Iconic Bike Shop - Wilson NC

Wilson, NC

Seller Financing Available

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Asking Price:$199,500
Gross Revenue:$350,984
Rent:$2,500/Month
Established Year:1980
Cash Flow:$114,425
Inventory:$75,000
FF&E:$35,100
BUSINESS DESCRIPTION

Real Estate Available

**Exciting Opportunity: Own an Iconic Bicycle Shop with Profitable Locksmith Service**

Discover a remarkable chance to acquire a renowned Bicycle Shop that has become a cornerstone of the community. As the current owner retires, the torch is being passed to someone who can carry forward the tradition of exceptional service. The retiring owner is committed to facilitating a smooth transition through training and guidance.

**Key Features:**

TREK premium brand dealer !

- **Location:** Wilson, NC
- **Established:** Over 40 years of successful operation
- **Clientele:** Extensive and loyal
- **Seller Financing:** Available for qualified buyers

**Thriving Business:**

This opportunity extends beyond a mere Bicycle Shop – it's also a prosperous Locksmith Service. Located in Wilson, NC, the business has thrived for decades, drawing upon its reputation and strong customer base.

**Your Path to Success:**

No prior experience in the bike shop industry? No problem. If you possess a passion for customer satisfaction and enjoy hands-on tinkering, you have what it takes to succeed. The current owner is prepared to impart the necessary skills during the transition period.

**Unique Selling Points:**

- Rare chance to own an established business with significant growth potential
- The retiring owner's vision is to transfer the customer base to an individual enthusiastic about embracing innovations like eBikes, driving substantial expansion.
- The retiring owner is dedicated to assisting in the transition process.

For inquiries and detailed information, please contact:

Tommy Alligood
Transworld Business Advisor of Eastern NC
Email: talligood@tworld.com

This is your moment to take the reins of a profitable Bicycle Shop and Locksmith Service with a rich history. Seize this opportunity to continue its legacy and unlock its potential for further success.

**Revenue Distribution:**

- Bike and Accessory Sales: 60%
- Service: 30%
- Locksmith Service: 10%


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
-Real Estate Available For Purchase- Real Estate Asking Price: $225,000.00 Lease Terms Options: Seller to Sign New Lease Facilities: Great location and in good condition FF&E Overview: Computers, key machines, bike racks, safe, Dewalt tools FF&E General Condition: Very Good and Well Maintained
Competition
Only Bike shop in town! Many referrals from surrounding shops due to the excellent service provided.
Growth & Expansion
Ideas that come to mind immediately include: • Embracing social media / Internet marketing • E-Commerce and E-Bikes • Locksmith Service
Financing
Owner Financing Interest: 6% Owner Financing Terms Months: 60
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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Tommy
Alligood
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Tommy Alligood