Buy a Business

Advert Ref: 104-2644

Cycle Shop & Service in Youngstown Area For Sale

Details: Asking price:$150,000; Sales revenue:$680,000; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: One man’s dream. This family business was started by the Father in 1949 and is carried on today by his wife and children. A popular brand named cycle and parts are offered in this retail setting along with a service department for repairs. The service department also carries used parts and used bikes. The Mom is now ready to retire and the children would like to see what else the world holds for them. The franchise has recently been renewed. Along with motorcycles, ATV‘s and water sport vehicles are also offered. This is a fun business to be in as you help families find the right jet ski or a Dad find a mini sized ATV for his son, or the guy or gal who is buying their first motor bike. The purchase price includes a detailed list of all of the equipment that is being transferred to the new owner. The inventory will be determined at time of close.

General information: Years established:1949; Location:The business is located in a commercial area on a main thoroughfare. The traffic count is good and the store gets good visibility from the road. The buildings contain approximately 4950 sq. ft. The facility is owned by the Seller and consists of 4 buildings including the Moms residence. The residence could be converted to more floor space, office space or an apartment. This allows additional space for positive changes to the business. Ample parking area surrounds the showroom while the service area is fenced for security.; Expansion potential:With gas prices increasing and consumption conscious consumers, the industry now sees increased opportunity in sales of higher mileage cycles as apposed to the average auto. The savings in gas could almost pay for the bike in 1 to 3 years depending on the bike and miles driven. But there will always be the cycle enthusiast who loves the open air ride, the adventure and the camaraderie of fellow cyclists.; Support & training:The seller will remain responsible for all company liabilities through the date of sale. Seller will provide training for a two-week period.; Reasons for selling:Other opportunities.