Bicycle Shop/Sporting Goods Store

Nebraska City, NE (Otoe County)

Seller Financing Available
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Asking Price:$225,000

Cash Flow:N/A

Gross Revenue:$425,000

EBITDA:N/A

FF&E:$65,000

Inventory:$160,000

Real Estate:$440,000*

Established:1981

*not included in asking price.

Bicycle Shop/Sporting Goods Store

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Business Description

Bicycle shop and sporting goods store. Specialized bicycle dealer with full service and repair shop. Full retail sporting goods store selling Adidas, Mizuno, Asics, Wilson, Diamond and many other lines of sporting goods. Services many of the area youth sports teams and leagues as well as middle and high school sports. Also specializes in selling Fitness equipment and repairs. Dealer for Spirit Fitness, Diamond Fitness and Landice treadmills and ellipticals. Vinyl cutter, heat application machine and engraving machine are also part of the business. Sell and create t-shirts and uniforms for many area teams and engrave trophies and plaques. Nebraska City is located in Southeast Nebraska and serves a large trade area of rural and small towns. Nebraska City is the home of Arbor Day and many apple orchards. Nebraska City is a very historical town with a large tourist market. Very beautiful, scenic community that rates high in travel magazines. Several area bicycle trails provide a large base of cyclists that would have to travel 1 to 2 1/2 hours to find a store with this much inventory and service. Many small towns in the area have youth sports teams and purchase uniforms and teams players and parents purchase their sports equipment through this store. Baseball, softball, soccer, tackle football and swim team are all great profit margin sports in this store. Commercial fitness sales are strong with area fitness centers, colleges, hospitals and hotels. Fitness repairs are also strong as are home sales and repairs. An online store has recently been added and there will be over 100 items to purchase online. The store has an active website with high search ratings and a Facebook page updated weekly.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
6,600
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Six year old building with low heat and cooling bills. Geothermal heat pumps and vaulted ceilings with large wooden ceiling fans help with air flow. total square footage is 6,600 feet with approximately 5,000 for show room space and 1,600 for bicycle repair shop and storage. Show room has stone columns and a fish pond. Customer parking, self standing building and a garage door for deliveries and servicing larger equipment. New owner can have the option to purchase out right, purchase on time thru current owner or lease from the current owner.
Competition:
Nebraska City is an hour away from Omaha and Lincoln and more than two hours from Des Moines and Kansas City which also have Specialized bicycle dealerships. Large trade area with very little competition in the bicycle market and very loyal cyclists and sports parents in and around southeast Nebraska, southwest Iowa and northwest Missouri.
Growth & Expansion:
Over the past 5 years I have let the engraving and t-shirt and uniform service drop to focus on the bicycle sales, service and repairs. Large area and customer base to rebuild these services with great profit margins. For 30 years this business has been on the same block which is the highest traffic road running through the city. The courthouse is one block away as is Main Street. Nebraska City is starting to build a bike/walk trail network which will improve bicycle sales, sports apparel and shoes.
Financing:
Purchase or Lease option available.
Support & Training:
Will provide several months if needed of bicycle set-up and repair. Will provide all contacts for sports teams, schools and fitness equipment sales and service.
Reason for Selling:
I've run this business for 35 years and it's time to find a new owner.
Business Website:
http://thurmansbikeandsport.com

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Business Listed By:
james thurman

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