Bike Shop

Established bike shop in busy downtown area of affluent East Bay City. With a clean, modern and very inviting showroom., this store is run by an absentee owner who is passionate about bikes. this is a great opportunity for an experienced business owner or a husband/wife team. This store features all categories of bikes and enjoys recognition from their frequent presence at racing events, which the current owner will continue to promote after the sale. This is a turn-key opportunity: all the hard work of establishing a great storefront, a loyal clientele, and a top-notch reputation for providing great service and support has been completed for the new owner. Seller has offered to remain involved with the store and continue to promote it after the sale. Seller claims 2018 Gross revenue of $788,000 and adjusted net income of $34,000; 2019 YTD P/L shows large increases in both revenue and net income. Approx. over $200,000 worth of inventory, including bikes, gear and accessories, are included in the asking price. #3784

As an absentee owner, his payroll is about $113,782.00. An owner Operator can increase his net income a great deal.