Great opportunity to own a Niche Retail Sporting Goods Shop serving the hunting and competitive sport of Archery in the affluent Northern VA DC Metro Market. The business is very well known as there is virtually no competition in local marketplace. This business attracts customers from as far south as Richmond to as far north as Baltimore MD for product sales as well as professional service and repairs. The business has established vendor relationships with exclusive territory rights and over 100 product lines with favorable terms and incentives for purchasing inventory. The shop currently sponsors a local archery school and gets new customers with high dollar orders every year. There are other schools and events the current owner does not attend due to their family, which means there are more opportunities to sponsor for increased revenue and profits. The business has a large, loyal customer base that always seem to come back and buy more! The business offers police, fire & military discounts as well as layaway for its customers. The owner has a convenient, easy to understand cloud based POS System to track all sales, inventory and performance. The business has seen 20% growth in revenue in just the last 3 years with continued growth expected and a great opportunity to really expand the business. The owner has a simple business model that can easily be duplicated to open additional stores to serve untapped local markets. Take the business to the online world of ecommerce and see your revenue and profits soar! The business has been established for 20 years under the same ownership and is ready for a new owner to take over and bring the business to the next level. Don’t let this great opportunity pass you by!
Asking Price $184,995
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