90-Year Established Bike Shop
Not Disclosed, MI Not Disclosed
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- RE: 90-Year Established Bike Shop
- Contact: Calder Capital
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $1,357,109 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $349,225 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $87,727 | |
| Real Estate: | $850,000 | |
| Year Established: | Not Disclosed | |
| Employees: | 4 | |
| BBN Listing #: | 979314 | |
| Broker Reference #: | 274 |
Business Overview:
Based in Michigan, the Company offers a diverse selection of bicycles and tricycles, featuring high-quality products from leading brands. Alongside its product offerings, the Company provides comprehensive repair and maintenance services, including specialized electric bike repairs, custom fittings, and a broad array of bicycle accessories.
With nearly a century of experience, the Company has built a strong reputation for quality, maintaining a significant presence across both brick-and-mortar and online sales channels. It has a proven track record of success in niche markets and has established a well-recognized brand with a diverse customer base.
The current owner is looking to retire to spend more time with family but is willing to assist with the transition to new ownership. The Company operates from its own facility and leases the adjacent building from an unrelated third party to expand its showroom space and storage capacity. The current owner plans on selling the Company-owned facility.
Buyers will be required to have a minimum of $200,000 in liquid funds to be considered for this opportunity.
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Property Features and Assets:
The Company operates from its own facility (5,500 sq ft) and leases the adjacent building from an unrelated third party to expand its showroom space and storage capacity. Ownership plans on selling the Company-owned facility.
Market Competition and Expansion:
Investment Highlights Include:
1. Established Legacy
2. Niche Market Leadership
3. Diversified Sales Streams and E-Commerce Strength
Growth Opportunities Include:
1. Expansion Through 3rd Party Platforms
2. Automation Capabilities
3. Increasing Focus on Service Department
Reason for Selling:
Ownership would like to pursue retirement.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Michigan businesses for sale
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