The current owners have been in the business since 1990, and after 22 years, have decided to retire. This is a
full-service, 6,273 square feet retail store in the heart of a busy suburban area. They sell & repair a wide range of
bicycles such as kids bikes, mountain bikes, cruisers, BMX bikes, hybrid bikes & road bikes. They also sell
related apparel and accessories. They have very consistent sales. Another important feature of this bicycle
shop is that they have a repair center right in the middle of the showroom. They have factory trained technicians
that do everything from repairs & assembly to tune-ups & custom bike fittings. There's no need to go anywhere
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Property Features and Assets:
This bicycle shop has a long history in the community and because the property is owned & not rented, you
don't have to worry about your rent increasing or your landlord not renewing the lease. Another great feature of
this business is its location. They are located on a very busy road with great visibility & over 24,500 cars driving
by the front door each day (according to the Illinois Department of Transportation).
Market Competition and Expansion:
A new owner could increase sales by focusing on the website & search engine optimization. I think they would get quite a bit more internet/website traffic if they displayed their current inventory directly on their website, along with sale items, coupons & reviews. Website optimization would help them sort high in internet searches. Right now, they don't sort very high at all. Updating the website & improving the search engine optimization are both easy fixes & would significantly help their internet sales & traffic.
Reason for Selling:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.