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Old 01-29-2015, 11:49 AM
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St. Paul, MN -- Fairway Flyerz is For Sale [Twin Cities, MN Disc Golf Retailer]

St. Paul, MN -- Fairway Flyerz is For Sale

A new online-only disc golf retailer seems to be created every few months. In my experience, dedicated brick-and-mortar disc golf equipment retailers appear to be few and far in-between. Back in my day, this place was the closest dedicated retailer within a 250-mile radius from my hometown.

For me, Fairway Flyerz in Little Canada (St. Paul, MN) was the first equipment retailer I visited that had (nearly) all manufacturers, all molds, all weights, portable baskets, etc. When I first walked throught the doors of this establishment, I was like a kid in a candy store. Then when I went to Gotta Go Gotta Throw, I had to file for bankruptcy (buudum-cha).

Fast forward like ten years: Through my frequent visits to Fairway Flyerz, I had a half dozen conversations with owner guy (Mike). Learned a little about the game, listened to stories about owner guy's wall hangers, found about what's happening in the MSP disc golf scene.

Hopefully this business sale is just a 'changing of the guard.'

LINK:
http://minneapolis.craigslist.org/ra...867921181.html

Photo of CraigsList posting attached, as the link will expire soon.
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Old 01-29-2015, 11:51 AM
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Old 01-29-2015, 11:54 AM
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Would be nice if he posted what he's looking to get for it.
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Old 01-29-2015, 01:10 PM
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Sounds like it only includes the one store and not all his little pay to play stands that he has contracted with specific parks and rec people at some of the courses in the area. I would be weary of this shop. GGGT is clearly putting this shop, which is only centrally located between courses but not at any course out of business.
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Old 01-29-2015, 01:17 PM
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The nearby Acorn course renovations will likely increase player traffic in the area beyond its already high levels. Owner has long term family matters to handle that require moving out of state for some time. Kiosks at courses are on year-to-year contracts and could potentially be renewed by new owner in negotiations with cities.
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Old 01-29-2015, 01:23 PM
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Aim For The Chains Aim For The Chains is offline
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Quote:
Originally Posted by steinkecm View Post
Would be nice if he posted what he's looking to get for it.
I believe around $250k ...

http://us.businessesforsale.com/us/S...-For-Sale.aspx
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Old 01-29-2015, 01:30 PM
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Quote:
Originally Posted by Aim For The Chains View Post
Does it include the building? Wonder what expenses are.
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Old 01-29-2015, 01:32 PM
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I would be more interested in the inventory and contracts with the local parks over the shop itself. I would then find a more centrally located business location with small retail space/cheap rent.
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Old 01-29-2015, 01:34 PM
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Quote:
Originally Posted by Aim For The Chains View Post
That's inordinate.

I understand that there's a possibility for a $250k per year revenue, but that does not mean that's what the business is worth. According to that website, it's worth upwards of $36,000 plus taking over a lease. Obviously, it's inherent, appraised worth would be higher than that, but no smart investor is going to give him $250,000 for the business; rather no bank is ever going to back a small business loan for that kind of capital with so little opportunity to pay it back, even at a sales base of $250,000, which is fairly high, considering business slumps from November to April, no matter if you're open every day in the winter or not.
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  #10  
Old 01-29-2015, 01:48 PM
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Aim For The Chains Aim For The Chains is offline
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Quote:
Originally Posted by BirdieMachine View Post
Does it include the building? Wonder what expenses are.
nope.... I imagine Roseville taxes alone off rice st is a real nice bill'
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