This business has been a mainstay in the community for over 30 years. Providing retail sales of new and used firearms and an indoor pistol range, it is supported by local law enforcement, shooting clubs, the Scouting community, gun enthusiasts and hunters. The range is a well known stop and has drawn customers from both Northern Illinois and southern Wisconsin since it opened in the mid 70's. This is a truly unique opportunity to own a well known and established business and carries a very nice opportunity for expanding the services and retail products sold to its large list of long-time customers. If you’ve been looking at business listings, you know that very few businesses are actually strong enough to be pre-approved for an acquisition loan. A lender must thoroughly review the financial performance of the business and be convinced that a buyer would be successful under current and likely future conditions. Please keep in mind that lenders will not pre-approve a business for SBA financing unless it demonstrates a proven ability to service debt and provide a reasonable income for the owner. The ability to simply service debt (or "pay for itself") alone isn't sufficient, lenders know that the buyer's enthusiasm and energy will also be required and that isn't likely unless the business is also capable of providing a reasonable income to the buyer. 20% down for a business that has grown by more than 30% during the last two miserable years...it doesn't take a rocket scientist to know that this will go fast. Get your FFL and get an Offer on the table!
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