Premier Boulder Bike Shops #1702

SOLD!

Details

Bike Shop For Sale

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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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.
2016-01-06T12:01:55+00:00January 6th, 2016|Sold Businesses|