Business Overview:
The Oldest & Best Known Bicycle Shop in Mobile. Located on a busy street in a modern, free standing building. The lot is 21,400 Square Feet and the building has 7,500 Square Feet, which is valued at $700,000 and included in sale price.
They have a large and open showroom with a complete shop in the back. The shop is also open to the showroom and is a great selling tool for the service department. They carry many major brand name bikes such as: Raleigh, Diamondback, Schwinn, GT, Marin and Haro. They have a full inventory of accessories, clothing, helmets and anything that can be associated with bicycles.
The business has a unique association with several large shipyards, chemical plants and other industrial industries to supply them with industrial grade bikes to use around the huge facilities.
This is an asset sale: the value of the inventory, furniture, fixtures and equipment add up to $195,000 and these are listed for sale at $175,000. The real estate will be valued based upon an actual appraisal. We have a suggested real estate value of $700,000, but this will be adjusted based upon a new appraisal.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
7,500 square feet building; included in sale price.
Reason for Selling:
Death of Owner
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.