Business For Sale

Electric Bicycle Business and Maintenance Shop

West Chester, PA
Chester County

Downtown West Chester PA

Asking Price: Annual Revenue:
$75,000 $200,000

Technology: Non-classifiable

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RE: Electric Bicycle Business and Maintenance Shop Broker: Gary DiVincenzo
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: $75,000
Annual Revenue: $200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $10,000
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 triple 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 and has been recently approved as a Specialized e-bike dealer. It is very active on social media, enjoys a 5-star rating with a professionally developed web-site included in the sale. The website has establish page one advantage when searching electric bikes.

Sales were below expectations 2018 do to poor weather and street renovations; however, business expected to exceed $300,000 in gross sales within two years.

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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 1.5 years remaining on a very attractive lease with three private parking spaces in an adjacent lot which is also used for test rides.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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