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Bicycle Shop In Kings County For Sale

Kings County, New York, US
Asking Price:
$149,000 (USD)
Sales Revenue:
$208,000 (USD)
Cash Flow:
$130,000 (USD)

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, to learn more and to make an appointment to speak with the seller. If you are new to Vested Business Brokers, please go 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.

Business Operation

Reasons for selling:

Owner and his wife wants to move their young family down to Florida.

Employees:
1FT
Years established:
1992

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

99,000.00 Down & $50,000 at 5% over 24 months

Furniture / Fixtures value:
$10,000 (USD)
Inventory / Stock value:
$30,000 (USD)

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