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SE Michigan

  • Listing No.: 217-20509

  • Category: Wholesale

Asking Price $1,000,000
Down Payment $500,000
Gross Revenue $500,000
Total Adjusted Net Income $150,000
Equipment / Fixtures $1,000
Year Established 2004
General Location SE Michigan
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This company has been providing Rifle Scopes and Archery Scopes to both dealers and end users under their Registered brand name for the past 17 years. The Company's proven and reliable over-seas supplier has consistently provided quality products, low defects, excellent support and new product design capabilities. The business is easily relocatable and has a tremendous amount of growth potential. Owners are fully active in the business with no employees. The Company sells primarily to dealers with a small portion of online sales. Significant opportunities exist for a strategic buyer currently in this or related markets, or a technically knowledgeable buyer with a growth mindset who can take this from a lifestyle business to a larger operation. The ideal Buyer has a dealer and distributor network in the outdoor industry who can capitalize on adding a solid brand name in the optics category. The business may also be suited to a Buyer with aptitude and skills in hunting, firearms, or optics who has significant working capital for inventory and growth, a desire to learn about and develop dealer channels, and strong marketing and business expertise to capture business that the owners elected to let go. While there are several brands of scopes on the market, the Company operates profitably with virtually no advertising and enjoys 100%+ markup. Sellers feel they can show a new owner how to grow this business several times over with a modest investment. They have done this in the past, but then opted to remain small in order to run it without employees. Contact the broker, Ken Lee at 248-218-2630 to learn more about this opportunity, the Sellers, and the expertise they have to share!

Gross Revenue $500,000 Listed Price $1,000,000
Total Income $150,000 Down Payment $500,000
Base Rent $1,450 Square Feet 3312
Total Rent $1,450 Lease Expiration
Rent Deposit $1,450 Lease Options
Inventory Not Included Leasehold Improvements $0
Equipment / Fixtures $1,000 Other Assets Warehouse furniture, computer
Full-Time Employees Training Period 2 Weeks
Part-Time Employees Special License Required No
Contract Staff 1 Reason for Selling Retirement and health

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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