Electric Bicycle Business and Maintenance Shop

West Chester, PA
Chester County

Downtown West Chester PA

Asking Price: Annual Revenue:
$49,000 $200,000

Technology: Non-classifiable

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RE: Electric Bicycle Business and Maintenance Shop Broker: Seller of Business
Owner Financing is Available!
Current partner in business is willing to invest $25,000 with new owner if he feels it would be a fit.

Quick Facts

Asking Price: $49,000
Annual Revenue: $200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $8,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 722255405
Broker Reference #: Not Disclosed

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Business Overview:

Get on the bottom floor of the rapidly growing electric bicycle industry. This shop has had steady growth for the past nine years and enjoys a fantastic reputation. It is also a premier race bike shop with several professional triathletes as customers. It is the only bicycle shop in the downtown West Chester area and expects to double growth in non-electric bike maintenance and bicycle accessories. The maintenance manager has over 30 years bicycle experience.

The business carries four major e-bike brands. It is very active on social media, enjoys a 5-star google rating with a professionally developed web-site included in the sale. The website has establish page one advantage when searching electric bikes. Over 12,000 people found the website in April, 216 visited the website, 33 asked for directions and 28 called the store.

The price includes current inventory which could change slightly at time of sale. It also includes store fixtures, tools, web-site and owner training. Owner willing to stay on as a consultant if needed. The Maintenance manager/mechanic is willing to stay with business. Fourteen months left on store lease at $1400 per month.

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Property Features and Assets:

The shop is located in "award-winning" downtown West Chester (voted top main street in the US) with 1200 sq ft of showrown and a fully equipped maintenance shop. It is beautifully accented with authentic antique barnwood and floors There is approximately additional 800 sq ft of dry basement storage. It has 1.2 years remaining on a very attractive lease with three private parking spaces in an adjacent lot. Parking space cost is $175 per month and can be renewed July 1 on an annual basis if desired.

Market Competition and Expansion:

The shop is the only "exclusive" e-bike shop within an 18 mile radius and stocks leading brands with excellent margins. It employees a highly-respected/professional shop manager with over 30 years experience in the bicycle industry as a technician and shop owner. This purchase would be a true turn-key operation.

Reason for Selling:

Owner Retiring

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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