Sporting Goods & Active Wear

Financial Information

  • Asking Price: $950,000
  • Gross Revenue: $1,362,000
  • Cash Flow: $126,500
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $318,500
  • Inventory: $400,000
  • Financing: Yes

Business Location

  • North Carolina
  • North Carolina
Primary Business Category: Retail Trade

For 44+ years, this sporting goods and apparel business has successfully operated in the mid-atlantic region. Nominated on two occasions for Retailer of the Year. Known for its quality goods and exceptional customer service, this business has a strong reputation locally and nationally. It thrives in its business relationships, not only with its customers, but with its product providers across the country. Each product, from its sporting equipment, to its apparel brands and more, are curated by the best designers and manufacturers across the industry. The owner has consistently focused on high-quality products and exceptional employee training, to give customers the best experience possible in this particular niche. The owners operate two locations, employing between 8 to 17 employees at any given time. Both locations are equal in size, displaying sporting equipment, apparel, and accessories year round. The company maintains state of art technology for in-store customer purchases, as well as a current website, and social media exposure. Plenty of parking at both locations, plenty of exposure, and plenty of opportunity for the next owner with passion and energy to expand and grow this business. Strong Brand in place for this niche business. Real Estate not included, but can be discussed as part of the purchase plan.

Competition Description

Competition is strong in the retail sporting goods industry. This business stands out because of its long-standing history and positive reputation within the region. It has been consistently successful and survived various economic challenges, making it a stable business with room to grow.

Growth / Expansion overview

With a new owner comes new ideas. While this business comes with stability and a preexisting strong reputation, a new owner will have the opportunity to add fresh energy and added passion - taking the business to the next level.

Support / Training Comments

Current owners have agreed to provide the necessary support, training and consultation to facilitate the transition and onboarding of the new owner.

Financing Comments

Seller to consider some owner financing. Rent cost representing two locations.

Reason For Sale
Family business and owners are retiring.
  • Home Based: No
  • Year Established: 1975
  • Franchise: No
  • Year Acquired: 1975
  • Willing to Train: Yes
  • Relocatable: Yes
  • Required Licences: City Business License

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday thru Sunday
  • Hours Open: 10am to 7pm
  • Fulltime Employees: 8
  • Part time Employees: 9
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $17,400
  • Building Size: 4000 sq ft
  • Seats: 10
  • Parking: ample
  • Monthly Rent: $11,000
  • Lease Expires: 01/01/2020
  • Lease Miscellaneous: [email protected]

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Business Listed by

Sunbelt Hampton Roads

Contact: Gary Layne
Office Phone: 757-557-0006
Mobile Phone: (757) 652-1225
Listing ID: HAMPTVA001-N1650

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