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Windsports Retail + E - Commerce Prime Location
Location: United States -> Oregon
Industry: Retail > Other Retail




Business Summary

An exciting opportunity to own a growing profitable wind watersports retail business in the epicenter of windsurfing, kitesurfing and wing-foiling community. Sales have increased 300% since 2008, including 37% - 2019-2020, and 31% 2020-2021 by staying on top of the latest windsports trends. 7,000 sq ft retail store with 50% E-commerce business model. $600,000 of inventory included in this listed price.

The owner is seeking to sell the business to retire and is interested in ensuring a smooth transition to the new buyer.
The shop opened in 1984 during the early days of windsurfing. Current owner purchased in 2008 and saw the opportunity to grow the business by expanding into other product lines such as kiteboarding and wing-foiling. A brand-new website and E-Commerce solution was added to extend customer reach, now contributing 50% of sales and growing. A used equipment consignment program was also re-vamped and contributes to 25% of sales.
This shop is in the top five stores nationwide in its industry. One strong competitor is local, other shops are online based on the east coast. This is both a walk in retail and online shop selling several quality equipment brands plus accessories and roof racks
Growth opportunities through increased E-commerce sales and additional marketing to raise online profile further


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $3,188,505
Cash Flow:   $628,583
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $637,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1984
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  retiring




Print Listing Id: 700371086
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Also See: Franchise Opportunities > Franchise Resales > Oregon Businesses For Sale > Oregon Franchises For Sale > Oregon Business Brokers



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