Pre approved for financing. We help buyers seek financing with a minimum of 10% cash required.
With an SDE of over 21% and an average growth of 80%, this business offers high end e bikes as well as fitness equipment via a unique Territory Holder Program.
As a territory holder, you possess exclusive ownership of your designated area, a professionally crafted web presence, comprehensive marketing materials, ongoing business support, and robust online advertising resources. This is the original territory & has been successful for over 9 years.
The business has over 90% repeat business, a very robust maintenance program that is highly profitable as well as excellent Google reviews.
There is a full employee team in place with a long standing manager & multiple opportunities to grow revenues & profits.
Revenue is generated through retail sales, dealer sales, online sales, bike servicing, custom bike builds, and rentals, as well as through their long standing fitness & health brand.
Product is purchased by the corporate owner in large quantities which gives the territory owner high margins. You then can purchase as little or as many products at a time. There is no minimum amount. This dealer design allows for low capital with 2-4 day turnaround for product delivery. Other bike retailers must plan ahead, predict trends and buy large amounts of inventory resulting in taking big risks and investing lots of money with lower margins.
The current owner is one of the original territory owners and along with head office will assist the new owners to ensure their continued success & growth.
We will be accepting offers until November 30th or first acceptable offer.
