Profitable, Established Bike Shop w/$150K Inventory, Eastern LI

Seller Financing Available

This is an exceptional opportunity to acquire a well-established, highly profitable sporting goods business that can be acquired with a small buyer investment. Seller financing is available to a qualified buyer, on a case-by case basis. This well-known shop has been providing premium services to bike and beach enthusiasts on the East End of LI for over 25 years.

The business is located in an affluent community on the east end of LI, with a high-income clientele assuring low risk that a recession will affect sales and profitability. The sporting goods industry is growing, peaking during the COVID pandemic years. The revenues have returned to pre-pandemic levels and the business has been priced accordingly. No special skills or licensing is required to operate the business.

Attractive owner financing of up to $550,000 at 8%, amortized over a 10 year term with a 5 year balloon is available, on a case-by-case basis, solely at the seller’s discretion. It should be noted that this is below the present SBA rate of 11% for a similar term.

The business operates out of a store jammed packed with inventory, on a major road and sells, services, and repairs:
- a complete line of bikes
- sells watersports gear
- Kayaks & paddleboards
- carries a complete line of accessories (shirts, shoes, gloves & more)

This is an excellent opportunity to acquire a business that is primed for growth. No special knowledge is needed; just the ability to manage a retail business and ensure customer satisfaction. The seller had no prior experience before opening his first shop and will train the buyer.

Please respond to this ad and you will receive our NDA that can be filled out on-line. Once received, we will forward a complete write-up for your review. You may also visit our website at www.raptbizbrokers to see all our listings and to fill out the NDA for this deal.