SOLD!
Details
Asking Price: |
$799,999 |
Annual Sales: |
$2,613,611 |
Cash Flow: |
$208,277 |
Inventory: | $260,000* |
FF&E: | $115,000* |
Real Estate: | N/A |
Employees: | 10FT & 6PT |
Location: | Boulder |
*Included | |
**Not Included |
Business Description
Full Cycle, Inc.’s two well-placed store locations sit in the center of Boulder’s primary action centers. The Hill location is adjacent to the 30,000-student University of Colorado campus, and the downtown location serves Boulder’s recreationally-active population throughout the city and region.
Bike brands include industry leaders Giant, Felt, Kona, Ibis and Merckx. Full Cycle is the largest Giant dealer in Colorado, and one of the top ten in the country. All categories of bikes are offered through the two locations, and the store also carries a wide range of clothing and accessories tailored to the needs of its market. Both stores feature a well-regarded service department.
Sales have averaged $2.6M over the past four years. Both locations have leases with long-term renewal options for continuity of operations, and reasonable rental rates. The stores present well with a suitable balance of space to sales.
An energetic, passionate and involved business-oriented manager with knowledge of the retail sporting goods or cycling industries is considered optimal. Interested buyers should possess the financial resources to acquire this business without institutional or seller lending contribution. Current owner has transitioned to a new career and is motivated to close quickly.
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