Popular And Well-Known Bicycle Shop with Two Locations
Northern, Virginia
| Asking Price: |
Gross: |
Cash Flow: |
| $150,000 |
$850,678 |
$95,811 |
Furniture and Fixtures Value:
$225,000 (included in the asking price)
Inventory Value:
$243,465 ( not included in the asking price)
Business Summary:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop with two locations that has been in business for over forty years! Both locations are in Prince William County. The core area of focus is bicycle sales along with a robust service and repair business. There is a large inventory of major brands including Giant, Specialized, Pivot, Yeti and more!
The business has long been recognized in the Northern Virginia community as one of the areas most trusted sources for all cycling needs. The shops are fully staffed with knowledgeable sales and service technicians. This is a turn key opportunity for any aspiring entrepreneur to take a seat at the table as the new owner of an established bicycle enterprise with over four decades of loyal customers to continue to grow and expand the business.
The total asking price of $393,465 ($150,000 + $243,465 in inventory) is less than the total value of all the assets with FF&E ($225,000) and Inventory ($243,465) being valued at $468,465 so it's like getting the name, reputation, and goodwill of the business for FREE!
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| Year
Business was Established: 1980 |
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| Facilities / Terms of Lease:
Both locations are in Prince William County. Specs for each location are as follows:
Location #1
4220 Square Feet
Monthly Rent: $7,896.23
Location #2
4090 Square Feet
Monthly Rent: $6,159.40 |
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| Potential
Growth/Expansion:
There is room to grow and expand the business. |
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| Competition:
There is standard competition for the industry and market, but the businesses have been established for over forty years so it has cultivated a loyal following over the years. Please note, one of the locations recently had a nearby competitor close and that location is already seeing a benefit from its closure. |
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| Owner
willing to finance:
Yes. |
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| Owner
willing to train:
Seller will provide necessary training and support. |
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| Reason for selling:
Owner is retiring. |
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| REQUEST MORE INFO |
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