller might carry $150K at 4% interest amortized over 10 years with a 5 year balloon payment).

Building/Structures can be leased for $1600 monthly + utilities/maintenance for 12 months, or month-to-month for $1900 + utilities/maintenance.

Seller might consider a 12-month 'lease-option' scenario for the real estate with $25K down (non-refundable) and $1,600 monthly ($500 monthly credit towards purchase price).

COMPETITION? NONE TO SPEAK OF... the only other shop in town offering any 'used' sporting goods and outdoor gear was started and sold by 'yours truly' seven years ago to a very lovely couple that shifted their focus to the very profitable 'rental' market for WINTER GEAR ONLY - they now offer very little in the way of locally accessible 'used' inventory. In fact, on 7/28/23, they announced on their FB page that they have "CLoSeD the doors to Summer forever!"
They were kind enough to sell me ALL of their NEW AND USED SPRING/SUMMER/FALL SPORTING GOODS INVENTORY. They now close their doors mid-April and reopen October 1st... making us the ONLY used sporting goods store in a 50 mile radius and the LARGEST used sporting goods store on the western slope. Their business (970SportsRewind) can now be purchased for $650K (with no real estate)! Or, you can buy mine for $275K (or $475K with the real estate)!

This is not easy work for one person - ideal though for a 'couple', but you will still have to work hard to maintain the momentum and grow this thriving venture.

THIS THRIVING BUSINESS IS RIPE FOR REBRANDING! It is extremely rewarding both financially and emotionally and there is so much untapped potential. Imagine what you could do just by expanding retail hours from 26 hours weekly to 40-50 hours weekly???

Seller has a proven track record for starting and selling successful businesses.

LETTER OF INTENT, NDA AND PROOF OF FINANCIAL STABILITY/LIQUIDITY IS REQUIRED BEFORE ANY MORE DETAILS CAN BE SHARED...

More details can be seen here...
bizbuysell.com/listings/Profile/?q=2236627

Outdoor recreational athletic sport exercise workout golf tennis baseball softball surfing paddle board snow snowboard ski skiing skis sleds climbing skating helmets jackets mx motocross cross country downhill racing bike bicycle business opportunity biz op own your business be your boss western slope

post id: 7752040037

posted:

updated:

best of [?]

loading
reading
writing
saving
searching