Hawaii Sporting Goods Retailer - Absentee Ownership - Price Reduction
An exciting and well stocked outdoor products and tactical gear retail store in Hawaii with a great corner location, plenty of free customer parking and close to many customers is offered for sale due to the relocation of its military service owner. It is currently run on an “absentee” basis with a hired manager.
They offer the finest tactical and outdoor gear in the world. Their primary customers are outdoor enthusiasts, military, police, first responders, campers, hikers, fisherman, and shooters. They have an attractive store, productive retail business model and a great retail team which has been running the business during the owner’s absence.
They offer a premium selection of boots, knives, gloves, uniforms, outdoor and camping gear, flashlights, tape, rope, backpacks, hammocks, tents, sleeping pads, machetes, hunting gear, military surplus, and many other items from a wide array of high-quality suppliers. They also carry a wide selection of pistol and rifle ammunition for various calibers. They carefully select everything in the store to match up with what active duty and retired soldiers, police and the outdoor enthusiast needs.
The owner of the store is an active duty military serviceman who is now stationed elsewhere in the world and must manage the business on a long-distance absentee basis. Due to his absence the store is currently only open 59 hours per week and is not operating at the same sales performance level as when he was the active Oahu based owner-operator. A new owner-operator should be able to increase store hours by 39% and provide better management which should result in significant increases in sales and profits.
Listing ID: HI – Gear T
Location: Oahu, Hawaii
Year Established: 2014
Operating Hours: Monday to Friday: 10 am to 7pm
Saturday and Sunday: 10 am to 5 pm
Currently only 59 hours per week
More normal retail hours would equal about 82 hours or 39% more.
Asking Price: $35,000
Inventory averages about $70,000.
Tangible Assets: $4,500
Non-Compete: 5 years
Training: 1 week; 30 hrs./wk.
Sale Reason: Owner had to relocate.
REAL ESTATE/LEASE DETAILS
Status: Lease, expires 10/31/19, renewable
Monthly Rent: $3,960 per month plus GET + CAM; ($66,444 per year)
Sq. Ft.: 1,595
Productively laid out retail space in a highly visible corner location in a large shopping center on a major highway. Plenty of free parking. Close to many customers
There are several growth opportunities, including:
Active management by an on-site owner-operator.
Bidding on government contracts.
Expand product line.
Targeting customers on the other Hawaii island via their website.
Open for more hours per week.
The business is being offered fully turnkey at the attractive Asking Price of only $35,000 plus the value of Inventory of goods for sale at closing, estimated to be about $70,000.
Full business and financial information, including other growth opportunities, are detailed in a detailed 30+ page Confidential Business Profile which we will be happy to send to you. This is a great way to live and work in Hawaii and to enjoy your passion for the outdoors.