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35 Year Old Bike Shop For Sale- Owner Retiring!!

Mississauga, ON

Seller Financing Available

listing image
Sale Pending
Asking Price:$90,000
Inventory:$150,000
Cash Flow:$79,000
Established Year:1981
Listing ID: 2257125Listing provided by BizBuySell
BUSINESS DESCRIPTION

Owner wants to retire after running a successful cycle shop for 35 years. The shop is even older than 35 years and now is part of the community. You can get your investment back in a year. Best google review, increase the sales by opening more hours as the owner is not interested, bring new cycle and repair option, bring sales through online presence, bring franchise etc. there is lots you can do to increase the sales and bottom line
The owner is highly motivated and this will be a great deal for the buyer.

DETAILED INFORMATION
Location
Mississauga, ON
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Lease Expiration
01/10/2024
Employees
6
Facilities
Premises is on a very busy and high traffic area and has showroom, repair shop and stocking area on mezzanine floor
Competition
There is healthy competition as any other business.
Growth & Expansion
Open longer hours and more days. He closes at 6pm and works only 5 days a week. There is no marketing or online sales and he only focus on few types of merchandise and new buyer can expand the options.
Support & Training
Seller is willing to give comprehensive training to the buyer
Reason for Selling
Retiring
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Rinki Sharma
International Realty Firm Inc
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Rinki Sharma
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