Retail Bicycle Shop & Repair -$99,000

Minneapolis, MN (Anoka County)

Retail Bicycle Shop & Repair -$99,000
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Asking Price: $109,000

Cash Flow: $70,000

Gross Revenue: $469,317

EBITDA: N/A

FF&E: $25,000

Inventory: $90,000

Real Estate: N/A

Established: 1987

Retail Bicycle Shop & Repair -$99,000

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Business Description

This business is a retail bicycle and bicycle maintenance shop which sells and repairs products, like Trek, Schwinn and many other brands. Provides a full range of bicycle maintenance that includes services like adjustments, assembly, maintenance, and repair. Sales include a wide range of type of bikes, including Terrain bikes, comfort bikes, hybrid bikes, mountain bikes, racing bikes, and kids’ bikes.

Accessories sold include, bags, gloves, helmets, locks, racks clothing and tires.

Another profit center of the business is skate sharpening for figure and hockey skates. With hockey sticks and hockey accessories, this helps with the seasonality of bicycle sales
Business was established in 1987 by the current owner. Hours of the operation are Monday – Friday 9 am to 8 pm and Saturday 9 am to 5 pm and Sunday 12 to 4 pm.

Detailed Information

Location:
Minneapolis, MN
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is located north of the metro area. The facility is 7200 square feet and the building is owned by the seller. A buyer can purchase the building for $350,000 or lease the space. The lease amount would be $1,500 a month and for 5 years or longer if a buyer prefers
Reason for Selling:
Retirement
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Peggy Scheeler

Business Listed By:
Peggy Scheeler

Opportunities In Business

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Sponsoring Broker:
Thomas Green

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