LISTING DETAILS
Listing Status: New
Asking Price: $210,000
Total Sales: $2,079,939
Cash Flow: $155,176
Real Estate Asking Price: N/A
FFE: $225,000
Inventory: $518,000
FFE Included in Sale: Yes
Year Established: 1980
Description
Business Summary:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop with THREE locations that has been in business for over forty years! There is one location in western Fairfax County and two locations in Prince William County. 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 shops are 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 $728,000 ($210,000 + $518,000 in inventory) is lower than the total value of all the assets with FF&E and Inventory being valued at $743,000 so it's like getting the name, reputation, and goodwill of the business for free!
Description of Facilities: One location is in western Fairfax County and there are two locations in Prince William County. Specs for each location are as follows:
Location #1
4357 Square Feet
Monthly Rent: $17,080.49Location #2
4220 Square Feet
Monthly Rent: $7,896.23Location #3
4090 Square Feet
Monthly Rent: $6,159.40
Competition: There is standard competition for the industry and market, but this business 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
