Profitable Bike Shop

Not Disclosed, FL
Volusia County

East Volusia


Asking Price: Annual Revenue:
$310,000 $942,091

Retail: Sporting Goods, Recreation


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RE: Profitable Bike Shop Broker: Bradley Carpenter
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $310,000
Annual Revenue: $942,091
Net Profit: Not Disclosed
Cash Flow: $214,495
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 4
BBN Listing #: 168345422
Broker Reference #: 409-02227

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Business Overview:

Long standing Bicycle Sales and Service Shop for sale by original owner. Shop has been a fixture in the Community for years and is enjoying the best year on record given Covid and a growing "stay at home" business trend. With the growth of area bike trails, biking is becoming once again the exercise of choice for both families and individual riders. Shop enjoys exclusive dealer agreements with 4 well known manufacturers. Not only sales but the Shop's repair business is booming with a growing wait list. The business does no advertising and only recently taken on an electric bike line that is the latest craze, especially among Active Adults. Shop also markets tricycles which along with electric bikes are popular among the region's growing retirement segment. Owner is willing to lease or sell free standing building located with direct frontage on major north-south Hwy. Business is not currently opened during evening hours nor on Sunday. Considered Essential business. Lender Pre-qualification is under review. Seller Financing is negotiable. 2020 annualized based on 1st half 2020 P&L. FULL CONFIDENTIAL REVIEW AVAILABLE.

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Property Features and Assets:

Business operates out of a free standing building located with direct frontage on major North/South Hwy consisting of 4,163 Square Feet. Includes showroom, repair and storage areas. All furnishings, fixtures and equipment are included. Building is available for purchase ($540,000) or lease ($3,500/Month NNN).

Market Competition and Expansion:

Record year for business in terms of sales and repairs. Stay at Home environment and promotion of biking as a great individual and family exercise outlet suggests a growth trend for an industry that had been on the decline for several years. Business product segment is also expanding to E-Bikes that will require further repair skills. Significant buyer demand is also putting a strain on product availability although subject business has been having success accessing additional product given tenure in industry and relationship status with manufacturers. Dealer agreements include geographic restrictions that limits competitive pressures.

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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