Established Bike Retail For Sale

Bartlett, IL
Cook County

Downtown location


Asking Price: Annual Revenue:
$325,000 $417,564

Retail: Sporting Goods, Recreation


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RE: Established Bike Retail For Sale Broker: Seller of Business

Quick Facts

Asking Price: $325,000
Annual Revenue: $417,564
Net Profit: $118,017
Cash Flow: $86,995
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 4
BBN Listing #: 358862833
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Spin Doctor Cyclewerks is a successful 25-year-old store with an excellent reputation and strong brand recognition. We enjoy a large, loyal established customer base in bicycle friendly community. The shop is located in a beautiful downtown shopping area, 25 miles west of Chicago. We have long-standing dealer agreements with large desirable bike brands. Professionally designed store & fixtures. This is a great opportunity for new owner seeking an immediate lifestyle change.
The business has enjoyed consistent profitability for decades. The outlook continues to be bright for the bike industry.
2020 Revenue: $417,564
Cash Flow:
3-year average $86,955
2020: $118,017
Inventory value: $120,000

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Market Competition and Expansion:

-Strong market demographics: 41,000 pop, 40% 25-54 years old, $109,000 median household income -5500 sq. ft (includes 3000 sq ft basement), current 5-year lease expires 9/1/21 -1/2 block from 2 most popular restaurants in Bartlett -Proximity to fantastic local, state, & regional bike trails -Bicycle friendly Village government -Currently we are open 5 days/week (year-round)—affording the new owner growth opportunities -Strong “Shop Local” sentiment in a village with small town values

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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