Historic Broward County Family Bicycle Shop

Business Overview:

This full-service Bicycle store has been successfully serving the region for almost 50 years. The owner has met his objectives in building this store & its wide customer base & is ready to retire and transition to the next generation of management. This store is widely known for its incredible level of customer service & wide array of bicycle brands which include TREK, Eastern, SE, GT, Sun, Fuji and many others. An onsite full service and repair department is fully stocked with parts, supplies and tools which are, of course, included in the sale. This is a mid-range “family store” that offers bicycles for all levels and features BMX, recumbent, trikes, electric and exercise bikes. The sale includes a minimum of $180k in saleable inventory. Revenues are further supported by offering a store full of accessories, bike rentals and lessons. The owner works part time only (3 days a week) and relies on a staff that have been with the store for 15+ years who handle the sales, repairs and general store operation on a day-to-day basis.

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Property Features and Assets:

5,063 Square Feet in retail plaza @ $5,063/month. Lease expiration date: 2/28/33

Market Competition and Expansion:

Unknown/Unlimited.

Reason for Selling:

Retirement

Additional Details:

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