Iconic Bike Shop - Wilson NC

Relocatable, NC
Wilson County

Asking Price: Annual Revenue:
$199,500 $407,169

Retail: Sporting Goods, Recreation

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RE: Iconic Bike Shop - Wilson NC Broker: Tommy Alligood
Owner Financing is Available!
Owner Terms:$69,800.00 Interest:6% Term Months:60 Monthly Payment:$1,349.43

Quick Facts

Asking Price: $199,500
Annual Revenue: $407,169
Net Profit: Not Disclosed
Cash Flow: $119,335
Total Debt: Not Disclosed
FF&E: $35,100
Real Estate: Not Disclosed
Year Established: 1980
Employees: 3
BBN Listing #: 368358201
Broker Reference #: 13485-640600

Email or Print Listing

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Business Overview:


**Exciting Opportunity: Own an Iconic Bicycle Shop with Profitable Locksmith Service**

**Price:** $199,500 (plus inventory)

Discover a remarkable chance to acquire a renowned Bicycle Shop that has become a cornerstone of the community. As the current owner retires, the torch is being passed to someone who can carry forward the tradition of exceptional service. The retiring owner is committed to facilitating a smooth transition through training and guidance.

**Key Features:**

- **Location:** Wilson, NC
- **Established:** Over 40 years of successful operation
- **Clientele:** Extensive and loyal
- **Seller Financing:** Available for qualified buyers

**Thriving Business:**

This opportunity extends beyond a mere Bicycle Shop – it's also a prosperous Locksmith Service. Located in Wilson, NC, the business has thrived for decades, drawing upon its reputation and strong customer base.

**Your Path to Success:**

No prior experience in the bike shop industry? No problem. If you possess a passion for customer satisfaction and enjoy hands-on tinkering, you have what it takes to succeed. The current owner is prepared to impart the necessary skills during the transition period.

**Unique Selling Points:**

- Rare chance to own an established business with significant growth potential
- The retiring owner's vision is to transfer the customer base to an individual enthusiastic about embracing innovations like eBikes, driving substantial expansion.
- The retiring owner is dedicated to assisting in the transition process.

For inquiries and detailed information, please contact:

Tommy Alligood
Transworld Business Advisor of Eastern NC
Email: talligood@tworld.com

This is your moment to take the reins of a profitable Bicycle Shop and Locksmith Service with a rich history. Seize this opportunity to continue its legacy and unlock its potential for further success.

**Revenue Distribution:**

- Bike and Accessory Sales: 60%
- Service: 30%
- Locksmith Service: 10%

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

-Real Estate Available For Purchase- Real Estate Asking Price: $225,000.00 Monthly Rent: $2,500.00 Square Units (Foot, Meter): 2,500 Terms Options: Seller to Sign New Lease Facilities: Great location and in good condition FF&E Overview: Computers, key machines, bike racks, safe, Dewalt tools FF&E General Condition: Very Good and Well Maintained

Market Competition and Expansion:

Competition: Only Bike shop in town! Many referrals from surrounding shops due to the excellent service provided. Expansion: Ideas that come to mind immediately include: • Embracing social media / Internet marketing • E-Commerce and E-Bikes • Locksmith Service

Reason for Selling:


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.

Relevant Links:

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