***IN ESCROW*** Profitable Established SFV Bicycle Shop

Los Angeles County, CA

***IN ESCROW*** Profitable Established SFV Bicycle Shop
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Asking Price: $450,000

Cash Flow: $222,880

Gross Revenue: $1,807,485

EBITDA: N/A

FF&E: $0

Inventory: $150,000*

Rent: $10,365 per Month

Established: N/A

*not included in asking price.

***IN ESCROW*** Profitable Established SFV Bicycle Shop

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Business Description

***IN ESCROW*** Well established and highly profitable bicycle retail and repair shop is enjoying the industry-wide BOOM in 2020 sales. Located in prime SFV, this shop is a leading local brand with an authentic community of followers and happy customers. Owner works part time and mostly offsite, as the shop is largely employee-operated. Qualified bicycle mechanics handle their robust service business in addition to friendly and knowledgeable employees selling the best-known bicycle brands. The business offers a full range of bikes to suit every customer type, from families buying bikes for the kids, to road racers or off-road adventurers looking for top gear, to casual riders enticed by stylish and practical e-bikes. Accessories, apparel, and more are sold in store and online. Great location on a major boulevard this easy to operate and fun business is fully equipped and turn-key for the new owner. This business is priced to sell quickly even though 2020 YTD already exceeds total income for full previous years. Financials referenced in ad are Trailing 12 months from August 2019 to July 2020.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Shannon Brown at shannon@mabusinessadvisors.com or 818-497-6866 to receive a confidentiality agreement and learn more about this opportunity.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
6
Facilities:
On a major boulevard in a prime retail corridor in SFV. Nice retail location with lots of display space, workshop, employee areas.
Competition:
Some other bike shops in the area but plenty of local demand.
Growth & Expansion:
Could do more marketing, add new product lines.
Support & Training:
Seller will provide training at no cost to qualified buyer.
Reason for Selling:
Other Obligations
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Shannon Brown

Business Listed By:
Shannon Brown

M&A Business Advisors

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.


Sponsoring Broker:
Matt Coletta, CBB, CBI, M&AMI

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Ad#:1816221

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