Business Overview:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop based in western Fairfax County. The business has been established for over forty years and is ideally located near one of Northern Virginia's popular cycling trails. The core area of focus is bicycle sales along with a robust service and repair business. There is a large inventory of major brands including Giant, Specialized, Pivot, Yeti and more!
The business has long been recognized in the Northern Virginia community as one of the areas most trusted sources for all cycling needs. The shop is fully staffed with knowledgeable sales and service technicians. This is a turn key opportunity for any aspiring entrepreneur to take a seat at the table as the new owner of an established bicycle enterprise with over four decades of loyal customers to continue to grow and expand the business.
The total asking price of $326,000 ($100,000 + $226,000 in inventory) is the same total value of all the assets with FF&E and Inventory being valued at $334,000, so it's like getting the name, reputation, customer base, employees and goodwill of the business for free!
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Property Features and Assets:
The business is ideally located in western Fairfax County near one of Northern Virginia's popular cycling trails. Here are the location specs:
4,357 Square Feet;
Monthly Rent: $17,080.49
Market Competition and Expansion:
Competition: There is standard competition for the industry and market, but this brand has been established for over forty years so it has cultivated a loyal following over the years.
Growth & Expansion: There is room to grow and expand the business.
Reason for Selling:
Owner is retiring.
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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