Business Overview:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop with THREE locations that has been in business for over forty years! There is one location in western Fairfax County and two locations in Prince William County. The core areas of focus are bicycle and skate board sales along with a robust service and repair business. There is a large inventory of major brands including Giant, Specialized, Pivot, Yeti and more!
The business has long been recognized in the Northern Virginia community as one of the areas most trusted sources for all cycling needs. The shops are fully staffed with knowledgeable sales and service technicians. This is a turn key opportunity for any aspiring entrepreneur to take a seat at the table as the new owner of an established bicycle enterprise with over four decades of loyal customers to continue to grow and expand the business.
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Property Features and Assets:
The locations are situated in western Fairfax County and there are two locations in Prince William County. Here are the details for each location:
Location #1
4,357 Square Feet
Monthly Rent: $17,080.49
Location #2
2,420 Square Feet
Monthly Rent: $7,896.23
Location #3
4,090 Square Feet
Monthly Rent: $6,159.40
The businesses have been at the same locations for over 20 years. There are leases in place at various remaining terms with strong relationships with the landlords and that any necessary lease term adjustments should reasonably be obtained by a future owner.
Market Competition and Expansion:
Competition: There is standard competition for the industry and market, but this business has been established for over forty years so it has cultivated a loyal following over the years.
Growth & Expansion: There is room to grow and expand the business.
Reason for Selling:
Owner is 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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