Bicycle and E-Bike Sales & Service Retail Store

Charlotte, NC
Mecklenburg County

Asking Price: Annual Revenue:
$430,000 $1,534,000

Retail: Sporting Goods, Recreation

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RE: Bicycle and E-Bike Sales & Service Retail Store Broker: Randy Mitchell

Quick Facts

Asking Price: $430,000
Annual Revenue: $1,534,000
Net Profit: Not Disclosed
Cash Flow: $194,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 9
BBN Listing #: 685955287
Broker Reference #: 42520095

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Business Overview:

This rapidly growing cycling sales & service store, located in the highly attractive Charlotte NC market, has earned a reputation for tailored consultative sales offerings and highly skilled service mechanics. The business carries a variety of brands of high-quality bicycles, e-Bikes, and various cycling accessories.

Sale price includes $150,000 of inventory.

The outdoor recreation market continues to expand, and interest in cycling and especially in electric-assisted e-Bikes, has been a part of that growth. This store saw sales grow 12% in 2019, and an amazing 85% in 2020! And 2021 is off to a hot start as well.

“Although sales of traditional bicycles have remained flat in most major world markets for the past several years, electric bicycles (e-bikes) are achieving unprecedented growth across North America, Europe, and pockets of Asia Pacific…. global e-bike sales revenue is expected to grow from $27.3 billion in 2020 to nearly $47 billion by 2030, at a compound annual growth rate (CAGR) of 5.5%.”
--Guidehouse Insights 1Q 2020

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Market Competition and Expansion:

Customers primarily come from within 100 miles of the fast-growth Charlotte area. Opportunity to expand to additional locations or add e-commerce revenue options. This is NOT a franchise.

Reason for Selling:

Career Change

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.

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