Business
This business is a retail shop that sells regular and electric bikes. This shop does 58% in bike sales with maintenance/service about 14% of sales, and parts and accessories make up the remainder of the sales. Maintenance provides a full range that includes services like adjustments, assembly, maintenance, and repair. Accessories sold include bags, gloves, helmets, locks, racks, and tires.
The business was established in 1991 by the current owner. The hours of the operation are Monday – Friday 10 am to pm and Saturday 10 am to 6 pm and on Sunday the business is closed.
ASKING PRICE: $175,000
REASON FOR SALE: Retirement
GROSS SALES: $996,736.64
CASH FLOW: $160,000
FACILITY: The company is located west St Paul area. The facility is 2812 square feet of retail space and 2800 of storage space, in the lower level. The lease expires in 2025, a buyer can extend the term of the lease. The gross lease is $5,185 a month currently.
