Long Established Bike Shop For Sale Owner Wishing To Retire

Asking Price$1,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$550,000
Included in asking price
FF&E$60,000
Included in asking price
Real Estate$1,200,000
Not included in asking price
listing imageSave

Long Established Bike Shop For Sale Owner Wishing To Retire


Asking Price$1,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$550,000
Included in asking price
FF&E$60,000
Included in asking price
Real Estate$1,200,000
Not included in asking price
Business Description
Business Description
This can be a life changing opportunity for someone wishing to purchase a bicycle store in south east Michigan. Our bicycle store is one of the top performing bicycle stores in the country with sales and profitability over four times the national average. This high volume shop features a diverse line of bikes and their service team is second to none. This shop sells bicycles from some of the most sought after bicycle brands in the country, as well as a high volume service department, parts, and accessories. This bicycle store has substantial growth potential both in store and with its state of the art e-commerce platform. This bicycle store is positioned for solid, recession proof growth for years to come.

The sport of cycling encourages outdoor activities and living a healthy lifestyle. For this reason, the cycling industry is growing rapidly as more and more people are becoming environmentally and health conscious. The demand for bikes has never been higher and there's no end in sight for explosive growth in e-bike sales and service. The popularity of e-bikes has produced a whole new profitable dimension for this bicycle store because e-bikes are the sweet spot between bicycles and cars. E-bikes are the future of personal mobility. Bicycling has grown into one of the most popular recreational sports, only succeeded by walking, running and hiking.

The business is for sale because the owner is wishing to retire. This is a once in a lifetime opportunity for someone wishing to get into the bicycle business. The owner is willing to provide support for up to eight weeks plus twelve months under a consulting agreement, if desired.


https://www.bicycleretailer.com/studies-reports-0
About the Business
Employees
Staff will continue on with new owner.
Facilities & Assets
Business inventory, fixtures, tools and Intellectual Property are negotiable.
Market Outlook / Competition
Competition:
Bicycle sales are accelerating due to people looking to have a more active healthy lifestyle. 2021 Ebikes sales were double that of electric cars sales. Estimated in Europe, Ebike sales will outpace all vehicle sales including gas and electric within the next 10 years.
Opportunities for Growth
Growth & Expansion:
The future looks strong for the bicycle industry as people move away from petroleum based vehicles. The total e-Bike sale is projected to grow at a compounded annual growth rate of almost 10 percent between 2022 and 2030 reaching close to 62.3 billion U.S. Dollars
Real Estate
Owned or Leased
Owned
Not included in asking price
About the Sale
Seller Motivation
Owner wishing to retire
Transition Support
Support & Training:
The owner is willing to provide support for up to eight weeks plus twelve months under a consulting agreement, if desired.
Financing Options
Serious inquiries only with financing in place
Listing Info
ID
2491025
Listing Views
Attached DocumentsAttachment Disclaimer

Business Descriptio3.doc


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Business Listed by: Mr. Bike Enterpreneur

Listing ID: 2491025 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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