Historic Broward Family Bicycle Shop

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. 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 foot wear), 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. Please refer to listing #3353423421 & ask for Rob Cohen when inquiring.

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Property Features and Assets:

Type: Strip Center

Monthly Rent: $5,063

Square Units: 3,600 sq ft

Expiration Date: Feb 27, 2033

Term Options: Negotiable with Landlord

Market Competition and Expansion:

Unknown/Unlimited

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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