UNIQUE bike rentals
Hilton Head Island, SC
| Asking Price: | $1,500,000 |
| Established Year: | 2020 |
Listing ID: 2259157Listing provided by BizBuySell
BUSINESS DESCRIPTION
BUY ONLY BIKE BUSINESS FOR SALE ON HILTON HEAD TODAY! combination of bike rentals for sale . Has 2201 bikes, ($65 rental each bike) 500-600 chairs*$30 rental each chair) 8 trucks, 2 trailers, 23 employees paid $15.00-$22.00 hr. only allowing buyer 6 months rent on space must relocate ONLY BIKE RENTAL BUSINESS FOR SALE ON HILTONHEAD-THIS IS YOUR CHANCE TO GET INTO THIS GREAT BUSINESS THAT VACATIONERS NEED AND USE
DETAILED INFORMATION
Location
Hilton Head Island, SC
Inventory
Not Included in asking price
Employees
23
Facilities
Seller is asking buyers to sign NDA and buyers profile to show funds available to purchase. Seller bought a few bike companies when owner passed away and had combined them into one company just opened a year ago
Has gross income June 2024 $270k Payroll is $25% cost.
Competition
Bike rentals on Hilton Head-One of top ten palce is USA for bikes, approx. 60k visitors per week, only approx 28k-29k bikes available to rent from bike rental companies. With sellers new software that can target guest at the time the make reservations for vacation to rent a bike etc...will assure this company will rent all bikes first.
Growth & Expansion
IF buyer can find rental space can grow this business to how many bikes and employees you can manage.
Seller will only give 6 MONTHS lease on present location-Buyer will have to relocate assests to another leased property on Hilton Head
Financing
Seller placed $150k computer system -cash sale Seller not interested in 6 months SBA
Support & Training
3 weeks training-seller has developed software to piggy back on short term rental companies rentals allowing him to contact guest same time reservations are made.(he would sell or lease this to new owner)
Reason for Selling
Seller invents in new ideas then sells them looking to go into boat business
Report an Issue with this listing
