Professional Cycle Shop, Retial, Tours, Repair

Not Disclosed, HI
Honolulu County

Honolulu


Asking Price: Annual Revenue:
$649,000 Not Disclosed

Retail: Sporting Goods, Recreation


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RE: Professional Cycle Shop, Retial, Tours, Repair Broker: Seller of Business
Owner Financing is Available!

Quick Facts

Asking Price: $649,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1989
Employees: 8
BBN Listing #: 912623442
Broker Reference #: 5619PRBC

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Business Overview:

If you are looking to make money, work directly with motivated people and you love Cycling in Hawaii, here is a great opportunity! As the new owner of Island Triathlon and Bike you can become the center of the Cycling universe on Oahu. This 35 plus year old operation has the number one location on Oahu near Waikiki with parking (very hard to find) that is first class.
You will walk into a business:
1. Just a short distance from Waikiki and tourists looking for rentals, tours and gifts.
2. Long tradition of service and knowledge about cycling on Oahu.
3. Both a parts and repair operation that employ the best people in the State.
4. Outstanding Cycle rental and tours that attract tourist from beginners to experienced riders.
5. Everything that cycling enthusiasts need for their rides from parts to gear to nutrition.
6. Training opportunities with an indoor cycling and gym facility on site.
7. Bi-lingual staff members who are fluent in Japanese and add a new sales component.
8. Is at the center of triathlon and cycling planning in Hawaii.
Historically, they have sponsored riding events with huge turnouts. There is no reason you can’t do the same. Local Hawaii gifts, jerseys, shirts and other items bring tourists in from all over the world and sell consistently in an online store.
Rentals and Tours are a big attraction for tourists, IT&B already has these programs set up and running. You can add on to either offering and present a great opportunity for those traveling from around the world.
Top this off with a new and exciting workout facility on the second floor geared for cyclists with brand new equipment. You can have classes all day bringing in locals and tourists alike to use the facility on a pay as you go or monthly membership or rent the space to existing trainers or even use it for events. The idea of residual income for such a space is ideal.
There are also plans for external growth ideas in sales that have not been implemented yet and can be shared with any potential buyers. The aim being to diversify the offering of the business overall from a solely retail business to a business with multiple revenue streams.
Cycling in Hawaii is improving due to increased movement by the City and County and State but also by the local bike share program Biki. Bikeshare encourages more people to ride bikes and in turn increases bike sales in their emerging markets. Also, as the cost of car ownership goes up cycling makes more sense in Honolulu. New protected bike paths and lanes are geared with the future in mind to create more cyclists. This is a great business that fits with Oahu’s future. This is true for Tourists and Local Cyclists as well. Call us…or get in touch, take advantage of a real outstanding opportunity.

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Property Features and Assets:

Outstanding location with heavy traffic on one of Honolulu's most well-known streets. Excellent parking. Plenty of room for expansion. Second floor dedicated to work out gym focused on cyclist.

Market Competition and Expansion:

Biking is very popular in Hawaii. Several competitors do exist but none have the location and history of this business.

Reason for Selling:

Owner is dealing with family issues.

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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