LISTING DETAILS
Listing Status: Sold
Asking Price: $300,000
Total Sales: $1,093,606
Cash Flow: $92,732
Real Estate Asking Price: N/A
FFE: $100,000
Inventory: $226,000
FFE Included in Sale: Yes
Description
Business Summary:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop based in western Fairfax County. The business has been established for over forty years and is ideally located near one of Northern Virginia's popular 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 $326,000 ($100,000 + $226,000 in inventory) is the same total value of all the assets with FF&E and Inventory being valued at $334,000, so it's like getting the name, reputation, customer base, employees and goodwill of the business for free!
Description of Facilities: The business is ideally located in western Fairfax County near one of Northern Virginia's popular cycling trails. Here are the location specs:
4357 Square Feet
Monthly Rent: $17,080.49
Competition: There is standard competition for the industry and market, but this brand has been established for over forty years so it has cultivated a loyal following over the years.
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
