MergerPlace

Outdoor Sporting Goods in Resort Area

Idaho


  • Asking Price: $315,000
  • Gross Income: $817,802
  • Cash Flow: $83,745
  • Real Estate: Not Disclosed
  • Inventory: $158,333
  • FF&E: $56,045
  • Listing ID: #203980
  • Established: 1987
  • Employees: 2 FT/5 PT

Business Description

If you have a passion for mountain biking, skiing and other outdoor adventure activities, this is a great opportunity for you to support your lifestyle! An understanding of business especially customer service, product selection and purchasing, inventory management, and organizational skills are helpful. And, of course, you must have the desire to live in a resort town where people are friendly and outdoor living is de rigueur. A local icon operating for over 30 years, the business caters to the discerning outdoor sports enthusiasts in this mountain resort area.

During the riding season, (April through October typically), the company sells, rents and services mountain bikes and related accessories. During the winter, November through March, inventory consists of Alpine and Nordic skis, gear, clothing and accessories.

With an insider's understanding, company staff cater to target markets including the hard-core outdoor sports enthusiast as well as the tourist shopper seeking high quality gear to use on the trails. Additionally, management and staff are walking bill boards using and wearing the brands sold by the company which inspires conversations and a reputation for expertise. The company is a strong supporter of local community events including sponsorship, event planning and participation. This tends to build a positive reputation as the "go to place" for service and top-quality products.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: Idaho

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT/5 PT

Financial Information

Asking Price: $315,000
Gross Revenue: $817,802
Cash Flow: $83,745
FF&E: $56,045
Inventory: $158,333
Seller Financing Available: Yes

Property Information

Facilities:

The store is located in a mountain resort that is a preferred mountain biking and skiing destination. The location has easy access from the main thoroughfare and ample customer parking. The monthly lease payment is $1,550. The building is owned by a local landlord and the seller expects that a new owner will receive similar, favorable terms. Peak Season: 9:00 am to 6:00 pm Monday through Saturday. Sunday 9:00 am to 5:30 pm. This typically begins on Thanksgiving weekend when the local ski resort opens and runs to approximately April 15 when the resort closes for the summer and begins again mid June through Labor day. Non-peak Season 10:00 am to 5:30 pm Monday through Saturday. Sunday 10:00 am to 5:00 pm.

Growth & expansion opportunities:

The global retail market for sporting goods is expected to grow at a compound annual rate of 3.4% according to Lucintel, a global market research company, as reported in the First Research Industry Profile on Sporting Goods Stores NAICS 45111 dated September 25, 2017. The US retail sporting goods industry includes about 22,000 establishments with combined annual revenue of about $47 billion. Companies in this industry operate physical retail stores specializing in sporting goods, athletic and fitness wear, fitness equipment and related products. Major companies include Bass Pro, Big 5, Cabela’s, Dick’s Sporting Goods and REI. According to IBISWorld, the sporting goods industry has fared well due to strong demand from health-conscious individuals. More consumers have required athletic apparel, footwear and other sporting goods for fitness activities. Although time-strapped individuals sometimes find it difficult to incorporate fitness and sporting activities into a daily routine, rising health consciousness and per capita disposable income will spur demand for sporting goods. In a captive market, this company is well positioned to capture a strong percentage of this local demand.

Competition:

The company is highly involved in the community and customers feel inclined to support the store. Customers see that the company supports local events and races through prize donations, free rentals, or lessons and make the company their outdoor sporting goods store of choice. Additionally, the company hires staff members who are active in the sports the company specializes in. Customers view company staff as the experts and seek out their opinions and advice which builds great relationships and recurring customer revenues.

Reason for selling:

The owners are ready to get on their bikes, pack up their skis and head out for their next great adventure. Seriously, they have had lots of fun and they have some bucket-list things they want to do and running a business, even a fun one like this, requires management. So, they want to find someone to love and care for the business like they have or better.

Support & Training:

Will train for 4 weeks @ no cost. The company sells and rents bicycles typically from April through October, in addition to offering complete bicycle service. In the winter months, typically November through March, the company sells and rents Alpine and Nordic skis, clothing and accessories.

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Business Listed By:

Sheila Spangler

Murphy Business Brokers