Profitable Bike Shop for Sale in Eastern Ontario Canada

Listing ID:
OTTAWON001-N1451

Eastern Ontario, Ontario, Canada

Sporting Goods Stores

Listing Status: Active

Sunbelt of Ottawa

Phone: (613) 731-9140 or 1-800-905-3557
Fax: (613) 526-0997

Description

Profitable Bike Shop for Sale in Eastern Ontario Bicycle Shop for Sale in Eastern Ontario Canada. This reputable Bike Shop enjoys strong loyal and repeat business due to its diverse, high-quality products. This Bicycle Shop Business for Sale offers a variety of bicycles, parts, and accessories as well as a selection of clothing for the whole family. This Bike Shop is known for its excellent customer service and knowledgeable staff. This business is uniquely suited for cyclist enthusiasts. The owner takes almost three months off in the winter. The current owner believes that the business can be expanded with limited capital investment. There are opportunities to increase revenue by focusing on augmenting the social media presence. With growing revenue and increased sales in high-margin product lines, this is an excellent opportunity. Asking price includes $33,000 in inventory. Financing options are available. Reason for Sale: Retirement

Financials

Asking Price:$428,000
Revenue:$613,000
Cash Flow:$192,000
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:$33,300 (Included in Asking Price)
Inventory Asking Price:$9,300 (Included in Asking Price)
Financing Available?Yes

Property

Type:Leased
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:2005
Year Acquired:
Full-Time Employees:3
Part-Time Employees:3
Reason For Sale:Retirement