Boutique Style Electric Bike Store

Santa Fe, NM
Santa Fe County

Outside of main metro area


Asking Price: Annual Revenue:
$250,000 $316,624

Retail: Sporting Goods, Recreation


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RE: Boutique Style Electric Bike Store Broker: Phil Lepak

Quick Facts

Asking Price: $250,000
Annual Revenue: $316,624
Net Profit: $49,756
Cash Flow: $86,155
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 1
BBN Listing #: 911262412
Broker Reference #: Not Disclosed

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Business Overview:

Established in 2011, this exclusive electric bicycle business has seen steady growth every year with a 300% increase in sales last year. The established business offers sales and service of electric bikes from around the world. The store attracts buyers from surrounding states and everywhere in New Mexico. This unique store is a success story based on 10 years of research and marketing. Sales in January, 2020 were $8,487. January 2021 sales are $21,273.This is a Turn-Key business with the potential for the new owner to recoup more than 50% of the purchase price the first year if purchased before the start of the Summer season. A working knowledge of how bicycles work is helpful. You don't need to be a bike mechanic to be successful. This is a FUN business!

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Property Features and Assets:

The store is located in a shopping plaza outside of the main Santa Fe area in a high traffic suburban shopping plaza. We are in our 3rd year at this location. The store has an exterior entrance with a ramp to the street. The street is the private road around the shopping center which allows for an easy and safe test ride area. There is currently approximately $35,000 in inventory which is included in the price.

Market Competition and Expansion:

Competition is limited to higher priced bikes which we easily overcome and internet sales. Online sales leave customers with little to no aftermarket support so they choose us for value and service. We offer a 2 year warranty and other extras making it very attractive for potential customers to buy from us. We have a large customer base resulting in referrals and a 5 star Google rating. Expansion possibilities are unlimited as we also have recently secured the ability to sell many new bicycles offered by a major supplier. Extras include website and branded logo.This is a turn key business.

Reason for Selling:

Retirement

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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