Bellingham Bike Shop and Tours

Bellingham, WA

Seller Financing Available

Sun-E-Land Bikes Shop
Asking Price:$45,000
Gross Revenue:$85,000
Rent:$100/Month
FF&E:$40,000
Cash Flow:$35,000
Inventory:$35,000
EBITDA:$85,000
Established Year:2019
BUSINESS DESCRIPTION

Sun-E-Land Bikes is an established business in its 5th year in the most up and coming area of Bellingham. Located in 'The Portal: Bellingham's Container Village' Sun-E-Land Bikes sells, rents, services bikes and leads tours of Bellingham. Our bike shop is a 8' x 40' shipping container, owned by the company that is leased on the Port of Bellingham property. The lease is very affordable and we have a good working relationship with our property managers. We are an LLC owned and operated by a sole owner.
Sun-E-Land Bikes is its own brand of electric bicycle. We have sold hundreds of our E-bikes to people throughout Washington and have shipped bikes across the country. We currently sell our own models of E-bikes as well as rent them for locals and visitors. We also rent bikes for people in Bellingham to ride on the bike track directly behind our location at The Portal. Additionally we service bikes for our own bikes and E-bike companies around the country such as Rad Bikes, Lectric and Aventon. Our rentals are mainly for novice riders that want to experience the beautiful trails and sights of Bellingham. We offer tours and servicing for most types of bikes.
Our revenue is nearly 50% sales and the other half rentals and service. We are averaging around $85,000 in sales each year. We have a strong reputation for helping people repair bikes and treating our customers with care and respect. We have great reviews and return customers each year. 'The Portal' is a very popular place for visitors and locals and Sun-E-Land Bikes is in great location for a tourism business opportunity and bike shop.
New owners should know a little about bike repair or have a shop manager that knows how to repair bikes. Many students at WWU are good at fixing bikes and I always receive many inquires from students wanting to work with us. I also will remain in Bellingham if you need any help.


ATTACHED DOCUMENTS
Sun-E-Land Bikes.docx.docx Download

DETAILED INFORMATION
Location
Bellingham, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
320
Lease Expiration
28/12/2027
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Sun-E-Land Bikes shipping container is owned as is all inventory in the container. We assess the value of the container to be $20,000 as it is fully functional and a city approved building that meets all code requirements. It is already placed on site within 'The Portal' which is maintained very well by the Port of Bellingham. We assess the value of our assets within the container to be $15,000, e-bikes and pedal. We believe our growth, reputation, location and sales history are valued at $45,000. We have a great website and potential for growth.
Competition
There are many e-bike companies out there, way more than then there used to be. But Sun-E-Land Bikes is not just a bike company, it is an all-around bike shop that sells, services, rents and helps people. Our location within the shipping container community and help from the Port of Bellingham is something that not all bike shops have. We have a bike track and trails right behind our shop and people come to visit all spring through fall. It is just as much a tourism opportunity as it is a bike shop.
Growth & Expansion
I believe that Sun-E-Land Bikes has great potential for growth. If the new owner is able to expand and open additional locations, Sun-E-Land Bikes can continue to rent and sell E-bikes to people near a shop. It is great as a local bike shop and tourist hub, but it could attempt to grow with help that I am not fully able to give at this point in my life.
Financing
Seller Financing Available. All inventory included in sale
Support & Training
I will be in Bellingham to help with the transition. For new owners interested in maintaining the brand, I have experience in importing, bike maintenance, customer service, and will dedicate my time to help owners be successful. For owners interested in developing tours and being a demo company for bikes brands, we have relationships with many established brands.
Reason for Selling
Sun-E-Land Bikes started as a hobby but has grown into a reputable business for

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Matthew Holmes
Matthew Holmes