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Specialty Bike Shop for Sale

Colorado, United States
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Asking Price$621k
Revenue$1.32m
EBITDA-
Cash Flow$130k
Description
If you are looking to own a business that is fun and realizing an uptick in enthusiasm within the bicycle industry this E-bike shop could be the perfect fit. What started as a side hustle for these owners quickly grew into a full time operation. These Sellers can tell you more about how this industry has grown but the hard work of convincing the public about the benefits of electric bikes is a thing of the past. Consumer sentiment for owning an electric bike is at an all time high. Since opening in 2006 this business has established a loyal following throughout all of Colorado West of the Rockie Mountains and even into Eastern Utah. This shop specializes in selling commuter e-bikes for the casual rider and although most customers are over 40, a trend is starting for younger folks to partake of the e-bike phenomenon. And while this shop doesn't promote sales of high-end road bikes or high performance mountain bikes, top of the line commuter brands with stellar reputation are perfect for most. Great pride is taken in assisting customers with an electric bike that answers the specific goals of the rider. By offering exceptional bikes at an average cost of $2500, many customers these days are either adding an e-bike to their collection or enjoying the ride they thought they may not have ever taken again. the business has exclusive rights to all brands of bikes sold. In addition to selling top of the line e-bike brands this business also offers a rental program. Currently class 1 commuter bikes are offered for rent. Class 1 bikes have a maximum speed of 20 MPH and offer pedal assist from the benefit of the motor but unlike class 2 electric bikes they do not have the throttle which provides full assist. This bike shop also services nearly all makes and models of e-bikes including brands they do not have for sale. This sets the level of service apart from others, since most shops typically only maintain the brands they sell. Parts are stocked for bikes that are up to 20 years old. The technicians are highly trained and essential to the business. It is projected that a team of 4 to 5 technicians will be staffed in the future. The technicians are vital to educating, servicing and providing confidence to the customers that the bikes they are purchasing will be maintained.
Real Estate
$800kNot Included in Asking Price
Building Size: 4008 sq. ft.
Furniture Fixtures & Equipment
$50k
Inventory
$225kIncluded in Asking Price
Number of EmployeesFull-Time: 5
Year Established
2014
Reason Selling
Retirement
Facilities & Assets
The business is located in a newer 4008 sq ft purpose built building. Service encompasses an 1100 sq ft area. Sales utilizes 1800 sq ft. There are two offices, as well as another office for the sale person. There are two bathrooms, a kitchenette, and storage. There is room for an expanded area or apartment in the roof area. The real estate is for sale. The property was purchased in 2021 and building was designed specifically for the bike shop.
Support & Training
Sellers will be available full time for up to 6 months of training.
Market & Competition
This bicycle shop has captured the niche market for the casual commuter bike rider who is generally over 40 years old. What makes this shop unique to the area is personalized service to mature sector of the market and the casual rider. Patrons are welcomed without intimidation of the gonzo crowd. So while many bike shops exist most do not cater strictly to the casual e-bike rider.
Growth Opportunities
While not in its infancy this sector of the bicycle market is still young and gaining even more popularity. No cons exist for growth. Expanding into other markets such as mountain bikes, gravel bikes, and road specific bikes would expand the customer base. Service is essential and with the continued growth of the customer base the need for additional technicians is inevitable and contribute greatly to the revenue. Ideas for growth are endless.
Asking Price$621k