Gun and Ammo Shop For Sale

[the jeff]

http://providence.craigslist.org/bfs/1035472299.html

providence
Business #: NEHZ98FS
Year Established:
Reason Selling: owner moving to Florida pursuing political career
Growth/Expansion: Build a website. More business hours. The owner currently only runs the shop about 7 hours a day.
Business Summary

This is a unique gun shop in the metropolitan area. Owner currently only operates 7 hours a day yet generates over $60,000 in owner's cash flow. Just across the street, a new Rite Aid is being built. This will significantly enhance the traffic. Owner is moving to Florida pursuing political career and needs to sell this business quick. Low multiple price includes $48,000 in sellable inventory.

Financial Information

Asking: $259,000
Asking Comments:
Cash Flow: $62,000
Cash Flow Comments:
Gross: $184,000
Gross Comm.: 2006
Assets:
FF & E:
FF & E Comm.:
Inventory: $48,000
Inventory Comm.:
Inv. Incl.: Yes
Financing: No
Financing Terms:
Wkly Payroll:
Wkly Payroll Comm.:

Pictures




Lease Information

Months Remaining:
Rent:
Option To Renew:
Option To Buy:
Square Footage: 688
Monthly Expenses

rent 1465
advertising 476
automobile and truck 385
delivery and freight 95
bank charges 34
dues and charges 33
office expenses 39
phone 172
utility 439
alarm expense 18
merchant fees 289


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I wonder what the deal is with this shop. Scam?

 

[Cross-X]

Political career in Florida?

 

[lord1234]

do FFL licenses transfer as well?

 

[EddieCoyle]

Group buy!

 

[drgrant]

Political career in Florida?

Apparently FL still has a burgeoning corrupt hack market. Or maybe he's trying to get in after one of those gets kicked out of office. Apparently down there you can wait 5
minutes and there will be a seat to be filled. Parts of FL are pretty corrupt, apparently, but at least they allow you to defend yourself.

-Mike

 

[terraformer]

Well, the cash flow is only $60K which is not huge by any means. It is a really small shop (688 SQ FT) and is likely a good investment for a retiree who wants something to do that brings in cash. Maybe Yelena knows which one this could be????

 

[Eye5600]

Parts of FL are pretty corrupt, apparently, ...

Whereas Providence is still true to the morality of Roger Williams?

 

[Ham Slam]

The only shop I knew of in Providence, was one that was located near route 6 near. It was crappy and way over priced, and the last time I drove past it the place looked empty and there was a for lease sign up.