Multiple Turn Key Bicycle Shops For Sale in Nashville, TN

Asking Price$275,000

Cash Flow
$90,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$320,000
Not included in asking price
FF&E$130,000
Included in asking price
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Multiple Turn Key Bicycle Shops For Sale in Nashville, TN


Asking Price$275,000

Cash Flow
$90,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$320,000
Not included in asking price
FF&E$130,000
Included in asking price
Business Description
Purchase three stores in Music City: Nashville, TN! DBA’s are Ride615 Bicycle Shop, Ride615 Bicycles & Brews, and Trace Bikes. Three stores for one price, covering half the Nashville bicycle sales market! Major brands are represented. Locations are in busy and growing parts of the city. There is the Ride615 Bicycle Shop on the near west side in a 100 year old brick building in the swanky hip Sylvan Park area. The Trace Bikes store is located at the northern terminus of the Natchez Trace Parkway, a 400 mile national park road, a bucket list destination for road cyclists. The fourth location, Ride615 Bicycles & Brews is on the north side of Nashville across the street from the most popular MTB trail in the city. And, yes, the store serves beer, coffee, and pizza!
About the Business
Years in Operation
13
Employees
9
Facilities & Assets
Ride615 Bicycle Shop is 1,400sqft at a busy intersection in west Nashville in a 100+ year old brick building with original pine floors and industrial skylights. Trace Bikes is 1,386sqft in an upscale plaza in the Bellevue area of Nashville. Ride615 Bicycles & Brews is in a newer, 1,680sqft garage space with all coffee shop and taproom amenities and an automatic garage door screen! All shops are turn-key, fully staffed, and operating.
Website
https://www.ride615.com/
Market Outlook / Competition
You will own three of the seven bicycle shops in Nashville. Multiple revenue streams from the shops including road bike rentals from Trace Bikes and from the Bicycles & Brews location there are MTB rentals (e-mtbs could be added) for the trail across the street and pizza, coffee, and beer offerings. These three shops are attractive for their unique offerings.
Opportunities for Growth
Two of the shops are currently renting bicycles and bike models and types could be expanded. Bicycles & Brews could have more food/beverage offerings, as well as entertainment. Current revenue numbers are well below the pre-pandemic peak. There will be a significant upswing in revenues as the vendor bicycle inventory stabilizes.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
The owner needs to relocate as soon as possible to the northeast due to illness
Transition Support
Owner is willing to negotiate with the buyer to work during a transition period to minimize business disruption.
Listing Info
ID
2350171
Listing Views
1479
Business Location

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