Incredible Bike Shop with amazing location and massive customer base.
Asking Price: | $180,000 |
Gross Revenue: | $300,000 |
EBITDA: | $35,000 |
Established Year: | 2013 |
Cash Flow: | $70,000 |
Inventory: | $114,000 |
FF&E: | $30,000 |
This is a rare opportunity to own or invest in a business that has seen increased revenues year over year post Covid and is located in a prime development district. VCS, established in 2013, is known and loved by locals, snowbirds and customers across the Space Coast as the place to go for honest prices, trustworthy service and repairs, and well sourced products beyond just bikes. Whether shopping for your child’s first bike, moving into a hybrid or road bike, wanting a specialty bike, or needing a top end road or mountain bike the VCS is the place to go. To meet the expanding lifestyle needs of our cycling customers the current owners have enhanced the clothing, accessories, and lifestyle products that complement our Florida outdoor lifestyle and proximity to the water.
With multiple cycling clubs/groups in the area, most notably the local Space Coast Freewheelers, along with triathlons and running events such as the Space Coast Marathon, plus easy access to the Titusville trail which offers 40 miles ++ of non -vehicular usage and is the Eastern head of the Coast-to-Coast trail, the shop is primely located in a very active region. The proximity to nearby Titusville and range of respected and known brands carried in house has allowed VCS to become a local favorite with customers making the drive to test and purchase bikes. This also offers potential expansion opportunities. Pick-up and Delivery services and rentals round out the extra service offerings most other local shops don’t offer. -
In 2023 VCS moved from its quaint1000 sq ft location to the South district of Cocoa Village. Strategically this offered multiple benefits. These include – reduced operating costs, dedicated parking lot and service entrance at the back of the shop, more than double the space for retail and extra storage, and a next door placement to the 2024 approved Hotel development going in at the corner of Brevard and Factory St. Merely a 3-minute walk to the North of the shop is the empty Bank of America building which will begin demolition and rebuild into a beautiful 300-unit luxury apartment complex. And a 3-minute walk to the South is the newly built soon to open luxury apartment complex straddling Florida Ave and US Hwy 1 in Rockledge. The increase revenues and customer base from these developments is unlimited with potential well beyond just bicycle sales and service. The proximity to quicky growing Viera where the HHI is higher than average, again provides a quickly growing market for future customers.
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