Established in 2003, this award-winning bicycle shop has been a cornerstone of Calgary's cycling community, offering a diverse range of high-quality mountain bikes, electric bikes, fat bikes, gravel bikes, kids’ bikes, commuters, and hybrids both in-store and online. Complementing its extensive bike selection, customers can also browse through a wide array of parts, accessories, and apparel. Renowned for its exceptional service department, the business has built a sterling reputation for delivering top-notch workmanship that garners praise from satisfied customers.
At the heart of this enduring success lie three fundamental pillars: meticulous brand selection, shrewd financial management, and strategic retail location and design. Over the past two decades, the careful curation of bike brands has not only resonated with customers, but also optimized assembly and after-sale processes, driving industry-leading profit margins. Despite the challenges posed by the COVID-19 pandemic, the business's prudent cash management approach—marked by minimal debt and ample reserves—ensures its resilience and future profitability. Furthermore, the retail space has consistently earned accolades for its welcoming ambiance and thoughtful layout, a testament to its foresight in anticipating long-term development and traffic patterns.
In seeking prospective buyers, the vision is of an energetic and passionate entrepreneur who shares our unwavering commitment to customer satisfaction and is poised to capitalize on the growing e-bike market. By leveraging technology to enhance e-commerce capabilities, this individual will propel the business forward while upholding its tradition of excellence. With optimism and a steadfast dedication to retail innovation, the ideal buyer will not only sustain but elevate the legacy of success, driving innovation and growth in the years to come.
*Assets are included in the asking price.
*Inventory is not included in the asking price, inventory will be sold separately at a landed cost.
WHY THIS BUSINESS:
● Prime location
● Award-winning
● Repeat customers
● Strong online presence with an established social media presence
● Strong brand reputation
● Huge potential to expand
● Easily operates as turnkey
● Industry is strong and steady
