Listing Number: 3301-551677
Description
A well established bike business containing multiple bike stores in key GTA communities. Revenue up 60% (2024 Q1 vs 2023 Q1) complete with e-commerce setup and years of branding, available at incredibly low price.
1- Highly reputable brand name within biking community.
2- Over 10,000 accounts and e-mails.
3- Revenues from bike, apparel, service and parts sales.
4- Complete offering to customers.
5- Fully trained and motivated staff, owner is able to operate with minimal supervision.
6- Current owner will train for a smooth transition.
7- Asking price includes $450k inventory and working capital.
8- Also included in the asking price are leasehold improvement and other fixed assets of about $300k.
9- Seller financing is available for qualified buyer.
Business is ideal for:
1- A hands on operator or family that desires an established and successful business.
2- Business owners within the bike businesses, sports or gym owners who desires to add significant sales revenue. Consolidate within the existing operations, reduce marginal costs through economies of scale and garner higher market share.
The Confidential Information Memorandum (CIM) will be accessible exclusively to qualified buyers who have completed both a Non-Disclosure Agreement (NDA) and a Buyer Profile (BP).
Listing Details
- Price: $ 750,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 1,095,258
- Location: Regional Municipality of Peel, Ontario
- Inventory: $ 450,000
- FF&E: $ 300,000
- Employees:
- Reason for Selling: Sale of a non-core business
- Category: Sports Related Biz,Distribution,Retail Miscellaneous
