Manhattan Bicycle Store For Sale

Manhattan, NY (New York County)

Seller Financing Available
Manhattan Bicycle Store For Sale

Asking Price:$280,000

Cash Flow:$100,000

Gross Revenue:$400,000

EBITDA:$100,000

FF&E:$50,000

Inventory:$100,000

Lease Rate/Sq. Ft.:$43

Established:1998

Manhattan Bicycle Store For Sale

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Business Description

Full service retail bicycle store. Top Brand bicycles, repairs, rentals, parts and accessories. 1000 sqft with same size basement. High ceilings. Great location CORNER location in Down town Manhattan. Below market rent. Over 7 years left on lease.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/1/2023
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Below market rent. Over 7 years left on lease. All equipment and tools included.
Competition:
Our revenue has been consistent for the past 8 years. The store has always been profitable.
Growth & Expansion:
2 other stores in the area closed down this year. Expect market share to increase next season! Both loss their lease due to landlord increasing rent. This store has a large co-op as landlord and they really like and want to keep BICYCLE STORE there. They will not price gauge in 7 years if your a good tenant.
Financing:
Financing available
Support & Training:
Manager and staff in place. Owner operators can learn the business through manager and staff.
Reason for Selling:
Opening hotel in Costa Rica. Have another store in Brooklyn. Keeping it simple

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Business Listed By:
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