Profitable Bike Shop

Utah County, UT

Profitable Bike Shop
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Asking Price: $499,999

Cash Flow: N/A

Gross Revenue: $750,000

EBITDA: N/A

FF&E: $50,000

Inventory: $528,007

Rent: $8,000 /Month

Established: 2009

Profitable Bike Shop

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Business Description

Profitable Bike Shop

We pride ourselves on being the friendliest bike shop in Utah. For 10 years we've focused on building the cycling community in our area. We have events that drive traffic to our shop and build customer loyalty. Our store has a fun and friendly vibe to it which is one of the reasons we have such a loyal base of customers. This is a business that a person with the right skillset could take to the next level.

Our staff is great, we have a good team of employees who are passionate about bikes and great with customers.

Detailed Information

Location:
Utah County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,300
Lease Expiration:
5/31/2022
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large 4,300 sqft building with over 3,000 sqft of retail space with lots of onsite parking and rear parking for staff. The shop area has 3 organized and clean work stations. Mezzanine/loft is used for bike fits, office space, and storage. There are two dressing rooms and one ADA compliant bathroom. There are two mop closets for maintenance item storage. Retail area boast bikes and accessories for all types of riders and riding styles.
Competition:
Our area is geographical area is booming with growth. We boarder the city but also serve a large rural population. We are the largest and almost exclusive bike shop in our area. Our landlord owns the majority of retail space in the area and we have the exclusive rights to a bike shop.
Growth & Expansion:
With existing SOP's and relationships opening another store in another area is very feasible and if desired could even expand current retails space. The unit next to the shop is vacant and is the last remaining vacant spot in the shopping center. There are additional services and opportunities that have not been ventured that would sure to bring additional profits for the right owner.
Support & Training:
We have managers and staff in place that would like to stay on after a buy-out. We will train and support the new owners for up to 6 months and can be available for extended training.
Reason for Selling:
Owners have multiple businesses that demand all of their time.
Business Website:
http://www.Noblecycling.com
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Business Listed By:
David Ballard

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