Business Description
This business is a retail shop that primarily sells Electric Bikes. The business sells E-Bike (80%) in sales with maintenance/service about 18% of sales, with parts and accessories making up the remainder of the sales. Maintenance provides a full range that includes services like adjustments, assembly, maintenance, and repair. Accessories sold include gloves, helmets, locks, and lights.
The business was established in 2022 by the current owner. The hours of the operation are Tuesday – Friday 10 am to 6 pm, Saturday 10 am to 4 pm and on Sunday and Monday the business is closed.
Business includes inventory of $108,000
Business Details
ASKING PRICE: $335,000
REASON FOR SALE: Another business to manage
GROSS SALES: $805,744
CASH FLOW: $103,000
FACILITY:
The company is located in the north suburb of the metro area. The facility has 2,200 square feet of retail space and 650 square feet of managed warehouse storage/assembly space. The lease expires in 2027; a buyer can extend the term of the lease. The gross lease is $5,900 a month currently
EMPLOYEES: 5
