LISTING DETAILS
Listing Status: Sold
Asking Price: $40,000
Total Sales: $317,820
Cash Flow: $27,284
Real Estate Asking Price: N/A
FFE: $55,000
Inventory: $104,278
FFE Included in Sale: Yes
Description
Business Summary:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop based in eastern Prince William County. The business is ideally located near several popular Northern Virginia cycling trails. The core area of focus is bicycle sales along with a robust service and repair business. There is a large inventory of major brands including Giant, Specialized, Pivot, Yeti and more!
The business has long been recognized in the Northern Virginia community as one of the areas most trusted sources for all cycling needs. The shop is fully staffed with knowledgeable sales and service technicians. This is a turn key opportunity for any aspiring entrepreneur to take a seat at the table as the new owner of an established bicycle enterprise with over four decades of loyal customers to continue to grow and expand the business.
The total asking price of $144,278 ($40,000 + $104,278 in inventory) is less than the total value of all the assets with FF&E ($55,000) and Inventory ($104,278) being valued at $159,278 so it's like getting the name, reputation, and goodwill of the business for FREE!
Description of Facilities: The business is ideally located in eastern Prince William County near several popular Northern Virginia cycling trails. Here are the location specs:
4090 Square Feet
Monthly Rent: $6,159
Competition: There is limited direct competition as a nearby competitor recently closed and the business is already seeing a benefit from its closure. The brand has also been established for over forty years so it has cultivated a loyal following in the community.
Growth & Expansion: There is room to grow and expand the business.
Seller Financing Available: Yes
Training & Support: Seller will provide necessary transitional support to the next owner.
For more information on this listing, please complete our Non-Disclosure Agreement
