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Business For Sale

Bicycle Store with Property in Chicago Suburbs

Chicago West Suburbs, IL

Retail: Sporting

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$985,000
$776,859
Not Disclosed
$129,027
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
$75,000
$810,000
1990
Not Disclosed
810032783
Owner Financing is Available!
Owner might consider a small amount of financing with qualified & experienced buyer/operators.

Business Overview:

The current owners have been in the business since 1990, and after 22 years, have decided to retire. This is a full-service, 6,273 square feet retail store in the heart of a busy suburban area. They sell & repair a wide range of bicycles such as kids bikes, mountain bikes, cruisers, BMX bikes, hybrid bikes & road bikes. They also sell related apparel and accessories. They have very consistent sales. Another important feature of this bicycle shop is that they have a repair center right in the middle of the showroom. They have factory trained technicians that do everything from repairs & assembly to tune-ups & custom bike fittings. There's no need to go anywhere else.

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:

This bicycle shop has a long history in the community and because the property is owned & not rented, you don't have to worry about your rent increasing or your landlord not renewing the lease. Another great feature of this business is its location. They are located on a very busy road with great visibility & over 24,500 cars driving by the front door each day (according to the Illinois Department of Transportation).

Market Competition and Expansion:

A new owner could increase sales by focusing on the website & search engine optimization. I think they would get quite a bit more internet/website traffic if they displayed their current inventory directly on their website, along with sale items, coupons & reviews. Website optimization would help them sort high in internet searches. Right now, they don't sort very high at all. Updating the website & improving the search engine optimization are both easy fixes & would significantly help their internet sales & traffic.

Reason for Selling:

Retiring

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.