Established and Profitable Bicycle Store East Boca Raton

Boca Raton, FL
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Asking Price:$440,000
Gross Revenue:$850,000
Rent:$7,800/Month
Established Year:2014
Cash Flow:$150,000
Inventory:$50,000
FF&E:$60,000
BUSINESS DESCRIPTION

Don't miss this unique opportunity to take ownership of a well-known and respected One Stop Bike Shop in East Boca Raton, close to the beach and in a high-traffic area. The well-known BIKE Shop has been in business for over 10 years providing high-quality customer satisfaction. This is a cyclist’s haven, offering a wide range of services to cater to all biking needs. This is the real deal, the Bike Shop offers the sales and repair of regular and electric bikes; custom-built bikes, and wheels, cyclists' needs only to ask what they are looking for. Additionally, this store also offers bike rentals for those who come to visit Boca Raton and don’t want to drive and enjoy the beautiful Florida weather and consignment. Furthermore, the addition of E-Bikes to their offering lineup has improved sales and is predicted to be a growth engine in the bicycle industry for many years to come. The store currently sponsors the BMX team in West Palm, to stay where the bike lovers are. Boca Bike Shop-Customize Your Bike | Boca Raton FL . Bicycles Inventory paid separately based at the time of the sale.
This is a perfect opportunity for someone with a passion for bike and entrepreneurship to build off an already successful foundation to the next level. Ample Parking Space for the clients. Inventory-Furniture - Shop Brand Name and Marketing all inclued. Might be Elegible fro E2 Visa


DETAILED INFORMATION
Location
Boca Raton, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
19/07/2024
Employees
1.5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Equipment, tools and furniture all in good condition Lease expired in a year, but current owner is willing to renew for 5 years and transfer. Owner available to train the new owner
Competition
Unique store, one stop bike shop for all pockets. Repairs electric bike.
Growth & Expansion
Online sale, Electric bike sale, Electric bike rental, partner with local hotels to rent bikes. Participate to cycling events to promote business and attract high hand cyclers. Possibility to double the sale
Financing
Inventory avaialble at the time of the sale can be paid in 90 days
Support & Training
Owner Available to support for several weeks, or as much as needed. Business Name Transfer, marketing tools Vendor contact and credit limits transfer.
Reason for Selling
Owner is looking to move up north.
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Dimitri
Voncini PA
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Dimitri Voncini PA