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Business for Sale Summary

Bike shop & property - 21189

Business Type: misc. retail/non-classifiable,equipment rental and sales ,repair services,best deals!,distressed sales!,must sell/drastic price reduction!,new to market,business with property available,assets only sale
Bike shop & property
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Financial Information (non-confidential)

General Information
Asking Price $50,000 Down Payment $50,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$50,000 Down and TBD

Business Description

Suffolk Bike & Cycle Store for sale. 3300 square foot store established 55 years! Price & rent is below market value. This great niche business has lots of growth potential. Store includes large inventory and fixtures. This store can double its sales with some updating and advertising. Landlord offers super lease or will consider selling property. This bike shop now Sells GT, Mongoose, revolve, Schwinn and other top brands. They offer sales, service and repairs. The sky is the limit! They are also an authorized razor repair & sales store. Located in very busy desirable location with fantastic exposure. Buyer may add many new items or lines as landlord gives full permission. Contact broker Jim Aloi. Priced to sell- motivated seller who has has very little business experience. This store can also be divided for second business. (opportunity sale) LOW OVERHEAD RENT ONLY $3600 _____________________________________________ Prime Real Estate For Sale By PMTG Realty 2 parcels located in Suffolk Triple A Location. Located near all major routes Great South shore location minutes away from water front homes. Real Estate includes Stand alone free standing two story building with 2 store fronts totaling 5000 feet plus 2nd floor rental which is 3000 feet price also includes single family house. Great Home/Office, Zoned Business 1, Highly Visible, Middle Of Town, Great Professional Location, Nice Yard W/ Detached Garage, Also Make A Nice Income Property! This location is located on very busy main route with great exposure located close to schools,commercial area & residential. Taxes are $28,000 yearly for for business real estate plus $4,000.00 for house real estate taxes. Property includes present rental income totaling $110,000 yearly which can be greatly increased. This property is suitable & offers endless possibilities. Great location retail location for major food franchise, beer distributor, medical practice, retail, or repair business. Main building 8,640 sf, Asking price $1.500.000 seller will hold mortgage for buyer with 50 percent down = $750k. Seller will hold ten year mortgage at 7% Contact Agent Jim Aloi 631-375-4100. This is a must see Location call for appointment lots of possibilities open-minded seller. Great Home/Office, Zoned Business 1, Highly Visible, Middle Of Town, Great Professional Location, Nice Yard W/ Detached Garage, Also Make A Nice Income Property! Store also available for lease by VBB 3500 sf store rent only $3500 monthly great for medical or retail. Agent & Broker Jim Aloi. Can also be used for automotive type business .Bagel store ,or Deli

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.