100 Year Old Profitable Bike Shop
Cedar Rapids, IA
| Asking Price: | $1,065,000 |
| Gross Revenue: | $2,725,000 |
| Rent: | $9/SF/Year |
| Cash Flow: | $266,000 |
| Inventory: | $300,000 |
| FF&E: | $524,198 |
Listing ID: 2246113Listing provided by BizBuySell
BUSINESS DESCRIPTION
100 Year Old Profitable Bike Shop
Long-time market leader in industry category projected to have double-digit growth over the next 6 years.
Iowa based retailer recognized nationally as one of the best in the Industry for 11 of 12 years.
Six year sales average of $2.7 million.
Limited retail hours - only open to public 38 hours per week.
Strong long-term relationships with many key lines.
Loyal customer base.
DETAILED INFORMATION
Location
Cedar Rapids, IA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
12,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Click the link below for a 3D virtual store tour.
The business moved into the current location in 1979. The facility is a 12,000 square foot building in excellent condition.
The current lease expires in approximately two years. The landlord is open to a lease assignment and lease extensions.
Competition
This business is the dominant retailer in a market with a vibrant, thriving, growing bike culture.
Growth & Expansion
Expansion and scalability easy due to current conditions of: untapped customer database of 55,000 plus, no paid outreach, no loyalty program, no extended service plans and limited retail hours, marketing and social media.
Support & Training
The owner is willing to assist in a smooth transition.
Reason for Selling
The owner would like the flexibility to spend more time with family.
BUSINESS LOCATION
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