Retail Bike Shop - Est 33 years - $35K Down

Not Disclosed, MN
Anoka County

Asking Price: Annual Revenue:
$99,000 $469,317

Retail: Sporting Goods, Recreation

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RE: Retail Bike Shop - Est 33 years - $35K Down Broker: Peggy Scheeler
Owner Financing is Available!

Quick Facts

Asking Price: $99,000
Annual Revenue: $469,317
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $24,000
Real Estate: $350,000
Year Established: 1987
Employees: 4
BBN Listing #: 64940231
Broker Reference #: 8198

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Business Overview:

This business is a retail bicycle and bicycle maintenance shop which sells and repairs products, like Trek, Schwinn and many other brands. Provides a full range of bicycle maintenance that includes services like adjustments, assembly, maintenance, and repair. Sales include a wide range of type of bikes, including Terrain bikes, comfort bikes, hybrid bikes, mountain bikes, racing bikes, and kids’ bikes.

Accessories sold include, bags, gloves, helmets, locks, racks clothing and tires.

Another profit center of the business is skate sharpening for figure and hockey skates. With hockey sticks and hockey accessories, this helps with the seasonality of bicycle sales
Business was established in 1987 by the current owner. Hours of the operation are Monday – Friday 9 am to 8 pm and Saturday 9 am to 5 pm and Sunday 12 to 4 pm.

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Property Features and Assets:

The company is located north of the metro area. The facility is 7,200 square feet and the building is owned by the seller. A buyer can purchase the building for $350,000 or lease the space. The lease amount would be $1,500 a month and for 5 years or longer if a buyer prefers.

Reason for Selling:


Additional Details:

  • The property is owned.
  • 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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