Henrico County gun range going out of business, citing market volatility (2024)

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A gun range on West Broad Street is closing next month, with its manager citing business challenges.

Colonial Shooting Academy will go out of business after Sept. 3. The building’s owners will sell the facility and auction off its contents. Colonial bills itself as the country’s largest indoor shooting facility.

The range opened in 2012 at 6020 W. Broad St. in Henrico County, between Libbie Avenue and Horsepen Road. Now, the business is closing due to volatility, inflation and other factors, it wrote on its website Monday.

“It has been our pleasure to serve the community,” wrote Thomas Lacy, the business’s general manager. “Our customers and employees have made this venture extremely fulfilling and memorable.”

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Henrico County gun range going out of business, citing market volatility (1)

The 60,000-square-foot building will be sold, and Cannon’s Auctions will sell the contents on Oct. 16. Colonial buys and sells guns and sells third-party guns for gun owners, known as consignment.

The building is owned by a limited liability company called Broad Street Colony, which bought the facility in 2007 for $2.1 million from Colony House Furniture Co. The county assessed the building for nearly $6 million this year.

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It is unclear how many jobs will be affected. A message left at the range was not immediately returned Monday afternoon.

More than a decade ago, Courtland Spotts, a principal for the Spotts and Carneal real estate firm, envisioned an upscale shooting range that would resemble a country club. The range was an $11 million project. When it opened, it featured 39 shooting lanes for members and the general public. An additional 11 lanes were dedicated for law enforcement use.

Colonial Shooting Academy’s closure comes a year after a range in Colonial Heights, The Smoking Gun, closed its doors. Another range off Midlothian Turnpike in Chesterfield County, Dominion Shooting Range, remains open. Sporting goods store Green Top operates a range in Hanover County.

The sale of firearms in Virginia decreased 5% from 2022 to 2023, according to SafeHome.org.

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Henrico County gun range going out of business, citing market volatility (2024)
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