Groovy Beach City Bike Shop Ocean Breezes

680 Bike
Asking Price:$99,000 Gross Income:$240,000 Cash Flow:$50,000
EBITDA: FF&E:$15,000 Inventory:$40,000
Real Estate: Established:1962 Employees:1

Business Description

Here's your opportunity to purchase a lifestyle business in the gorgeous South Bay. Manager currently on staff is a jack of all trades that is capable of making repairs & sales independently and works the business full time. Inventory included in this turnkey store which has stood the test of time. Initially purchased as a project for an eCommerce ace, this opportunity needs a seasoned bike entrepreneur to realize its full potential. There are good core components of this business, but it needs some new blood to drive additional sales. 40% sales, 60% service is breakdown of present revenue, so upside exists on building sales at the location. NDA is required for exact business address.

Additional Features

Facilities: Street front retail on busy South Bay thoroughfare.

Competition: Despite the low barrier to entry to set up any particular shop (just sign a lease) the inherent value of this operation besides the cash flow lies in the exclusive CONTRACTS the shop has to sell specific high-demand brands.

Growth/Expansion: Needs owner operator who’s only focus is on business development. Current ownership just relies on good will and clients that stop in.

Financing: Cash preferred, but if the price and deal structure is right.

Support/Training: As needed.

Reason Selling: Current manager is relocating soon & the Owner lives in New York.

 

 

NDA’s are always required to secure due diligence packages for our engagements. Please reference 680 Bike Shop when typing your name on our form please! Thank you!!

Please take a moment to <strong><a href=”https://docs.google.com/spreadsheet/viewform?formkey=dEZidW5lTUdPVTZuVkRlMkZ5RjBVTXc6MQ” target=”_blank”>CLICK HERE</a>,</strong> to fill out our online confidentiality agreement. Once we receive your NDA we will follow up and provide the due diligence package on the opportunity you are interested in.

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