Profitable East Bay Bike Shop: $110K+ Projected 2019 Net Income

Alameda County, CA

Seller Financing Available
Profitable East Bay Bike Shop: $110K+ Projected 2019 Net Income
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Asking Price: $79,000

Cash Flow: $94,000

Gross Revenue: $762,000

EBITDA: N/A

FF&E: N/A

Inventory: $220,000*

Rent: $4,344 /Month

Established: 2015

*not included in asking price.

Profitable East Bay Bike Shop: $110K+ Projected 2019 Net Income

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Business Description

For Sale: Established and very profitable bike shop in busy downtown area of affluent East Bay city. With a clean, modern and very inviting showroom, this store is run by an absentee owner. This is a great opportunity for an experienced business owner or a husband/wife team.

This store features all categories of bikes and enjoys recognition from their frequent presence at racing events, which the current owner will continue to promote after the sale. This is a turn-key opportunity: all the hard work of establishing a great storefront, a loyal clientele, and a top-notch reputation for providing great service and support has been completed for the new owner. Seller has offered to remain involved with the store and continue to promote it after the sale.

Seller claims 2019 YTD (through Nov 1) gross revenue of $762K and YTD adjusted net income of $94K. That is a projected annualized gross revenue of $914K and $113K net income for an absentee owner. An owner operator could see net income of over $175K. For 2018, the gross revenue is $788K and adjusted net income of $34K, which would be approximately $100K for an owner operator.

There is approx. $220K worth of inventory, including bikes, gear, and accessories, that would be added to the asking price.

All fixtures and equipment included in the sale price.

Lease expires in Nov 2020 - Landlord has expressed strong desire to extend a new long-term lease to a qualified buyer.

Please request a confidentiality agreement to get address and more details.

Disclaimer: The buyer is encouraged to take necessary steps to conduct due diligence before committing to the transaction. This information has been provided by the seller of the business and has not been verified by the listing agent/broker. This information is subject to errors and omissions in price, projections, opinions, assumptions, future estimates, and other conditions such as lease or financing, or changes or withdrawal without notice. Potential clients/buyers are advised to seek professional help from their accountants and attorneys before purchasing or investing in a business/property.

Detailed Information

Location:
Alameda County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,620
Lease Expiration:
11/30/2020
Employees:
5
Reason for Selling:
Focusing on other business
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Jeff Shenk

Business Listed By:
Jeff Shenk

Liberty Business Advisors

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