LISTING DETAILS
Listing Status: New
Asking Price: $150,000
Total Sales: $850,678
Cash Flow: $77,957
Real Estate Asking Price: N/A
FFE: $225,000
Inventory: $257,103
FFE Included in Sale: Yes
Year Established: 1980
Description
Business Summary:
A rare opportunity to acquire a well-known Northern Virginia Bicycle shop with two locations that has been in business for over forty years! Both available locations are 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 $407,103 ($150,000 + $257,103 in inventory) is less than the total value of all the assets with FF&E ($225,000) and Inventory ($257,103) being valued at $482,103 so it's like getting the name, reputation, and goodwill of the business for FREE!
Description of Facilities: Both locations are in Prince William County. Specs for each location are as follows:
Location #1
4220 Square Feet
Monthly Rent: $7,896.23Location #2
4090 Square Feet
Monthly Rent: $6,159.40
Competition: There is standard competition for the industry and market, but the businesses have been established for over forty years so it has cultivated a loyal following over the years. Please note, one of the locations recently had a nearby competitor close and that location is already seeing a benefit from its closure.
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
