Exceptional Bicycle Business-Resort Community

Saint Simons Island, GA
Glynn County

St Simons Island

Asking Price: Annual Revenue:
$849,000 $1,000,000

Retail: Sporting Goods, Recreation

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RE: Exceptional Bicycle Business-Resort Community Broker: Steve Fitzgerald

Quick Facts

Asking Price: $849,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: Not Disclosed
BBN Listing #: 826524957
Broker Reference #: 41620189

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Business Overview:

This business offers a rare opportunity for the right buyer to acquire a very successful, high-end, bicycle sales and service shop and has substantial growth potential. It is located in an ideal "Low Country" setting. The owner offers two superior bicycle brands. One is high end and has been rated #1 globally. The other brand offers more affordable models that are well designed and built for style, comfort and leisure. All are accompanied with impeccable service.

The owner is a zealot in driving business success. His attention to detail, including quality, structure, and premium pricing, has resulted in consistent, attractive cash flows at high net profit margins. The seller's cash flow has been over 25% of sales in 2019, 2020, and 2021 in spite of the negative impacts of covid and logistical issues.

In 2019, the owner decided his cash flow provided him with ample income to support his lifestyle. He stopped any advertising, shut down his website, and began reducing staff. He made further reductions in 2020, going to a four-day work week. This strategy still generated the attractive 2020 and 2021 financial results, in this diminished marketing, sales and "covid" environment.

The Low Country island location has been a magnet for those "escaping" northern locations, either permanently or looking for a relaxing getaway destination. Movement has accelerated because of covid. Conde Nast Travelers ranked the Isle as 3rd "Best U.S. Island" in 2019. The bike shop is ideally situated to service the local resort and regional communities.

The business is ripe for further growth. Combining the restarting of a website and other marketing tools with selective hiring and a five-day schedule (versus four) are obvious steps a buyer can take. Reentry into the robust rental market is another option.

The ideal buyer will respect attention to detail, be mechanically savvy and/or understand bicycle performance nuances, have some business background and be financially qualified to acquire this business. The bicycles' supplier will have a "say" on the suitability of any buyer prospect to take over the marketing and sale of their brands. Also the owner is willing to provide support for up to twelve months under a consulting Agreement, if desired.

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Additional Details:

  • The property is leased.
  • The owner is not 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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