CHATTANOOGA, Tennessee
| Asking Price |
$512,950 |
Year Established |
1957 |
|
| Annual Revenue |
$1,326,041 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$193,573 |
Attention |
Wesley Hill |
|
| Annual Cash Flow |
$0 |
Listing Number |
1001383 |
|
| # of Employees |
4 |
Business Category |
Retail: Sporting Goods, Recreation |
|
Business Overview:
This bike shop has been serving the Chattanooga area for over 50 years, earning a reputation as one of the region's most trusted and respected names in cycling. Located in one of America's top outdoor recreation destinations, the business benefits from a steady flow local riders, tourists, and outdoor enthusiasts drawn to the city's nationally recognized trail systems and cycling community.
The shop offers a full range of bicycle products and services. It has a loyal customer base built over decades of exceptional service and community involvement. Currently owner-operated, the business is efficiently organized with systems and staff already in place, making it well-positioned to transition into a semi-absentee or fully managed operation. This could be your chance to own a profitable bike shop in one of the top rated destinations for outdoor enthusiasts.
Property Features and Assets:
<p>Non-Included Inventory Amount: $380,000</p><p>Lease Info:</p><ul><li>Square Feet: 7,750</li><li>Total Rent: $6,000</li><li>Lease Expiration: December 31, 2029</li><li>Lease Options: 2 5-Year option</li></ul>
Market Competition and Expansion:
<p>Small handful of competitors in the area. Expand into outdoor gear and products, introduce e-commerce sales, expand services into e-bike repair. <br></p>
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