World Renowned Cycling Retailer + TM - Nytro Multisport - For Sale

Encinitas, CA (San Diego County)

World Renowned Cycling Retailer + TM - Nytro Multisport - For Sale
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Asking Price: $799,999

Cash Flow: N/A

Gross Revenue: $1,250,000

EBITDA: N/A

FF&E: $50,000

Inventory: $350,000

Rent: $10,150 /Month

Established: 1992

World Renowned Cycling Retailer + TM - Nytro Multisport - For Sale

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Business Description

World-renowned bicycle and multisport retailer, Nytro Multisport is for sale. Founded in 1992 in San Diego, California, Nytro was one of the first triathlon and bicycle retailers to offer products and services both online and through a destination brick and mortar shop to triathletes and cyclists worldwide. Nytro was sold to Skip McDowell in 2007 who together with his wife, Kristie, took on the business to fulfill a dream of owning an active sports business. Nytro is a one-stop shop for the world’s best bicycles and multisport products, professional bike fitting, expert advice and low price guarantee.

Under McDowell’s 11+ year tenure in running the business, Nytro pioneered and expanded several programs that have become industry standards such as their Fly’N’Ride, Free Fit for Life, Price Match Guarantee and Free Shipping. Known as a people-focused retailer that heavily supports the community, Nytro sponsors several local cycling & triathlon teams, leading professional and amateur triathletes, and is proud to support the Challenged Athletes Foundation and Team Semper Fi.

“Over the years we have been blessed in supporting our beloved customers, developing relationships with the world’s top suppliers, and working alongside a very talented crew,” said McDowell. “I’ve felt so lucky to have a brick and mortar store on the famous Coast Highway 101 with safe bike lanes that overlook the sunny Pacific Ocean, a view that never gets old. Our website at www.nytro.com has provided a curated product selection to over 40,000 global customers, and I’ve enjoyed the opportunity to offer the best in cycling and triathlon to a community that my wife and I will cherish for life.”

Named one of America’s Best Bike Shops for 7 consecutive years by National Bicycle Dealer’s Association and Bicycle Retailer, Nytro receives 5 star reviews from customers and industry partners alike. Nytro was also ranked as a leading Triathlon Retailer in the US by Triathlon Business International, was recognized by Competitor Magazine as the Best Triathlon Shop in San Diego (2008-2016) and has been touted “the Mecca of Triathlon Gear” by Triathlete Magazine. (Video Here: https://www.youtube.com/watch?v=A1ms50obI74)

“Having recently turned 72, I feel it’s time to pass the torch to the next leader who will bring creative ideas, fresh energy, and new business strategies to the company,” added McDowell. “Nytro’s foundation for continued success is in place…respected global brand, mature operating systems, enthusiastic customer base, and a loyal staff. A new company vision can generate opportunities in new markets, new channels, new products, and new services.”

For inquiries, please contact Nick Mercuro of Pacific Business Advisors, or go to the Pacific Business Advisors website at: https://goo.gl/uSJmQj to complete an NDA and request additional information.

*Please do NOT contact the business directly or ask any employees about this sale.*

Detailed Information

Location:
Encinitas, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,650
Lease Expiration:
1/31/2023
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3600+ Square Foot Retail Storefront in with Highway 101 Frontage + State of the Art E-Commerce Platform
Competition:
- Focused Product Selection – offering state-of-the-art quality gear from industry leading brands - Tenured and Loyal Staff – Sales (3), Service (2), internet (1), buyer/HR (1), manager (1) - Mature Operating Systems, Processes, and Procedures - Lightspeed point-of-sale and ecommerce platform – prepaid through 3/31/21 - Deep relationships with leading global brands and affiliations - Enthusiastic Customer Base – consistently attracting new and returning customers - Expert Customer Service – knowledgeable professionals providing expertise and advice - Active Community Involvement – charities, teams, clubs, athletes - Founding Member and Equity Investor in Triathlon Business International - America’s Best Bike Shops recognition by National Bike Dealers Association – 6 years in a row
Growth & Expansion:
- New Markets – additional stores, International expansion - New Channels – franchise opportunities, affiliate partners, Amazon, eBay - New Products – expand road & tri bike offering to mountain, urban, and eBikes; Nytro branded gear - New Services – mobile bike/concierge service, eBike rentals, Nytro National Team/Club, athletic training, local cycling tours, coaching and personal training
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
Business Website:
http://www.nytro.com
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Nick Mercuro

Business Listed By:
Nick Mercuro

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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