Owner Financing is Available!
Business Overview:
Price Slashed - Owner's house just got deposited - ready to move!!!
Bicycle enthusiasts with a passion for the sport – now you can own the business that you may have always wanted – and make a good living doing it. Set your gears in motion and peddle your way to success. A 14 year established bicycle business for sale in Ridgefield, CT. Own this popular, well established bicycle shop in a historic New England upscale, affluent, high income town where health conscious executives and their families reside. Even better yet – the local companies keep transferring executives in and out of the area so there are always new customers to sell your top of the line bikes & accessories. Shop sells and services road bikes, mountain bikes, hybrids, family bikes, cycling gear, apparel, protective equipment, parts & accessories. Little competition in the area for the type of bikes this business sells. Authorized dealer for Bianchi, BMC, Diamondback, Felt & Raleigh. Tired of the “Rat Race” or maybe not currently even in it. Here’s an opportunity to make a good living and enjoy what you do.
Hours are: Monday to Friday 10 to 6, Saturday 9 to 4, closed Sunday. From September –Thanksgiving closed Monday & Sunday. After Thanksgiving to Christmas open 7 days. The business is run with a husband & wife team and no other help. They started their first bike shop in 1971. After almost 40 years in the business they are looking forward to retirement. Potential revenues are estimated over $300,000 with a 50% GP. Adding $37,000 labor expense for a single Owner replacing the wife and potential Owner’s Cash Flow is over $70,000. The business is located in a rustic free standing (might have been a residential house at one time) building located in the center of Ridgefield, CT next to the Post Office. Bikes and accessories are displayed in rooms, the front porch and on the lawn. Old style bike shop ambiance in an upscale, affluent, high income town. Total Square Feet of display rooms and storage (1st, 2nd floors, attic & basement) is +/- 2,800 Square Feet. Rent is $2,770 per month plus 50% of increase in Real Estate Taxes.
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.
Reason for Selling:
Retirement after 40 years in the business
Additional Details:
- The property is leased.
- 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.