In this episode, the hosts analyze a Colorado gun range and retail shop listed at $2M, diving into regulatory risks, slim margins, and whether the business is worth its heavy inventory investment.

Business Listing – https://www.tworld.com/agents/charleymitchell/listings/turnkey-and-established-gun-range-and-shop

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The team reviews a 40-year-old turnkey gun range and retail shop in Colorado listed for $2 million. The business reports $2.7M in revenue and $460K in SDE, supported by nearly $900K in inventory and a team of 13 employees. With seller financing available and a retiring owner, the opportunity comes with both operational history and growth potential.

Key Highlights:
- Asking price: $2M with $460K SDE on $2.7M revenue
- Nearly $900K in inventory—likely included in price
- Regulatory risk: environmental hazards, FFL complexity, shifting gun laws
- Margins: Firearms have little to no margin; profits come from accessories and range
- Nearby competing listing offers leaner ops with higher returns

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