Pedal into adventure at our shop—where speed meets fun on two wheels!

Asking Price$295,000

Cash Flow
$75,000

EBITDA$40,000

Gross Revenue$631,000

Inventory$175,000
Included in asking price
FF&E$38,960
Included in asking price
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Pedal into adventure at our shop—where speed meets fun on two wheels!


Asking Price$295,000

Cash Flow
$75,000

EBITDA$40,000

Gross Revenue$631,000

Inventory$175,000
Included in asking price
FF&E$38,960
Included in asking price
Business Description
Attention investors and future bike shop moguls! Here's a golden opportunity to take the handlebars of a well-established, full-service bicycle shop that's been the hub of the local cycling community since 2012. This isn't just any shop; it's a place where spokes spin tales, gears shift perspectives, and the love for cycling is as infectious as a group ride on a sunny day.
Why Invest?
• Loyal Peloton of Customers: With a decade-long presence, this shop has cultivated a dedicated following of casual cruisers and hardcore cyclists alike. They're not just customers; they're part of a thriving cycling family.
• Diverse Revenue Streams: From high-quality bike sales and gear to expert services, rentals, and demos, this shop offers multiple avenues for income. Think of it as a well-oiled drivetrain, each component working seamlessly to propel the business forward.
• Community Engagement: Beyond retail, the shop actively engages with the local scene through events, race team sponsorships, and partnerships. It's not just a store; it's a cornerstone of the cycling community.
Growth Opportunities
The road ahead is wide open with potential:
• E-Bike Expansion: Tap into the electrifying trend of e-bikes. Offering rentals and sales can attract a broader audience, from commuters to adventure seekers.
• Branded Merchandise: Develop a line of branded apparel and accessories. Let customers wear their allegiance like a badge on their cycling jerseys.
• Guided Tours: Organize cycling tours that showcase the beauty of the surrounding trails and landscapes. It's a chance to promote fitness, community, and the joy of exploration.
The Team
At the heart of this shop is a team of passionate cyclists and fitness enthusiasts. They're not just employees; they're the domestiques who ensure every customer feels like the leader of the pack. Their expertise and dedication have been pivotal in building the shop's stellar reputation.
Location
Nestled in an area renowned for its scenic trails and cycling-friendly routes, the shop benefits from both local patronage and visiting cyclists. It's strategically positioned to be the go-to spot for all things cycling in the region.
Final Lap
This is more than a business; it's a lifestyle, a community, and a chance to be at the forefront of a thriving industry. If you're ready to clip in and take this ride to the next level, this bike shop is your ticket to a rewarding journey.
Serious inquiries only. Let's keep the rubber side down and the business spirits high!
About the Business
Years in Operation
13
Number of Employees
2
Currently Relocatable
Yes
Facilities & Assets
The sale includes a well-maintained trailer, perfect for mobile services or event participation, and an extensive inventory of the latest bikes and accessories, ensuring immediate revenue potential. The shop's modern facilities are designed to cater to both casual riders and dedicated cyclists, offering a comprehensive range of services. Located in a vibrant community with a strong cycling culture, this business is poised for continued growth and success.
Market Outlook / Competition
In Cleveland's bustling bike scene, standing out is like trying to pedal uphill in flip-flops. With a community that boasts over 100 miles of trails, including the scenic Ohio & Erie Canal Towpath Trail, and a populace keen on staying fit and looking sharp, the competition is as fierce as a downhill race with no brakes. From Joy Machines Bike Shop's practical rides to Fridrich Bicycle's 10,000 square feet of cycling paradise, it's clear: in this city, if you're not ahead of the pack, you're just part of the peloton.
Opportunities for Growth
In just two years, this bike shop's sales accelerated from $350K to $651K, outpacing a Tour de France peloton. With e-bikes electrifying the market—accounting for 63% of the growth in bicycle sales in recent years —the momentum shows no signs of slowing. Nestled among Cleveland's affluent neighborhoods, where the median household incomes soar, the shop caters to a clientele ready to invest in top-tier cycling experiences. As e-bike sales in the U.S. surpassed one million units in 2022, this shop is perfectly positioned. Headed into the busy season!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,651
Rent
Not Disclosed
About the Sale
Seller Motivation
Built a great absentee business, but a two hour drive would wear me down too!
Transition Support
The current owner is a passionate cyclist who has poured his heart into this shop, creating a hub for fellow enthusiasts. His deep connections in the local cycling community and business circles have been instrumental in the shop's growth. As he transitions, he's committed to supporting the new owner, ensuring a smooth handover and continued success, as negotiated.
Financing Options
Keith the banker is standing by, eager to finance your next big venture!
Listing Info
ID
2347714
Listing Views
1408
Business Location

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Business Listed by: Gary Burden Ohio Valley Business Advisors

Listing ID: 2347714 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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