Bike Shop and Building for sale

Southern Lower , MI

Retail for Sale - $69,000 - 2,500 Sq. Ft.


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Agent Info

NameMichelle Webster
CompanyBB&F, LLC.

Property Info

CIMLS #924551
LocationBike Shop and Building for sale
Southern Lower MI 48001
Last UpdatedJune 8th, 2018
TypeRetail
Price$69,000
Building2,500 Sq. Ft.
DemographicsView data

Contact


Property Description

This business is pre-approved for SBA financing.

Sale price for the Business reduced to $69,000 plus Inventory.

Top of the line bike shop in a busy town is for sale as the sellers wish to retire. The owners have protected territorial rights with different bicycle manufactures. The bicycle shop carries TREK, the #1 bike brand in the world, as well as Electra, Haro and GT. Recently added to the asset list is a Trek Digital Fit Station in the showroom. Touch-screen operated, the electronic Tower is easy for a customer to operate to determine (1) the right size bike for them (a digital picture is taken of the customer), (2) the right model bike and (3) browse Trek’s catalog.

Bikes, bike parts and accessories for all ages and skills are available for sale at this store, offering the community a great choice, complete with great service. This retail store offers a repair service as well. Owners are included in employee count. Two of the part time employees are seasonal.

Gross: $312,397

Cash Flow: $76,068

FF&E: $14,083 Is Included

Inventory: $87,075 Not Included

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement). Call 734-323-0376 or email michelle@bbfbrokers.com for more information.

Detailed Information

Facilities: Approximately 2500 sq ft total building is offered for sale at this time also, preferably to the buyer of the bike business. 554 feet of road frontage offers excellent store front visibility. If desired building could house two complementary businesses, thus creating an additional stream of income for the buyer of the building. Sellers may consider a short term lease.

Competition: Protected territories for the high-end bikes, somewhat limits competitors.

Growth/Expansion: Electric bicycles would be a good add-on product offering for this store. Increasing cycling events, E-Commerce and expanding the sports line of products to include winter products such as sleds, snowboards, and skis may be avenues for growth and expansion,.

Support/Training: Owner is willing to assist buyer as agreed to and needed.

Reason Selling: Retirement


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