Sporting goods & services business with real estate
Asking: $ 1,698,500
Annual gross revenue: $ 829,000
Annual net cash flow: $ 177,300
Furniture, fixtures & equipment: $ 125,000 (included in the price)
Inventory: $ 250,000 (included in the price)
Summary: this long-established retailer of sporting goods and services also sells sports uniforms, trophies, banners and promotional materials and provides sports-related services. Much of the sports gear and clothing can be customized by their high quality graphics and large format digital printing equipment. The company enjoys lower wholesale costs of goods by virtue of its membership in a national co-op organization that maximizes its purchasing leverage, keeps it informed on industry trends and developments and streamlines ordering and payment procedures. This fixture of its community has close relationships with the schools and teams in the area. Its customer base includes individuals, companies, corporate teams, leagues, schools and community colleges. In-house services offered include screen printing, embroidery, laser engraving of trophies and plaques, signs, banners, decals, ad specialties and related, batting cages, etc. Its strategically located site enhances the value of the business. This is a package offering of the business and the real estate and the asking price includes both.
Location: it's on a main arterial, in a suburban city within the san francisco bay area's east bay region.
Facility: approximately 5,300 sq. Ft. Main building houses retail, administrative and operations functions on a 26,136 sq. Ft. Lot. In addition, there is approximately 2,539 sq. Ft. Of second level unfinished space. There is also approximately 1660 sq. Ft. Of detached shop. An additional 12,400 sq. Ft. On the property is used for related services provided to customers and for parking.
Growth: an energetic new owner will find exceptional opportunities for growth. The business has been built so far with virtually no marketing effort beyond its website, boosted primarily by word-of-mouth including yelp reviews and the practice of working closely with local schools and sports teams. But sales can be increased just by increasing the days and hours open for business. The market area's sustained population growth, 'gentrification' and increased interest the health benefits of exercise activities will stimulate sales.
Competition: the other sellers of sporting goods in this region are primarily 'big box' chain retailers. There are none of them in the local marketplace, and none of them can compete with the company's lower prices, quick turnaround on orders, and on the unique services offered by the company.
Support: subject to negotiation, the seller will provide orientation, training, introductions, etc. As may be required for the business' successful transition to the new ownership.
Established: the seller established this business in 1980.
Sale reason: after almost four decades in the industry, the owner/seller is retiring,
Financing: the seller may provide some financing to a well-qualified buyer with a substantial down payment.
Employees: the company operates with a staff of 2 employees, plus the owner/seller.