Queen Village Bicycles - Historic Philadelphia Neighborhood Bike Shop
Philadelphia, PA
| Asking Price: | $32,000 |
| Gross Revenue: | $150,000 |
| Rent: | $5,000/Month |
| Established Year: | 2020 |
| Cash Flow: | $20,000 |
| Inventory: | $30,000 |
| FF&E: | $50,000 |
Listing ID: 2210284Listing provided by BizBuySell
BUSINESS DESCRIPTION
Queen Village Bicycles for sale. Fully operational bike shop with all systems, POS, Website, Social Media, Equipment, inventory, fixtures all included in sale price. Captive local clientele and reliable sales and service bike shop. Business could easily double in revenue with dedicated full time mechanic added to current staff.
DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
28/06/2028
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Historic Queen Village shop in one of the busiest family neighborhoods in Philadelphia.
Completely remodeled store and opened as new shop in 2020.
New hardwood floors, drywall, ceilings and systems with two high efficiency mini splits with heat (low energy bills - $100/ month average).
Security cameras and system in place.
Replica Penny-Farthing Bike included.
Website, Facebook, Instagram all transferable with established Google Accounts.
Everything a new owner needs to step in and operated profitably from day 1.
Competition
Closest shops are 1 mile away. Dense population and walking population. Located across from busy market and on a highly desirable commercial street.
Growth & Expansion
Easily double in revenue with additional mechanic and active owner/operator.
Service alone will double revenue and increase profits.
Financing
Owner willing to negotiate sale price into the lease.
Support & Training
Manager will stay on for seamless transition.
Profitable if this is an owner/operator business.
Reason for Selling
Multiple business - diversification
BUSINESS LOCATION
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