The company is a retail/consignment store that buys and sells high-end, gently used outdoor gear and clothing. It focuses on human powered gear & clothing items for biking, hiking, skiing, snowboarding, snowshoeing, camping, climbing, rafting, kayaking, fly fishing, surfing and other outdoor activities.
- Asking Price:
- $420,000 Furniture / Fixtures included
- Sales Revenue:
- $878,710
- Cash Flow:
- $284,236
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates from a leased space with main retail space 3,226 square feet, storage area of 901 square feet, and office of 300 square feet in a building. Currently, the company pays $5,000 per month on a gross lease which includes all utilities (except for phone and internet). Lease includes use of the parking lot. It is anticipated that the landlord will work with a new owner to negotiate acceptable lease terms.
Business Operation
- Expansion Potential:
-
The Outdoor Industry is one of the fastest growing segments of retail! Nearly half of all Americans participated in at least one outdoor activity in 2019, and that number keeps growing. That number equates to 142.4 million participants, who went on a collective 11.7 billion outdoor outings. In the US, outdoor recreation retail sales represents a 126 billion dollar a year market and continues to grow as Americans seek a healthier, socially distanced, & environmentally conscious lifestyles. Additionally, this business has a proven model in a growing location. A new owner will be positioned to capitalize on this growth.
- Reasons for selling:
-
The current owners are looking to sell so they can focus on other opportunities.
- Trading hours:
-
Monday-Saturday 10-6pm
- Employees:
- 3 FT/7 PT
- Years established:
- 12
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
An individual who is experienced retail, hospitality or service oriented or related complementary customer-centric businesses is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience, and a general business background would be very helpful. If you have management experience, and 20% of the purchase price in cash (or in your IRA or 401k)* for a down payment, this business could be yours.
*Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$54K down/$30K over 60 mos. @ 8% / Other Financing.
- Furniture / Fixtures value:
- $12,000 - included in the asking price
- Inventory / Stock value:
- $26,725
- Relocatable:
- This business can be relocated.
