This business provides sports clothing, athletic footwear and equipment to many youth and sports teams, as well as to the general public in Central Texas. There is an online store also, which represents strong upside potential for a new owner. The screen/graphics printing business fulfills the printing needs of the sporting goods store and serves many other businesses and organizations in the local area. Both the sporting goods and screen-printing businesses are combined for all financial reporting.
- Asking Price:
- $1,200,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,277,614
- Cash Flow:
- $423,034
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
There are 2 separate facilities which are leased from related entities that the sporting goods store and the screen/graphics printing business operate in. Both properties, one of which is a multi-tenant retail property, are available for purchase as well.
Business Operation
- Expansion Potential:
-
The owner feels that increased digital and traditional marketing efforts, as well as building the online sales portal, will allow a new owner to continue to increase revenues and profitability.
- Competition / Market:
-
Over the past five years, the Sporting Goods Stores industry has experienced strong demand from health-conscious consumers as sports participation has increased, requiring more athletic apparel, footwear and other sporting goods for their fitness regimens. Further, alternative exercise methods have gained popularity, with many individuals participating in CrossFit and yoga, stimulating demand for related sporting goods, apparel and footwear. According to the American College of Sports Medicine, one of the most popular fitness trends includes fitness classes for older adults, increasing demand for athletic apparel, footwear and ergonomic sports equipment from this demographic. Industry revenue is expected to increase an annualized 3.0% to $64.2 billion over the five years to 2023 as the industry continues to expand, including 0.2% growth in 2023 alone.
- Reasons for selling:
-
The owner is looking to transition the business to a new owner so that they can begin their retirement years.
- Trading hours:
-
Monday-Friday 9am-7pm
- Employees:
- 4 FT/3 PT
- Years established:
- 45
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Furniture / Fixtures value:
- $513,376 - included in the asking price
- Inventory / Stock value:
- $333,704 - included in the asking price
