World-Class Firearm Facility in Chicago Area

Industry

Recreation

Company Type

Sports Facility

Location

United States

Size

$44,000,000

Investment Type

Equity/Debt

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Helping Great Companies Grow

Overview

LIVES Training Institute is seeking a $44 million senior loan to build a 157,200 SF world-class law enforcement and firearm training facility in the Chicago area.

Equity  $7.5 million (already identified)

Senior Debt  $44 million (85% LTC)

Total Cost  $51.5 million (including $5 million valuation of existing business)

  • State of the art shooting ranges and high-tech training simulators
  • Premier destination with world class amenities
  • Excellent location accessible by a well-developed transportation network
  • Expect to earn the designation of NSSF Five-Star shooting range with world-class amenities
  • Due diligence, all permits, licensing, architectural, environmental and zoning are completed; ready to start construction
  • Extremely strong management team
  • two senior principals have combined 40+ years in the firearms industry
  • aligned towards successful and profitable business
  • Management contributing existing, profitable firearm business at $5 million valuation
  • New facility expected to open 12-14 months after funding
Helping Great Companies Grow

Opportunity

  • The firearm industry has rapidly recovered from the recession and become a leading contributor to economic growth in the United States
  • According to the National Shooting Sports Foundation over 30 million people in America enjoy some form of shooting sport
  • the largest segment of the shooting sports group nationally consists of hunters
  • competition shooters are the next largest segment, shooting a variety of disciplines: IDPA, USPSA, Skeet, Trap, etc.
  • more participation by women and younger people is increasing demand for advanced technical training program
  • Selected location for LIVES is in the Chicago metropolitan area, the third largest in the country with over 9,000,000 people
  • Low investment by the United States Department of Defense on shooting range simulation and training for law enforcement is increasing demand for live-fire training systems provided by the private sector
  • In 2013, the State of Illinois approved concealed carry laws, causing a projected $1.1 billion market by the end of 2020 with a projected Compound Annual Growth Rate of 8.35% from 2015 to 2020
  • There are relatively few premiere shooting ranges in the country, and no 100-yard indoor rifle ranges
  • High entry barrier in this industry due to strict regulation from safety agencies and local governments
Helping Great Companies Grow

Solution/Strategy

  • Plan to earn the designation of NSSF (National Shooting Sports Foundation) Five-Star shooting range with world-class amenities
    • 25,000 sq. ft. Retail Store
    • (30) 25-yard Pistol Range Positions
    • (10) 25-yard Tactical Positions
    • (15) 100-yard Rifle Positions
    • (5) 40-yard indoor Trap Lanes
    • 3,500 sq. ft. SIM Training Town
    • 1,500 sq. ft. Law Enforcement Tactical Training House
    • (2) 310-degree Virtual Simulators
    • (2) 50-person Classrooms
    • Lounge and Conference Rooms
    • Two Metra rail cars for law enforcement training
    • 5-star VIP amenities and memberships
  • Bigger range of products and services than local competitors
  • Comprehensive safety and compliance program to eliminate injuries and potential business liabilities – compliance with all applicable OSHA and EPA regulations
  • Competitive pricing on products and other items
  • Clean, bright and HEPA filtered training environment with café/food services and meeting rooms to attract family and female participation
  • Online and off-line advertising and marketing methods, including media, social events, promotions, etc.
  • Full compliance with building and zoning requirements has been established and confirmed with Naperville (Chicago suburb)
Helping Great Companies Grow

Management

Eleana Gonzalez-Bevis

President and Managing Member

Over ten years in the firearms industry. Experienced in managing distributor relationships, Federal and state licensing and federal record keeping. President and Managing Member of the National Rifle and Pistol Academy. Principal of Law Weapons & Supply, Inc. responsible for building and maintaining business operation and ongoing external relationships. Maintains all aspects of Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) licensing and federal firearm record keeping requirements. Under her leadership, there have been no ATF violations, and her reputation is unblemished in the law enforcement and regulatory communities. Managed an American Lenders Service Company branch in Chicago. Managed Condor Investigations.

Robert Bevis

Chief Executive Officer

Over 35 years in the firearms industry. Knowledgeable in firearms and strong relationships with Federal, State, and local Agencies. Licensed private detective, a certified Master/Journeymen gunsmith, and a highly trained firearms instructor. Currently owns and operates Law Weapons & Supply, Inc. and Strategic Investigations & Executive Protection, Inc.

Currently holds an impressive array of federal licenses and certifications:

  • Certified Journeymen Gunsmith
  • Certified Master Gunsmith
  • Licensed Private Detective
  • Licensed Federal Firearms Dealer
  • Licensed Federal Firearms Importer
  • Licensed Federal Firearms Manufacturer
  • Licensed Federal Firearms Class 3 NFA Licensee
  • NRA Certified Instructor (Pistol, Rifle, Shotgun, PPOTH, PPITH, CRSO)
  • Certified Law Enforcement Firearms Instructor (Pistol, Rifle, Shotgun)
  • Certified Chief Range Safety Officer
  • Multiple Firearms Instructor Licenses
  • Search & Seizure / Handcuffing Instructor
  • IL Concealed Carry Firearms Instructor
  • Competition Shooter with the IDPA and USPSA
  • Advanced Carbine Instructor
  • Certified Live-Scan Fingerprint Tech
  • Quick-Clot Combat Gauze Certification
  • First Aid/CPR Certified Instructor by the National Safety Council
  • AED (automated external defibrillator) Certified

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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