Profitable, Growing - Bicycle Sales, Rental & Repair Biz, SBA Approved

Newport Beach, CA (Orange County)

Profitable, Growing - Bicycle Sales, Rental & Repair Biz, SBA Approved
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Asking Price: Get Financing: $250,000

Cash Flow: $102,592

Gross Revenue: $695,118

EBITDA: N/A

FF&E: N/A

Inventory: $110,000*

Lease Rate: $3.91 /SF/Month

Established: 2007

*not included in asking price.

Profitable, Growing - Bicycle Sales, Rental & Repair Biz, SBA Approved

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Business Description

This profitable and growing business is the perfect opportunity for a bicycle enthusiast, or someone looking for a lifestyle business by the beach! Approximately 65-70% of the revenue come from sales (online and retail), with plenty of upside potential to grow the business. About 30-35% is from rentals and repairs. Great location within walking distance from the ocean. Lots of locals and tourists! Great reputation and online reviews! Well trained, capable staff! Act quickly, this won't last. Retirement sale! SBA Pre-Approved with 10-20% downpayment depending on buyer qualifications.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
5
Facilities:
2300 sq foot space include retail store front, warehouse and repair/rental area. Located in a prime, upscale area within walking distance from the beach. Ideal location to capture visitors and tourists to the beach looking to rent a bike!
Support & Training:
Seller will provide training and support to help ensure a smooth transition to buyer.
Reason for Selling:
Retirement
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Contact the Seller

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Vinil Ramchandran

Business Listed By:
Vinil Ramchandran

Dream Commercial

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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