Bicycle Sales & Service

Bicycle Sales & Service

Pending

$65,000.00

Listing Number :

 3752

Status :

Expired

Price :

$65000

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Area

3100

Description

Family owned and operated Bicycle shop in San Francisco Bay Area (Alameda County) that has been in business for 24 years. There is a large service area completely separate from the sales floor. All categories of Bikes are Sold (including recently booming electric Bikes) in addition to most brands of parts, accessories and apparel. Brands familiar to the public:

GIANT, BIANCHI, THULE, YAKIMA, BELL, GIRO, SHIMANO, SRAM, NORCO AND MORE. Seller claims Annual Gross Sale have been around$600K for the last 3 years. Extremely favorable Lease expires April 2020. Possible extension to new buyer. Experience a healthy and friendly business environment that has been a part of the local community earning the loyalty of families and customers for over 2 decades. Bicycle industry recognized POS system is included with purchase. All tools, fixtures and equipment are also included. Asking price $65,000 plus the inventory (plus inventory $70,K +/-), all cash to seller.
3752
Business Information Financial Information
Ownership Type:  Corporation
Year Established: 1996
Year Purchased: 1996
Business Type: Bicycle Sale & Repair
License(s) Required: Business
Hours of Operation: 10am-6pm Closed Sunday& Monday
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3752
Date Available: 08/05/2019
Reason For Sale: Other Interest
Annual Total Revenue: 600000
Annual Net Income:
Inventory: 70000
Monthly Payroll: 7600/m
Lease Information
Base Rent: 3300/m
Lease Expires: 2020
Lease Option:
NNN:
 
Financing Information
Down Payment: 65000
Owner Will Carry:
Other Finance Terms:

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