Retail Bike Shop Business

Not Disclosed, MN
Ramsey County


Asking Price: Annual Revenue:
$800,000 $1,078,000

Retail: Sporting Goods, Recreation


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RE: Retail Bike Shop Business Broker: Peggy Scheeler

Quick Facts

Asking Price: $800,000
Annual Revenue: $1,078,000
Net Profit: $215,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: 6
BBN Listing #: 685640231
Broker Reference #: 8547

Email or Print Listing

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Business Overview:

This business is a retail shop that sells regular and electric bikes. This shop does 58% in all bike sales with maintenance/service about 14% of sales, and parts and accessories make up the reminder of the sales. Maintenance provides a full range that includes services like adjustments, assembly, maintenance, and repair. Accessories sold include bags, gloves, helmets, locks, racks, and tires.

Business was established in 1991 by the current owner. Hours of the operation are Monday – Friday 10 am to pm and Saturday 10 am to 6 pm and on Sunday the business is closed.

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Property Features and Assets:

The company is located west St Paul area. The facility is 2812 square feet of retail space and 2,800 of storage space, in the lower level. The lease expires in 2025, a buyer can extend the term of the lease. The gross lease is $5,185 a month currently.

Reason for Selling:

Retirement

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.

Relevant Links:

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