Outdoor Sports Shop In A Year Around Vacation Town

Not Disclosed, MI Grand Traverse County

Asking Price: $650,000

Annual Revenue: $2,300,000

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RE: Outdoor Sports Shop In A Year Around Vacation Town
Contact: William Malek

Quick Facts

	Asking Price:	$650,000
	Annual Revenue:	$2,300,000
	Net Profit:	$75,000
	Cash Flow:	$172,000
	Total Debt:	Not Disclosed
	FF&E:	$120,000
	Real Estate:	Not Disclosed
	Year Established:	1974
	Employees:	15
	BBN Listing #:	965356932
	Broker Reference #:	210114

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Business Overview:

The Business was formed in 1974 as a bicycle shop and grew over the years to a year-round outdoor sports shop including bicycles, hiking, ski equipment, and apparel associated with these outdoor sports. The Company offers all the major brands of equipment and clothing.
The Company has 8 to 15 full time trained employees depending on the season. Including crucial management roles as a General Manager, Service Manager, and Sales Manager.

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Property Features and Assets:

This home town business is a turn-key operation with trained staff and second-line management in place. The sale will be an all-asset sale that includes all equipment and storage and retail display units.

Market Competition and Expansion:

As a resort and vacation town, there is local competition. However, the outdoor severe sports enthusiast that have been interviewed named this Business as the most experienced and knowledgeable in the area. The current second-generation owner is ready for retirement. This Business is prime for new blood to energize the Business with advertising and fresh ideas. The most growth could be through expansion in the outlying areas with satellite stores.

Reason for Selling:

Retirement

Additional Details:

The property is owned.
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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