How Private Equity Is Buying Up Gun Range and Shooting Clubs

Private equity has quietly consolidated shooting ranges and gun clubs across the United States, turning local hobbyist spaces into profitable chains. In this episode, Lucas and Luna break down the numbers: about 300 ranges have been acquired since 2020, led by firms like RangeReady and FirstPoint. They explore the economics — recurring membership revenue, ammunition sales, and NRA-backed insurance — and why this corner of the 'sin economy' is drawing institutional capital. Lucas walks through the roll-up playbook: centralize procurement, standardize safety training, and add high-margin retail. Luna asks about regulatory risk and the optics of PE buying firearms-related businesses. The episode closes with a look at whether this consolidation changes the culture of shooting sports — and what it means for small independent range owners. #PrivateEquity #RollUps #GunRanges #ShootingClubs #FirearmsIndustry #RangeReady #FirstPoint #BusinessConsolidation #MembershipRevenue #SecondAmendmentBusiness #Buyout #PE #BusinessPodcast #FexingoBusiness #Finance #Economics #Acquisitions #ShootingSports Keep every episode free: buymeacoffee.com/fexingo