SOLD!

Details

bicycle retailer in colorado front range for sale

Asking Price:
 $3,295,000
Annual Sales:
 $3,428,221
Cash Flow:
 $930,300
Inventory: $325,000
FF&E: $150,000
Real Estate: Lease
Employees: 1 FT Owner
9-11 FTE & Seasonal
Location: Front Range
Reason For Sale: Retirement

 

Business Description

This high performing bicycle retailer rewards your love for the outdoors with a career surrounded by enthusiastic employees and customers! Company has well-trained, mature management in place, including sales, service, marketing, and accounting. Well established in their market, decades in business, with a multi-generational clientele. Few careers offer this fulfillment and opportunity – surround yourself with products that benefit your customers’ health and wellness, in a business with top of industry performance!

This business has an excellent position within a very strong market, is professionally branded, and is nationally recognized as a top industry performer. More than a bicycle shop, this is a professionally managed bicycle business. Company has excellent vendor lines, product mix, and metrics atop their peers! Very strong employee team is professionally trained, with extensive industry experience.

Sale includes all assets and computerized systems, and professionally prepared financials. The lease is active to 2030 and market competitive. There are options for lease extension or real estate purchase. This is a great business for a new industry entrant, or experienced industry marketing or finance professional transitioning to self-employment. Applicants should love bicycles and people :)!

This shop serves new and experienced cyclists via retail, rental, professional services, and lifestyle products. Professionally marketed with an active customer database (100,000), print and web promotions, and proven operational systems. Owner and staff manage day to day controls. Market and business continue to perform very well in 2021 – this business has grown 67% since 2016!

Qualified Buyer brings 15% – 25% down-payment. SBA and Seller may assist with financing (incentives from the SBA for your first-Six SBA Payments to be Forgiven!)

This business generated 26% growth in 2020, and 67% growth since 2016!
Excellent Management and Employee Team!

Represented by Thom Beckett. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.