This is an opportunity to own one of the premier, award-winning bicycle shops in the entire Denver metro area. In business since 1973, it is a turnkey, full-service, and sales business that carries an extensive inventory of the top bicycle brands in the market today. Whether you are a competitive rider or a recreational enthusiast, this shop has everything you need. Every customer receives unsurpassed care and attention from their attentive and knowledgeable staff. Much of their business comes from repeat customers and word-of-mouth advertising. Their reach is the entire Front Range of Colorado. Operating from a 5,000-square-foot facility, the company offers a complete service department as well as an extensive showroom with one of the largest selections of bikes in this region. The location is easily accessible from anywhere in the metro area. Brands include Specialized, SE Wheely Bikes, Haro, Electra, Fuji, Kink, Jamis, SE BMX Bikes, Velotric E-Bikes, Aventon E-Bikes, Econic One E-Bikes, and other well-known companies. The bicycle industry is constantly evolving, and this company is at the forefront of any changes and improvements. This is an A+-rated business by the Better Business Bureau (BBB). The company utilizes one of the top retail bicycle POS systems available. Their online presence drives significant traffic to their business. The sales price does not include inventory, which is currently estimated at $1,000,000. If you have a passion for bicycling and the outdoors, this is truly a one-of-a-kind business opportunity.
- Asking Price:
- $525,000
- Sales Revenue:
- $2,007,469
- Cash Flow:
- $350,201
Property Information
- Real Estate:
-
Lease
Business Operation
- Expansion Potential:
-
The future is promising for the Company. According to Technavio Market Research, the global market for bicycles is forecasted to grow by $22.6 billion from 2022 to 2027. The market is estimated to grow at a compound annual growth rate (CAGR) of 6.32% during the forecasted period. The high-end bicycle market size is expected to grow by $4.78 billion from 2022 to 2027 The growth momentum of this market will accelerate at a CAGR of 6.16% during this period. “The high-end bicycle market share growth rate in the hybrid bikes segment will be significant during the forecast period. A hybrid bike is a combination of a touring bike, a mountain bike and a road bike, used for riding over different types of terrain. They can also be used for commuting daily. Hybrid bikes have benefits such as stability, comfort and ease of use. Hence, their popularity among cyclists, casual riders, commuters and children has increased significantly,” says Technavio.
- Reasons for selling:
-
Retirement
- Employees:
- 5
- Years established:
- 51
