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Bicycle Shop in Central Orange CountyBicycle Shop in Central Orange County
$190,000 Cash Flow: $124,133
Bicycle Shop in Central Orange CountyBicycle Shop in Central Orange County

Irvine, CA

Store has top brands and excellent reputation in the community. It has product lines of upscale bikes and accessories; it also provides services in bicycle tune-ups/repair, bike rentals, bike fitting, fitness testing, cycling tours and athletic massage therapy. The business was first established in 2004, and bought by its current owner in 2009. The new owner expanded the premises and invested a significant amount of dollars into leasehold improvements. They have acquired loyal customers over the years and have a sizeable customer database. They are up to date in the popular trends in the bike industry. They have done a good job establishing long term relationships with major suppliers. They have been able to successfully generate over one million in annual revenue on average in the past few years. Ideal candidate is a cycling enthusiast with a good business sense who wants to roll up their sleeves, become the face of the shop and be active in the local cycling community. The owner thinks that there is attractive upside to create additional value (subject to owner performance). For example, by virtue of its location near many businesses, corporate contracts for service and repair is a promising segment; more opportunity for additional bicycle fitting revenue if the new owner/additional staff is trained in this discipline. Many people are also interested in renting high end bikes (location near an airport is a major benefit); also, expanding the cycling tours could add significant additional revenue to boost gross profit margin

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