Want to receive this listing in your inbox? Signup for our weekly newsletter:
Michael Girdley (@girdley), Bill D’Alessandro (@BillDA), and Mill Snell (@thegeneralmills) talk about a very profitable firing range with 25% Profit Margins in North Carolina.
We discuss the perks and benefits of operating one of these businesses and the importance of owning a Federal Firearms License.
We will also dig into the value of this deal and how this company staffs its locations, considering the seasonality and its relationship to the asking price.
Company: Very Profitable Gun Shop and Shooting Range
Location: Carteret County, NC
Asking Price: $388,000 | Cash Flow: $140,000
Thanks to our sponsors!
CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.
(00:00) - Introduction
(00:29) - Our Sponsor is CloudBookkeeping
(02:48) - Deal & financials: Very Profitable Gun Range with 25% Profit Margins
(04:32) - What’s so interesting about this deal?
(05:33) - What do we think about this deal?
(06:30) - How would we approach the lease situation?
(07:06) - Will this business last?
(08:29) - Why is a Federal Firearms Licensees (FFL) license important in this business?
(10:20) - Why does Bill think this is a coupon-style business?
(10:37) - What does the listing tell us about the Seller?
(12:51) - How is this business protected from institutional buyers?
(15:11) - What do we think about the staffing and seasonality for this location?
(15:55) - Tip for buying a business in the Firearms Industry
(18:47) - Would we buy this?
Additional episodes you might enjoy:
#151 - Should we buy this Pot Business Credit Card Processor?
#150 - Let’s buy a medical staffing business
#149 - Is this car spinner business a good side hustle?
#148 - Growth Marketing explained: Shopify Superfood Greens Brand with 40% subscription rate w/ Baller Jesse Pujji