Trendy Bike Shop

Not Disclosed, UT

Asking Price: Annual Revenue:
$290,000 $546,907

Retail: Sporting Goods, Recreation

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RE: Trendy Bike Shop Broker: Eric Sorensen

Quick Facts

Asking Price: $290,000
Annual Revenue: $546,907
Net Profit: Not Disclosed
Cash Flow: $87,943
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 40104955
Broker Reference #: 7401-16831

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Business Overview:

A successful absentee owned bike and skate shop located in Utah with brand recognition. The owner founded the company more than 20 years ago and is looking for a change.

The business sells all varieties of bikes including; mountain, beach cruisers, BMX, road and many more. In addition, the company employs a skilled bike mechanic that performs regular tune-ups. The business also sells skateboards, scooters and branded store apparel.

The owner will readily admit he doesn’t have the time to grow the business through marketing, on-line sales and social media. The company currently does virtually no revenue through on-line platforms and only spends roughly 1.2% of revenue on advertising and promotion.

The current owner is actively involved in the BMX community and frequently tours under the store brand with a group of professional BMX riders. This brand and revenue from touring is excluded from the transaction but the owner is willing to let a new buyer use the branding for the store. In essence, this is free marketing! The seller will tour with BMX athletes under the same brand used at the store with no additional obligations. If a buyer would like to grow and sell apparel using the store brand an agreement can be worked out with the seller.

A new owner with energy and vision can leverage the company's brand and market presence to continue growing this established business.

The seller will consider seller financing a small portion of the asking price to a qualified buyer.

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Property Features and Assets:

Leased commercial space. Assets = $139,000

Market Competition and Expansion:

Minimal competition.

Reason for Selling:

Lifestyle Change.

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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