Seller's Contact Information
- RE: Historic Broward County Family Bicycle Shop
- Contact: Randy Bring
Quick Facts
Asking Price: | $695,000 | |
Annual Revenue: | $583,278 | |
Net Profit: | $170 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 47,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1975 | |
Employees: | 3 | |
BBN Listing #: | 5881630 | |
Broker Reference #: | 0101423421 |
Business Overview:
This full service Bicycle store has been successfully serving the region for almost 50 years. The owner has met his objectives in building this store and its wide customer base and is ready to retire and transition to the next generation of management. This store is widely known for its incredible level of customer service as well as the wide array of bicycle brands which include TREK, Eastern, SE, GT, Sun, Fuji and many others. An onsite full service and repair department is fully stocked with parts, supplies and tools which are, of course, included in the sale. This is a mid-range “family store” that offers bicycles for all levels and also features BMX, recumbent, trikes, electric and exercise bikes. The sale includes a minimum of $180,000 in saleable inventory. Revenues are further supported by offering a store full of accessories, bike rentals and lessons. The owner works part time only (3 days a week) and relies on a staff that have been with the store for 15 years who handle the sales, repairs and general store operation on a day to day basis. There is significant upside in expanding the accessory side of the business (clothing and related footwear), adding a road bike department and further bolstering sales by adding e-commerce capability to the company’s website. Below market lease for this major road fronting plaza, options to extend can be negotiated. The owner is fully committed to a successful transition and will fully train and transition to ensure the long term success of the Buyer. All interested parties to provide a PFS and summary BIO before disclosure and full Offering Memorandum is provided.
This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Randy Bring. Please refer to listing #0101423421.
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Property Features and Assets:
5,063 Square Feet in retail plaza @ $5,063/month. Lease expiration date: 2/28/33
Market Competition and Expansion:
Unknown/Unlimited.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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