Established Bike Shop For Sale
Onondaga County, NY
| Asking Price: | $669,000 |
| Gross Revenue: | $1,200,000 |
| Rent: | $4,000/Month |
| FF&E: | $50,000 |
| Cash Flow: | $218,711 |
| Inventory: | $308,500 |
| EBITDA: | $245,946 |
| Established Year: | 2009 |
Listing ID: 2284070Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profitable and Primed For Growth
Very successful & well known bike shop. Not just cycle sales, but education, rentals, repairs & true service.
This is a small independently owned service business dedicated to providing a small curated selection of practical & affordable bicycle products to novices & professionals alike.
DETAILED INFORMATION
Location
Onondaga County, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,300
Lease Expiration
12/01/2035
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller owned real estate not for sale. Seller willing to modify existing lease to suit the needs of a qualified buyer.
Above rents are NNN. Assume another $1300 per month for common area, property tax & property insurance charges.
Offering includes all existing shop tools, FF&E.
Competition
Strong market & growing. Cycling is one of the fastest growing outdoor activities. Especially given the growth of e-bikes.
Growth & Expansion
Sellers not currently maximizing several sales avenues traditionally expected as part of a bike shop. E-commerce, rentals, e-bike services not currently significant parts of the existing business model though all are in place and ready to be expanded.
Financing
Available to qualified buyers for up to 33% of the business value.
Support & Training
Sellers willing to assist Buyer for a TBD time to ensure a smooth transition.
Reason for Selling
Moving
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