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PedalPub Franchise in Baton Rouge, Louisiana

Baton Rouge, LA
Pedal Pub = Fun Investment
Asking Price:$72,100
Gross Revenue:$133,669
Rent:$1,450/Month
FF&E:$72,500
Cash Flow:$25,258
Inventory:$750
EBITDA:$9,512
Established Year:2021
Listing ID: 2249084Listing provided by BizBuySell
BUSINESS DESCRIPTION

Low Investment Cost & Strong Growth Potential

The Pedal Pub industry, in a nutshell, is "experiential tourism". Experiential Tourism emerged about 10 years+ ago. Its growth has been phenomenal. It’s driven by millennial pocketbooks as consumers trend toward spending money on “experiences” over “things”. The industry is expected to exceed $12 billion in revenue by 2023.

The Pedal Pedal franchise system has existed for over 15 years and currently has markets in over 60 locations in the United States and Canada.

The Baton Rouge location joined the party in late 2021 to provide experiential tourism both for Louisiana residents and tourists who travel to the area for various popular events such as Mardi Gras, LSU sports, Southern University sports, and much more. Baton Rouge was & is seen as having great potential for continued growth in the experiential tourism market as being the one and only operator in the city of Baton Rouge.

DETAILED INFORMATION
Location
Baton Rouge, LA
Inventory
Included in asking price
Real Estate
Leased
Building SF
800
Lease Expiration
01/04/2025
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Assets included in the sale are 2 Pedal Pub bikes that are three years old (and all of the bike's spare parts & tools), a car hauler trailer (used to transport the bike offsite whenever needed), and bike storage building at the storefront location where the bikes are stored. Buyer would also receive ownership of the storefront lease. All business merchandise and storefront furnishings will remain as part of the sale.
Competition
Pedal Pub Baton Rouge is "The Original Baton Rouge Party Bike" and the only party bike company in Baton Rouge. In fact, as part of the process to approve Pedal Pub operation, a brand new city ordinance was created to enable Pedal Pub to operate. Since insurance is difficult to obtain, it likely ensures that Pedal Pub will remain the only game in town. We only have 1 location, and it is in the heart of downtown Baton Rouge. There is likely future opportunity to open another location in the Mid City area of Baton Rouge.
Growth & Expansion
There is significant growth opportunity. Both making strategic partnerships & connections coupled with employing the right marketing strategies have the ability to catapult Pedal Pub Baton Rouge to another tier of revenue. Since 2021, Pedal Pub Baton Rouge has created an unforgettable experience for 7,352 customers. That’s only 3.3% of 219,573 Baton Rouge population. There's still so much untapped opportunity to increase the customer base, consisting of both Baton Rouge residents and tourists largely brought by local colleges, conferences and festivals.
Financing
No seller financing available
Support & Training
Onboarding & training by local ownership will definitely be provided to the buyer(s). The same will also be provided by the staff at the corporate franchise company. The monthly franchise fee of 8% guarantees support in the areas of marketing, operations, maintenance, networking & training, booking & payment system support, and other areas.
Reason for Selling
Limited capacity to run the business given other emerging & family priorities.
Franchise
This business is an established franchise
BUSINESS LOCATION
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Chandra Piert
Phone Number
Chandra Piert
Call Phone