Business Overview:
This full service expanding bike shop has a solid customer base from affluent surrounding community with abundant disposable income. With a recognized and reputable bicycle brand offering a wide style range netting strong margins, the business is solidly positioned for continued growth. Automated systems include a user friendly Point of Sale program for inventory and sales and a professional website (including customizable e-commerce solutions). There has been strong organic growth but there is current opportunity for pro-active marketing to reach new customers. Sellers are willing to assist new owner in identifying business development opportunities.
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Property Features and Assets:
Business is located in a commercial shopping center and occupies 2,338 square feet. Excellent location in high end area with free parking, good neighbors, and favorable lease terms. There are hundreds of miles of trails, both paved and unpaved, in surrounding area.
Assets = $130,412
Market Competition and Expansion:
Competition is light, this being one of only two bicycle shops in this high end area.
Idaho is experiencing strong growth due to high quality of life. Outdoor recreational activities are a key driver and consumers desire bicycles and related accessories to enjoy those opportunities. Targeted ad campaigns using Google Ads have yielded highly effective results, raising brand recognition and increasing traffic to the shop.
Reason for Selling:
Owners are ready to retire.
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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