Profitable, Long Established (27 Years) Bike Shop - Owner Ready to Retire!

Business Summary:
This can be a life changing opportunity for someone wishing to purchase a bicycle store in Colorado’s Front Range. This bicycle store is one of the top performing bicycle stores in the country with profitability over four times the national average. (15 to 20% net income vs. the industry average of 4.7%). The business is focused on a profitable niche in the cycling industry. The limited competition and national reputation of this business drives the strong profits. The business has served generations of customers over the past 27 years and offers a wide range of products and services, including bicycles, supplies, repairs, and clothing. With a prime location and a loyal customer base, the business has extensive growth potential.This bicycle store has substantial growth potential. The sport of cycling encourages outdoor activities and living a healthy lifestyle. For this reason, the cycling industry is growing rapidly as more and more people are becoming environmentally and health conscious. The demand for bikes has never been higher and there's no end in sight. Bicycling has grown into one of the most popular recreational sports, along with walking, running, and hiking.The business is for sale because the owner is wishing to retire. This is a once in a lifetime opportunity for someone wanting to get into the bicycle business. This business is positioned for solid, recession proof profits for years to come. The owner is actively involved in the day-to-day running of the business and is offering a comprehensive handover and transition period. This is an opportunity not to be missed.