Bicycle Sales /Repairs/Parts
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $99,000 |
$150,745 |
$5,613 |
Furniture and Fixtures Value:
$15,000 (included in the asking price)
Inventory Value:
$55,000 (included in the asking price)
Business Summary:
This business can be bought for a good offer from Owner who self-destructed a former million dollar business due to fall out from a divorce. Now is the proper time to get into the business (bicycles) where there is a positive growth pattern (riding bikes doesn’t cost) get into this opportunity for $25,000 – obo Down, present a positive attitude and salesmanship and new patrons will start coming in. Inventory of 50,000 plus Fixtures of 15,000 included in sales this placed closed Sunday, best day of the week for Bike Sales. Has top brand names Cadillac, GT, Schwin Plus Full Line of BMX – Kid Bikes. Biggest part of business is repairs 60% profit margin. Reconditions and sell used bikes for over 100% profit. Tire tubes cost $1.00 sell for $5.00 and charges $6.00 to insert tube into tire. Has $600 and $900 dollar bikes in inventory. This business can increase profit margins drastically by opening up on Sunday, and putting ones salesmanship to use. Has Super Lease with little up charge for 18 years. Street parking and free city parking directly across street.
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| Year
Business was Established: 1973 |
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| Number of Employees:
3 PT |
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| Facilities / Terms of Lease:
5,000 sq.ft. Store with full basement 5,000 – loaded with updates inventory, street and municipal parking. Too much room. |
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| Potential
Growth/Expansion:
More aggressive salesmanship – open up on Sundays, possibly best day on terms of volume sales and start advertising campaign |
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| Competition:
Only Bicycle store in area is about two miles distant and is fairly small store. |
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| Owner
willing to finance:
Owner wants to get out as fast as possible. Would consider any offer. |
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| Owner
willing to train:
yes |
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| Reason for selling:
Owner wants out fall out from divorce |
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| REQUEST MORE INFO |
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