Owner Financing is Available!
Business Overview:
This long standing, profitable bike shop is deeply embedded in its community and has a large following for the cycling events it sponsors. The store serves Union County residents with well-known national brands of medium and high range bicycles as well as parts, apparel and accessories. It has a full service repair center.
Revenue has been stable for many years in spite of the economic downturn but the store is not managed by an owner-operator, so it is underperforming compared to national averages for similar shops. Owner is absentee with another full-time business so is willing to sell the store for the wholesale cost of the inventory and FF&E. Rent aligns with national average and inventory is composed of new model bicycles and parts. This business is especially well suited for a person who knows cycling and wants a life style business.
Sale price also includes the inventory valued at $170,000! More information will be provided to serious buyers after completing an NDA. Contact Lynn McNeal or Peter Coleman at Sunbelt Business Brokers Charlotte. See all the companies we have for sale at www.charlotte.sunbeltnetwork.com.
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:
Owner operates other company full time
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.