(Sold) Profitable Bike Shop for Sale in Eastern Ontario Canada

Business Description

(Recently Sold) Profitable Bike Shop for Sale in Eastern Ontario Bicycle Shop for Sale in Eastern Ontario Canada. This reputable Bike Shop enjoys strong loyal and repeat business due to its diverse, high-quality products. This Bicycle Shop Business for Sale offers a variety of bicycles, parts, and accessories as well as a selection of clothing for the whole family. This Bike Shop is known for its excellent customer service and knowledgeable staff. This business is uniquely suited for cyclist enthusiasts. The owner takes almost three months off in the winter. The current owner believes that the business can be expanded with limited capital investment. There are opportunities to increase revenue by focusing on augmenting the social media presence. With growing revenue and increased sales in high-margin product lines, this is an excellent opportunity. Asking price includes $33,000 in inventory. Financing options are available. Reason for Sale: Retirement

Details

Business ID: OTTA0033
Business Category: Sporting Goods, Hobby, Musical Instrument, and Book Stores
Location: Ontario, Eastern Ontario
Financing: Available
Status: New

Company Information

Year Established: 2005
Franchise: No
Number of Employees: 6

Financial Information

Asking Price: $ 428,000
Gross Revenue: $ 613,000
SDE: $ 192,000
FF&E (included): $ 33,300
Inventory: $ 9,300
EBITDA: On request
Down payment: On request
Occupancy Cost: $ 9,300

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