Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$99,000 USD USA Dollars
Business for Sale Industry:	Auto & Mech: Retail
Reason for Selling:	Owner wants out. Fall out from divorce
Year Established:	1973
# of Employees:	3
Yearly Revenues:	$150,745
Yearly Cash Flow:	$5,613
Yearly Gross Income:	$150,745

Business for Sale Overview:

This business can be bought for a good offer from Owner who self-destructed a former million dollar business due to fall out from a divorce. Now is the proper time to get into the business (bicycles) where there is a positive growth pattern (riding bikes doesn't cost) get into this opportunity for $25,000 obo Down, present a positive attitude and salesmanship and new patrons will start coming in. Inventory of $50,000 plus Fixtures of $15,000 included in sales this placed closed Sunday, best day of the week for Bike Sales. Has top brand names Cadillac, GT, Schwin Plus Full Line of BMX Kid Bikes. Biggest part of business is repairs 60% profit margin. Reconditions and sell used bikes for over 100% profit. Tire tubes cost $1 sell for $5 and charges $6 to insert tube into tire. Has $600 and $900 dollar bikes in inventory. This business can increase profit margins drastically by opening up on Sunday, and putting ones salesmanship to use. Has Super Lease with little up charge for 18 years. Street parking and free city parking directly across street.

Property Features and Assets:

5,000 square feet Store with full basement 5,000 loaded with updates inventory, street and municipal parking. Too much room.

Market Competition and Expansion:

Only Bicycle store in area is about two miles distant and is fairly small store. Expansion: More aggressive salesmanship open up on Sundays, possibly best day on terms of volume sales and start advertising campaign.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.