Well Established Bike Sales and Service Shop For Sale

Listing Number: 6401-259836

Description

Busy Bicycle Shop in South East Florida. Great Location, very established and well equipped. Sales Revenue over the past decade has been between $1.1m to $1.6m each year. Even during covid. Selling major brands of bikes, e-bikes, gear and accessories. Service department for repairs, maintenance, assembly. Loyal and repeat clientele. The store’s selection appeals to the serious enthusiast and to the casual peddler. Experienced and knowledgeable staff. Excellent vendor relations. Sale includes $350k of sellable inventory, 67k of equipment. This is a turnkey operation and the seller will stay and train a new owner. Seller offering $50,000 financing at 6% for 3 years.

Listing Details

  • Price: $ 600,000
  • Down Payment: $550,000
  • Sellers Discretionary Earnings: $ 59,353
  • Total Sales: $ 1,281,251
  • Location: Palm Beach County, Florida

  • Inventory: $ 350,000
  • FF&E: $ 67,612
  • Employees: 7
  • Year Established: 1997
  • Reason for Selling: Retirement
  • Category: Miscellaneous/Other
Well Established Bike Sales and Service Shop For Sale

Business Listed By:

Simon Polzer
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