This is a great opportunity to own a well-established Electric Bike Shop in Oakland County, Michigan. Established in 2019, this 1,350 sq. ft. specialty retail shop is located on a highly traveled road surrounded by strong commercial businesses and dense residential neighborhoods. The shop carries a strong selection of leading E-bike brands and has established dealer relationships with certain brands providing market-area development or dealer protected areas. Expanding the days and hours of operation, introducing paid advertising, adding online sales, expanding the currently limited accessory selection, tapping into the children’s E-bike market, developing corporate and fleet accounts, offering repair services to non-customers, and potentially adding e-bike rentals all provide large, untapped opportunities for future growth! The business already generates very strong cash flow while operating seasonally and on limited hours, making this an especially attractive opportunity for a motivated new owner who wants to build on an established foundation! With multiple clear avenues for expansion, there is significant potential to increase both revenue and profitability. This is a well-established, fully operating turnkey operation with a proven customer base and quite a considerable room for growth, ready for a new owner/operator to take over and move to the next level. Seller will provide training and may also be available for ongoing assistance after closing if mutually agreed. Seller will consider all reasonable offers. A must-see, must-have business that will not last long!
- Asking Price:
- $399,000 Furniture / Fixtures included
- Sales Revenue:
- $250K - $500K
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
6/2028
- Leasehold Rent:
-
$1,750 per annum
- Location:
-
This is a great opportunity to own a well-established Electric Bike Shop in Oakland County, Michigan. Established in 2019, this 1,350 sq. ft. specialty retail shop is located on a highly traveled road surrounded by strong commercial businesses and dense residential neighborhoods.
- Size in square feet:
- 1,350
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Expanding the days and hours of operation, introducing paid advertising, adding online sales, expanding the currently limited accessory selection, tapping into the children’s E-bike market, developing corporate and fleet accounts, offering repair services to non-customers, and potentially adding e-bike rentals all provide large, untapped opportunities for future growth!
- Reasons for selling:
-
Retirement
- Trading hours:
-
Wed-Sat 12pm-6pm
- Employees:
- 1 Owner / 1 Seasonal
- Years established:
- 2019
Other Information
- Support & training:
-
Seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$399,000 with $150,000 down, 8% int., amortized over 60 months
- Inventory / Stock value:
- $150,000
