Established Electric Bike Sales and Service Business

Established electric bike sales and service business serves residents and tourists in a major Colorado market. The business has grown steadily since its inception in 2011 and is offered with its underlying commercial real estate, featuring an ideally located 4,000 square foot retail show room.

Down Payment: N/A

Total Sales: $1,213,978

Cash Flow: $177,665

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: N/A

FFE Included: Yes

Inventory: $307,866

Inventory Included: Yes

Year Established: 2011

Days & Hours of Operation: Tuesday - Friday 10am - 5pm, Saturdays from 10am - 4pm.

Owner Hours Per Week: 34, same as the store hours

Non-Owner Payroll: N/A

Employees: 4

Managers: 1

Absentee Owner: No

Security on Lease: No

Real Estate: N/A

Real Estate Included: Yes

Monthly Rent: N/A

Type of Location: Commercial Retail

Square Footage: 4,070

Franchise: No

Relocatable: No

Facilities Information:

Commercial retail building with plenty of parking, located near a wide network of riding trails.

Terms and Conditions?:

$1,600,000, comprised of $780,000 for the commercial real estate at current appraised value, and $820,000 for the business valued at 3x SDE plus FF&E and inventory.

Reason For Sale:

Nearing retirement.

Training & Support:

3 to 5 months, as needed.

Owner Qualifications:

Basic business management skills including purchasing, sales and inventory management.

Competition:

There are other bike shops that carry electric bikes, but none that sells electric bikes exclusively.

Potential Growth:

Open additional locations.