Business For Sale

Electric Bicycle Business and Maintenance Shop

West Chester, PA
Chester County

Downtown West Chester PA

Asking Price: Annual Revenue:
$125,000 $285,000

Technology: Non-classifiable

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RE: Electric Bicycle Business and Maintenance Shop Broker: Gary DiVincenzo

Quick Facts

Asking Price: $125,000
Annual Revenue: $285,000
Net Profit: $40,000
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 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.

Owner is open to a partnership with a full buy-out within two years. Sales are below expectations this year due to poor weather and street renovations; however, business expected to exceed $400,000 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 800 sq ft of dry basement storage. It has two years remaining on a very attractive lease with three private parking spaces in an adjacent lot.

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 has a 5-star rating and a highly-respected shop manager with over 30 years experience.

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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