Turn Key E-Bike Rentals, Sales and Service

Seller Financing Available

Entrance to shop

E-bike Pioneer since 2010, Great for Owner/Operator

Take over an operating profitable business with no debt and fantastic growth potential for an ambitious entrepreneur. This is not an absentee owner business, you should be involved in the business at least part time. Perfect location for this bike business right across the street from the American River and Johnny Cash bike trails with plenty of free parking in Historic Folsom, a tourist destination. Location is secured by a 10 year lease (5 years with one 5 year option) with City of Folsom at 6% of gross. Electric bikes are now accepted in the mainstream and very popular. Practical Cycle is a well known and respected local brand that has been an electric bike dealer since day one and has over 22,000 customer records in the POS. Rentals are a great way to introduce buyers to the brand, and that high margin income provides a sound revenue foundation. Additional income streams from service, parts and accessories to previous customers and a steady flow of bike riders that continuously ride by at the crossroad intersection of the American River and Johnny Cash bike trails in Historic Folsom. We are the largest bike rental operation in the area serving individuals, families and large groups with over 20 e-bikes, over 20 regular bikes plus kids bikes, trailers and specialty cargo bikes for rent. Fixtures include two station customer counter with POS terminals, fully equipped workshop with double side electric lift and every specialty bike tool, large inventory of repair parts and accessories, a wrapped delivery van in great condition with under 75k miles. Online assets include www.PracticalCycle.com with e-commerce and online reservation system, newsletter with over 4k subscribers and social media presence on all platforms. Potential for growth is only limited by your imagination and energy. Add a showroom and stock new bikes, revive the Nihola cargo trike import business, expand brands offered or continue with the current brands. Business is approved and enrolled in state and local electric bike subsidy programs and well positioned to promote and serve the growing transportation segment of the industry. The owner wants to retire and enjoy the next chapter of life without the ongoing responsibility of business ownership. Will consider part trade for land. Will consider seller finance to qualified proposal.