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Business for Sale Summary

SPECIALTY & CUSTOM BICYCLE SHOP - 27127

Business Type: retailing businesses,entertainment,general merchandise store,equipment rental and sales ,gym/health club,special situations,best deals!,new to market,seller financing available,sporting goods/ exercise/ gyms
Owner Financing
SPECIALTY & CUSTOM BICYCLE SHOP
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Financial Information (non-confidential)

General Information
Asking Price $525,000 Down Payment $0
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View

Financing

$0 Down and Negotiable-TBD

Business Description

One of Long Island's Premier Bicycle businesses is searching for a new owner. From Schubin, Germany [now Szubin, Poland], to Berlin, to Brooklyn, and finally to Long Island, this store has been in existence since 1913. The current owner has it for the last 35 years. They specialize in Cannondale, Trek, Felt, BMX, and GT bikes, just to name a few. Whether you're buying your child's first bike or you are a professional racer, this is where you want to buy! In addition, custom bikes are a substantial part of the business. Bike accessories, shoes, and clothing are also offered. There are highly trained and experienced assembly and repair mechanics who also do Factory Authorized work on almost every brand. The head technician wants to stay with the business. The store occupies it's own 3000 sq ft building [which can be purchased separately if desired] in a very prominent location in Suffolk County. Known to bikers far and wide, this IS one of Long Island's leading bike stores. Owner will stay for 6 months or more, terms to be negotiated. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.