Business For Sale

Bike Shop and Building For Sale

Not Disclosed, MI
Washtenaw County


Asking Price: Annual Revenue:
$69,000 $312,397

Retail: Sporting Goods, Recreation


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RE: Bike Shop and Building For Sale Broker: Michelle
Owner Financing is Available!
Will consider partial seller financing if needed for a qualified buyer’s loan.

Quick Facts

Asking Price: $69,000
Annual Revenue: $312,397
Net Profit: Not Disclosed
Cash Flow: $76,068
Total Debt: Not Disclosed
FF&E: $14,083
Real Estate: Not Disclosed
Year Established: 1948
Employees: 6
BBN Listing #: 156449621
Broker Reference #: MW

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Business Overview:

This business is pre-approved for SBA financing.
Sale price for the Business reduced to $69,000 plus Inventory.

The bicycle shop carries TREK, the #1 bike brand in the world, as well as Electra, Haro and GT. Recently added to the asset list is a Trek Digital Fit Station in the showroom. Touch-screen operated, the electronic Tower is easy for a customer to operate to determine (1) the right size bike for them (a digital picture is taken of the customer), (2) the right model bike and (3) browse Trek’s catalog.

Top of the line bike shop in a busy town is for sale as the sellers wish to retire. The owners have protected territorial rights with different bicycle manufacturers. Bikes, bike parts and accessories for all ages and skills are available for sale at this store, offering the community a great choice, complete with great service. This retail store offers a repair service as well. Owners are included in employee count. 2 of the part time employees are seasonal.

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement). Contact broker for more information.

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Property Features and Assets:

Approximately 2,500 square feet total building is offered for sale at this time also, preferably to the buyer of the bike business. 554 feet of road frontage offers excellent store front visibility. If desired building could house two complementary businesses, thus creating an additional stream of income for the buyer of the building. Sellers may consider a short-term lease.

Market Competition and Expansion:

COMPETITION: Protected territories for the high-end bikes somewhat limits competitors. GROWTH: Electric bicycles would be a good add-on product offering for this store. Increasing cycling events and E-Commerce may be avenues for growth and expansion, also expanding the sports line of products to include winter products such as sleds, snowboards, and skis.

Reason for Selling:

Retirement

Additional Details:

  • 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.

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