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Multi-Location Sporting Goods Retailer on the East Coast

Southeast
  • Asking PriceNOT SET
  • Revenue$6,981,664
  • Ebitda$935,158
  • Inventory$3,500,000
  • FF&E$523,000
  • Real estateLeased
  • *Purchase price includes real estate
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CONTACT THE BROKER

Erik Sullivan web
Erik Sullivan
919-263-2550

Business Description

2022 Earnings on Track to Exceed $2 million

This company is one of the East Coast’s top retailers of name-brand outdoor equipment and apparel serving a highly targeted niche. This is not your average retailer.

The current owner has years of industry experience and will be staying on to continue growing the business. A previous Fortune 500 executive, he has achieved success by following a proven rapid growth strategy. The owner has identified key markets ripe for expansion that have been outlined in the marketing materials. To facilitate this growth, he needs a partner.

With several locations in desirable markets, an owner with decades of experience in the industry, and a proven business model with low competition and potential for aggressive expansion, this company is perfectly positioned to expand through a majority buyout.

Opportunity Highlights:
2022 EBITDA for existing stores is on track to exceed $2 million
New location launching Q4 expected to exceed performance of largest current store
Strong management team and dedicated employees in place
Several growth opportunities with unique business model
134% growth over the past three years
Long-term relationships with product manufacturers
Sophisticated inventory management system in place
Seller would prefer to stay on long term to help grow the company

Confidential listing. Detailed marketing package includes video overview, Confidential Information Memorandum, and access to data room upon signing Non-disclosure Agreement following initial buyer interview. To learn more, complete the inquiry form on this page.

INVENTORY

Included in asking price.

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price.

EMPLOYEES

20+

Competition

While some competition exists, this retailer’s unique business model creates a high barrier to entry.

GROWTH & EXPANSION

The company is ready to grow to the next level under new ownership. Growth comes primarily from opening new locations using a proven business model with systems and processes ready to plug in. Owner has plans for expansion into three markets over the next two years.

Reason for Selling

Owner would like to see the business grow to the next level and wants to work with the new owner to achieve that goal.

 
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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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