Retail Bike Shop Business
Not Disclosed, MN Ramsey County
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- RE: Retail Bike Shop Business
- Contact: 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 |
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 homebased business opportunity.
- This is not a franchise resale opportunity
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