Bicycles Business Forty Years In Prosperous Oceanfront Town For Sale

Business description

Bicycles Business For Forty Years In Prosperous Oceanfront Town For Sale

Very Respected product lines and multi-generation, unique, repeat-business customers.

Can be operated singly in off season and with PT helpers in season or expand and grow it if you choose.

Bike sales range from low of 200 in the recent years to 600+ annually in better years. Averaged 500 most years.
Important to note that a prudent owner can adjust Inventory levels to adapt to business activity levels and stablize owner's cash flow.
i.e. You buy less inventory and spend less in slow times and your earnings remain stable. Repairs and service reman very consistent.

NOTE: Inventory is extra. It varies and ranges from approx $90K to $130K on a wholesale basis. Margins of bikes and parts average about 52%.

*********Please NOTE that Cost of Inventory to be sold and the price of the business can both be significantly lower
(about $60K lower) after September, to facilitate a total lower sale price. *********

Average price per bike has grown from @ $300 to @ $600 in past five years. Business is "upscaling."

We currrently sell bikes ranging from kids $150 bikes to $3000 carbon road or serious mountain bikes and everything in between.

Service repairs of @ 2000+ annually. Accessories sold are substantial with Rentals as well.
Store has recently moved two blocks in same community to much higher traffic street.
Excellent storefront, rent, landlord and lease with new, efficient heat, A/C and lighting. 15,000 Customer sales records, addresses and phone numbers since @ 1992. Website exists with links to and from manufacturers which can be expanded to e-commerce by a more tech savvy owner.

Property information

Real Estate:

Lease

Lease terms:

3% per year inflation factor.

Location:

A short walk to the Beach at Jersey Shore in a very busy summer town.

Premises details:

Busy trafficed location with un-metered front road and assigned rear parking.
Within steps of busy ice cream and dunking donuts shops.
Brick and block, well maintained building with offices above half of the building.
Lighted, outdoor 2 ft x 15 ft sign. Rear entrance and large, dry, well-lighted basement
previously used as an office by former business owners.
New A/C and Heat, very efficient system. Wonderful Ocean breeze on most days.

Size in square feet:

2200 sf including dry basement.

Other information

Expansion potential:

If new owner knew how to benefit from the Internet, it could easily be more active all year round.
Current owner has preferred to operate it with limted off-season hours. The customer base is there
to consume higher end products including bikes and accesories, electric bikes, adult trikes and bicycle rick-shaws.
A personal delivery service is also an optional expansion area.
E- commerce can increase business substantially to the more Internet-literate business person.

Competition / Market:

Only two other bike shops within ten miles and they feature different product areas / lines.

Support & training:

Training avaialable for up to three weeks in store and three months by daily telephone contact.

Reasons for selling:

Personal, age.

Trading hours:

8 to 8 ,7 days permissible. Currently closed one weekday.

Financing available:

A buyer with sufficient assets is preferred and recommended.
Seller's age and relocation plans preclude taking back a loan.
However, advice and suggestions will be abundant.

Furniture / Fixtures value:

$65,000 (included in the asking price)

Inventory / Stock value:

$90,000,130,000