Primary Category:Clothing & Accessory Stores for Sale
This Northern California based company is a California Sub-Chapter S Corporation and has been in business for 77 years and under current ownership the last 25 years, serving the local community with all types of sporting good needs. Specializing in Snowboarding, Skateboarding, Wakeboarding and clothing and accessories they have some of the best selections that can be found in the areas they serve. They have a full-service rental and repair facility for snowboards, skiing equipment and other outdoor equipment as well. They also are the general sports headquarters for Baseball, Softball, Football, Soccer, Basketball, Volleyball, and other sporting items. The have a large selection of various sports equipment, and one of the widest selections of athletic shoes in the county. They are operating out of 2 locations - one in Northern California and one in Southern Oregon, with the Southern Oregon location starting in the fall of 2005. They have a rental income as well for snowboards, skiing equipment and other outdoor equipment and apparel. From the Southern Oregon location, they can do customized embroidery and screen printing that services both locations for customized clothing needs. Both locations are centrally located to several ski areas, dozens of lakes and rivers and a plethora of spectacular skate parks. The Sellers spend very little time at the Southern Oregon location; therefore, the combined business is semi-absentee run. They belong to an Athletic Buying Group, which allows them to get great pricing on goods and rebates that go against cost of goods sold.
Customers vary from kids, adults, sports teams, athletic enthusiasts, vacationers, etc. While winter months are their strongest season, they still have strong sales in the summer months due to the centrally located position to many vacation areas. There is competition in the market, but when it comes to snowboarding, skateboarding, wakeboarding, and outdoor apparel they are the top of the selection. Their reputation for service and product offerings is well known. They are highly respected by their vendors and the retail community. You are basically getting 5 businesses under 1 roof: Retail, Trophy & Awards, Screen Printing and Embroidery, Team Sales and Rental. Growth can be obtained by increasing marketing and expanding more beyond a board shop to other sporting areas like biking, kayaking and other outdoor sports. Expansion into other colleges, high schools and teams for uniforms and equipment could boost sales revenues even higher. Hiring additional outside salespeople to service the surrounding large geographic area is possible.
Financial Information
$2,499,000
Asking Price
$536,792
Cash Flow
$2,645,176
Gross Revenue
Business Location
City:
Northern California
State:California
Reason for Sale
Seller wants to pursue other ventures.
Detailed information
Year Established:1945
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 13
Part-Time Employees:17
Contractors:N/A
Owner Worked Hours/w:N/A
Inventory Included: Yes
Inventory Value:
$500,000
Monthly Rent:
$5,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 10000
FF&E Included?: Yes
FF&E Value: $400,000
Training/Support
The Seller is willing to provide training for 4 weeks at 30 hours per week. Seller is willing to train for a longer period at mutually agreed upon terms with the Buyer.
Facilities
Days Open: Monday - Sunday
Hours Open: 8:00 am to 6:00 pm
Lease Expires: 12/31/2025
Lease Miscellaneous: 2 locations - 5000 sq ft each, $2500/monthly rent
Market Outlook/Competition
There are competitors in the Snow Sports and Team Sports industry. In the Snow Sports, there are some that are over 50 miles away, so they are not real competition or they are too niche. In the Team Sports, there are some competitors, but they don't offer the extensive services. Due to the location of the facilities, they are the prime go to location in their regions served.
CA 02100708
NV 1003039
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