Bike Shop

Bike Shop

Available

$299,000.00

  • My Buddy's Bike 2
  • My buddy's Bike 1

Listing Number :

 3784

Status :

Expired

Price :

$299000

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Area

2620

Description

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.

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Bike Shop
License(s) Required: Business
Hours of Operation: Tues-Sat (10am-6pm), Sun (12pm-5pm)-Close Mondays
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3784
Date Available: 9/20/2019
Reason For Sale: Focusing on other businesses.
Annual Total Revenue: 788,000
Annual Net Income: 34,000
Inventory: 200,000
Monthly Payroll:
Lease Information
Base Rent: 4344
Lease Expires: 2020
Lease Option:
NNN:
 
Financing Information
Down Payment: 299,000
Owner Will Carry:
Other Finance Terms:

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