Reputable Cycling Retail Store For Sale

Overview

  • Business services, Services
  • Property Type

Description


Reputable Cycling Retail Store For Sale

British Columbia, Canada

Asking Price:

$1,500,000

(CAD)
Furniture / Fixtures included
Sales Revenue:
$3,400,394
(CAD)
Cash Flow:
$584,556
(CAD)

This is a unique opportunity to own one of the most reputable full-service cycling shops on Vancouver Island. This business has over 15 years of experience servicing the Vancouver Island area. Cycling on the west coast is a rapidly growing industry; offering a strong future, particularly when focused on the unique operations of this business and their expanding target audience.

Vancouver Island from the Capital City of Victoria, through the Cowichan Valley, Nanaimo, Cumberland, the Comox Valley, and up to the city of Campbell River, provides some of the best cycling in the world. Vancouver Island and the Gulf Islands are a year-round cycling playground offering nearly endless bike routes, and mountain trails among breathtaking scenery.

The west coast location of this business provides its own opportunities for expansion. Other expansion options available to a new owner include additional product lines, complimentary outdoor/adventure sporting goods, additional product servicing, increased online sales, equipment rentals, and partnerships with local community groups and events.

The business including the property is available for a total cost of $3,450,000.

Property Information

Location:

Vancouver Island, British Columbia

Premises Details:

This business operations include the following:

Retail sales of bicycles and related products/accessories (in-store and online)

Supplying other industry retailers
Servicing bicycles

They service all types and brands of bikes and maintain a large inventory of replacement parts. The business includes a full-service tech department with professional, friendly mechanics who take pride in servicing bikes to the highest possible standard, whether with a minor adjustment or a major overhaul. The work starts with a free, no-obligation estimate and is known for the fast, reliable completion of all services.

The inventory and real estate are not included in the sale of the business and can be negotiated at the time of the sale.

Business Operation

Reasons for selling:

Retirement

Employees:
10
Years established:
2006

Other Information

Furniture / Fixtures value:
$60,000 (CAD)
– included in the asking price
Inventory / Stock value:
$1,500,000 (CAD)
Website:
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Source link

Address

  • City Hong Kong

Details

Updated on March 17, 2023 at 11:51 pm
  • Property Type: Business services, Services
  • Property Status: For Sale, New Listing

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