Well-established with reliable employees and contracts with major bike and accessory suppliers. Just signed new lease on a second store in the area. Assembly and repairs with skilled staff. Outright sale or 50% partnership with person willing to work in the business. Inventory SAV approx $150,000-$200K. Price for 50% - $150,000 + 50% SAV or $295,000 for outright sale + 100% SAV.
For further details an NDA will be sent for signature.
- Asking Price:
- $250K - $500K (CAD) Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
18 months left on lease. Negotiating new lease and considering options to buy or build
- Leasehold Rent:
-
$38,000 per annum
- Location:
-
Main street location
- Premises Details:
-
Commercial building 2000sq
- Size in square feet:
- 2000sq ft
- Planning Consent:
-
Not applicable
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
New lease just signed on second store.
- Competition / Market:
-
None
- Reasons for selling:
-
One partner retiring. Other partner willing to stay.
- Trading hours:
-
Monday closed. Tuesday - Friday 10.00-18.00 Saturday 9.00 - 16.00 Sunday (6 months only) 10.00 - 14.00
- Employees:
- 6 part time
- Years established:
- 20 years
Other Information
- Support & training:
-
On going if owner retains 50%. 3 months if outright sale.
- Furniture / Fixtures value:
- $30,000 (CAD) - included in the asking price
