Retail - Miscellaneous Retail | Services - Miscellaneous Repair

$Seller Financing Available

Asking Price	$875,000	Inventory	$95,000*
Gross Income	$406,787	Real Estate	$700,000*
Cash Flow	Not Disclosed	Year Established	1978
FF&E	$100,000*	Employees	4 Full/1 Part

* included in the asking price

** not included in the asking price

The Oldest & Best Known Bicycle Shop in Mobile. Located on a busy street in a modern, free standing building. The lot is 21,400 SF and the building has 7,500 SF, which is valued at $700,000 and included in sale price. They have a large and open showroom with a complete shop in the back. The shop is also open to the showroom and is a great selling tool for the service department. They carry many major brand name bikes such as: Raleigh, Diamondback, Schwinn, GT, Marin and Haro. They have a full inventory of accessories, clothing, helmets and anything that can be associated with bicycles. The business has a unique association with several large shipyards, chemical plants and other industrial industries to supply them with industrial grade bikes to use around the huge facilities. This is an asset sale: the value of the inventory, furniture, fixtures and equipment add up to $195,000 and these are listed for sale at $175,000. The real estate will be valued based upon an actual appraisal. We have a suggested real estate value of $700,000, but this will be adjusted based upon a new appraisal.

Facilities: 7,500 sq. ft. building; included in sale price

Seller Financing Available: Yes

Financing: Seller will negotiate financing

Support/Training: Seller will provide training

Reason Selling: Death of Owner