Profitable Bike Store-Reduced!

Suffolk County, NY

Seller Financing Available
Profitable Bike Store-Reduced!
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Asking Price: Get Financing: $59,000

Cash Flow: $70,000

Gross Revenue: $175,000

EBITDA: N/A

FF&E: $20,000

Inventory: $30,000*

Lease Rate: N/A /SF

Established: 2006

*not included in asking price.

Profitable Bike Store-Reduced!

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Business Description

Owner says SELL! This Main Street Boutique Bike Store has a Great Location in a Great Town and is priced to SELL! It sells new bikes along with servicing older bikes as well. Great terms are available from the vendors with approved credit. Be just in time for the busy times ahead in this year. The store is open 7 days a week.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1600SF bike store has been family run since 2006! It has been serving the community for over 10 years! This great Main Street location has great visibility and also rear parking! There is also a huge area in the basement for bike storage. The current lease is month to month but a new 5/5yr lease can be negotiated.
Competition:
Very Little
Growth & Expansion:
There currently is no marketing campaign or internet presence on this business, which means there is a huge opportunity to expand on this already profitable store. The current client base is recreational but can be expanded on into the specialty or higher end if so desired.
Support & Training:
2 weeks
Reason for Selling:
Retiring
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(from currently available funds)
 
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Steve Neary

Business Listed By:
Steve Neary

First Choice Business Brokers

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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