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Business for Sale Summary

Bicycle Shop for Sale in Brooklyn, NY - 34335

Business Type: repair services,seller financing available,bicycle shop
Bicycle Shop for Sale in Brooklyn, NY
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Financial Information (non-confidential)

General Information
Asking Price $149,000 Down Payment $99,000
Gross Revenues $208,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$99,000 Down and $50,000 at 5% over 24 months

Business Description

The seller of this long established Bicycle Sales & Repair Shop in Brooklyn, NY is ready to sell it at a true bargain to his verifiable cash flow, as he and his wife want to move their young family down to Florida as soon as possible. For 30 years, this shop has served the local community under just three owners. This owner will provide you with all of the transitional support & training you will need to be as successful as him. He will also explain improvements you can make to be even more successful than him. Since he has taken over, the Google reviews for the business and his customer service have been stellar. You will find 500 sq.ft. at street level and a similar if not large space in the basement for inventory storage of new and used bicycles. The place can use a clean up, but it hasn't seemed to affect his sales and profits. You may choose to re-organize things to your taste. I would guess that that would most likely lead to a a further increase in sales and profits. The landlord stands ready to extend the dirt cheap existing lease to 7 years and may even be willing to give you a longer brand new one. The seller will consider any and all reasonable offers. Please contact the listing broker, at jaygoldman@vestedbb.com to learn more and to make an appointment to speak with the seller. If you are new to Vested Business Brokers, please go to www.vestedbb.com to register to open a free account under listing 34335. Should you want to get the name of this business right away, kindly upgrade to premium membership.

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.