Bicycles Sales & Rentals Business For Sale

Business description

This Bicycles Sales & Rental Company Is The Largest Beach Cruiser, Electric Bike Dealer On The West Coast. They Carry The Top Brands Such As Micagi, Firmstrong, Schwinn, 3g, Greenline And More. With Up To 150 Bikes Available For Rent, By The Hour, Daily, Or Monthly, They Are The “King Of Bike Rentals”. There Are Over 250 New Bikes For Sale At Any Given Time. They Rent Beach Cruiser, Tandems For 2, Kids Bikes Etc.

Even Though They Have Started Their Business 2 Years Ago, But They Have Already Opened The Second Location And Are In The Process Of Lease Negotiation For The 3rd Location.

The Sales Are Expected To Go Up Even Higher In The Coming Years, Since They Are Working On Their Web Site To Place It In The First Few Bicycles Websites On Different Search Engines. The Owner Is Willing To Share All The Financial Documentation & Records With Qualified Interested Party. All The Business Records Are For The Last 2 Years & Their 2nd Location Which Has Started In July, But The Numbers Are Very Strong & Improving.

This Company Has A Good Reputation And Has Been Featured On Abc 7 (Los Angeles) News Program As Well. The Owner Believes A Business With Strong Numbers Like These At This Price Is Very Hard To Come By These Days, Don’t Miss It.

Annual Revenue: 800,000
Ff&e: 45,000 (Included In The Price)
Inventory: 70,000 (Included In The Price)
Seller’s Discretionary Cash Flow: 275,000
Asking Price: 380,000

Disclaimer: The Information Above Was Furnished By The Seller. Sunbelt Business Brokers Of Orange Coast Or Its Agents Have Not Verified The Information And Makes No Representations As To Its Accuracy Or Reliability.

Property information

Location:

two locations: 1st sq.ft. 3,400 - lease is $5,000 - M-T-M. 2nd is 1,200 sq.ft. - lease expires 2014 - both options are negotiable.
ample parking both locations.

Size in square feet:

8,300

Other information

Support & training:

seller will provide training.

Reasons for selling:

expansion.

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$70,000 (included in the asking price)