Description of the business for sale
One of the oldest sporting goods retailers in North Carolina is now available for purchase! Reseller of fine shotguns, premium fishing equipment and high end clothing. Sale due to legitimate retirement situation.
Long known as one of the finest retailers of high end sporting goods in the state.
Due to State and Federal Legislation competition is limited. However, consumers have multiple options in the market and the right buyer will adopt a competitive pricing strategy and update the product mix.
Name and location are widely known going back three generations. Buyer should have marketing and product selection experience as updating everything from the merchandising to marketing will lead to dramatic gross and net profit gains. E commerce a real possibility! Current store hours are Tuesday-Friday 9-6, Saturday 9-1, Closed Sunday and Monday.
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Support / Training provided by seller
Seller will provide transition assistance to include management during Federal Firearms License (FFL) application process.
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Description of the facilities
Located in this location since 1958. Building is owned by a related entity and is available for purchase at $510,000. Seller will consider renting at $3,000 per month triple net with first and last months rent deposit or rent to own with $4,000 a month payment for 3 years with $1,500 per month accruing towards purchase. Closing price to be determined using base price of $510,000 plus 3% per year. Anticipated monthly mortgage payment based upon 20 year term, 8% rate would equal ~ $4,128 per month.
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