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Established Bike And Ski Shop In British Columbia For Sale

British Columbia, Canada
Asking Price:
$479,997 (CAD) Inventory / Stock included
Sales Revenue:
$1,191,727 (CAD)
Cash Flow:
$86,289 (CAD)

A highly reputable and well-known bike and ski shop located in what could be considered a mountain bike paradise in the interior of BC.

This bike shop has locked in dealer agreements for exclusive access to the top bike brands worldwide.

With the lowest commercial lease rates in town, this business has been established for over 15 years in the same visible and central location.

A strong local client base, repeat customers, and being an integral part of the community has lead this bike shop to earn the trust of riders and establish strong long-term supplier relationships. Staff are well-trained and loyal to the brand. Systems and processes are built out and run through cloud-based inventory and sales software allowing the business to be run with ease.

Turn-key and recently renovated, this bike and ski shop is ready for another profitable biking season.

Property Information

Real Estate:

Lease

Leasehold Rent:

$22,679 (CAD) per annum

Premises Details:

The business has been in the same location since it was founded in 2007 in a 2-level (ground and above ground) leased retail unit. There is ample on-site parking and it is in a visible, central location.

Business Operation

Expansion Potential:

This unit is attached to a neighbouring retail space, with a doorway linking the two. If the other retail business was to move locations, square foot expansion would be possible.

There is also an excellent opportunity to expand into online sales to increase revenue, grow the customer base, and access new markets.

Competition / Market:

This bike shop carries the top-performing and most well-known bike brands in the world. Dealer agreements are in place giving this business exclusive access in their territory.

Long-term relationships have been built with strong suppliers giving this shop the ability to carry the best brands and products to meet all customer needs.

In a competitive industry, this bike shop has achieved a local status as being "the best bike shop in town". They are known for world class customer service and technical expertise.

Reasons for selling:

Change in career.

Trading hours:

10:00AM - 5:30PM Tuesday - Friday
10:00AM - 4:00PM Saturday
Closed Sunday - Monday

Employees:
8
Years established:
15

Other Information

Support & training:

One month of training is included in the sale price that will ensure the buyer is fully capable of running the business on an ongoing basis.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner is willing to finance up to 10% and other bank financing is available.

Inventory / Stock value:
$350,000 (CAD) - included in the asking price
Related Documents:

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