Well Established Bike Shop In Laurentides For Sale

Description

Business type: bicycle sales and repair shop

Location: Laurentides, Québec

Established: 1994

Trading history: more than 30 years

Current status: established operating business

Products

• Bicycles
• Electric bicycles
• Cycling accessories
• Bicycle parts
• Winter sports accessories
• Winter sports parts

Services

• Bicycle repairs
• Bicycle maintenance
• Ski maintenance
• Snowboard maintenance
• Skate sharpening

Operations

Operating period: year-round

Summer activity: bicycle sales and services

Winter activity: ski, snowboard and skate services

Employees: 3

Store layout: functional

Accounting records: stated as well maintained

Management systems: established

Customers

Local customer base: established

Repeat customers: established

Local visibility: established

Supplier and brand rights

Electric bicycle brand rights: exclusive within the territory

Electric bicycle demand: ongoing

Brand-related online sales: growing

Financial information

Asking price: $370,000

Down payment: $50,000

Seller discretionary earnings: $140,000

Total sales: $301,615

Profitability: reported as stable

Sales trend: growing

Stated valuation basis: approximately 2 times SDE

Inventory and assets

Inventory value: $90,000

Inventory: included in the asking price

FF&E value: $30,000

Training and transition

Seller transition support: available

Maximum seller involvement: up to 1 year

Technical knowledge transfer: available

Training recipient: buyer or existing mechanic

Reason for sale

Seller reason: new project

Potential buyers

• Owner-operators
• Bicycle industry operators
• Sports retail operators
• Mechanics