Bike Shop - Northeast Ohio
An experienced full-service bicycle shop that was established in 2013. Every member of its team knows bikes, rides bikes, and love bikes. The Shop has created a community of loyal bike lovers through its retail store, race teams, group rides, and kids events. The shop founded and sponsors several annual races and events. Vendor relationships built over years of profitable and consistent ordering yield inventory form the top brands in mountain, road, and city bikes, plus components, helmets, shoes, and other accessories. The Shop’s talented and experienced staff offer professional bike fitting, bike builds, and all types of repair and maintenance services.
Gross Annual Sales approaching $600,000
Why An Attractive Opportunity – Major Attributes
· Well established with a great reputation
· Financial history of perfect on time payment creating credit and terms with vendors and suppliers
· Operates autonomously with absentee owners. Experienced, enthusiastic managers run the business smoothly.
· Consistently sells high end, profitable bicycle, component, and accessories – requires less sales and builds.
· High profit margin compared to other retail bicycle shops.
· Premier location in an affluent community close to many trails and bicycle infrastructure that provide great demo, renting, and selling opportunities
Business and Assets: $200,000 + For Sale Inventory At Cost