UNIQUE bike rentals

Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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UNIQUE bike rentals


Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
BUY ONLY BIKE BUSINESS FOR SALE ON HILTON HEAD TODAY! combination of bike rentals for sale . Has 2201 bikes, ($65 rental each bike) 500-600 chairs*$30 rental each chair) 8 trucks, 2 trailers, 23 employees paid $15.00-$22.00 hr. only allowing buyer 6 months rent on space must relocate ONLY BIKE RENTAL BUSINESS FOR SALE ON HILTONHEAD-THIS IS YOUR CHANCE TO GET INTO THIS GREAT BUSINESS THAT VACATIONERS NEED AND USE
About the Business
Years in Operation
5
Number of Employees
23
Facilities & Assets
Seller is asking buyers to sign NDA and buyers profile to show funds available to purchase. Seller bought a few bike companies when owner passed away and had combined them into one company just opened a year ago
Has gross income June 2024 $270k Payroll is $25% cost.
Market Outlook / Competition
Bike rentals on Hilton Head-One of top ten palce is USA for bikes, approx. 60k visitors per week, only approx 28k-29k bikes available to rent from bike rental companies. With sellers new software that can target guest at the time the make reservations for vacation to rent a bike etc...will assure this company will rent all bikes first.
Opportunities for Growth
IF buyer can find rental space can grow this business to how many bikes and employees you can manage.
Seller will only give 6 MONTHS lease on present location-Buyer will have to relocate assests to another leased property on Hilton Head
About the Sale
Seller Motivation
Seller invents in new ideas then sells them looking to go into boat business
Transition Support
3 weeks training-seller has developed software to piggy back on short term rental companies rentals allowing him to contact guest same time reservations are made.(he would sell or lease this to new owner)
Financing Options
Seller placed $150k computer system -cash sale Seller not interested in 6 months SBA
Listing Info
ID
2259157
Listing Views
2658

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Business Listed by: Rick McElroy Sunbell Business Broker Advisors

Listing ID: 2259157 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.