Summary - Premium Bike Business and Dealer Brand
With a rich 93-year history, this premium bike business, currently under the ownership of the same individual for 33 years, boasts a strong demand for top-notch bike brands such as BMC, Merida, and Norco.
The shop underwent a new fit-out just 12 months ago, offering a spacious 420m2 area with affordable $59k rent.
With 19 years remaining on the lease and 3 additional lease options, the location is excellent, easily accessible, and within 500m of Australia's largest shopping center. The area attracts families with great disposable income, fostering a loyal and repeat clientele.
Financially, the business achieves a turnover of approximately $1.6-2 million, with a net profit of around $140k after covering full-time and part-time staff expenses.
The workshop, featuring one full-time mechanic and both full-time and part-time sales staff, contributes to the business's success.
Sales have seen a significant uptick this year alone, experiencing a 20-30% increase amid the growing cycling industry.
The business caters to a wide range of customers, selling bikes ranging from $200 to $13k, including the increasingly popular E-bikes with strong, rising sales. The asking price for this solid business is $450k ono plus Stock on Hand (SAV) approximating $200k-$350k.
The package includes all necessary staff and equipment, the recent fit-out and lease, the reputable 93-year history, and the respected 33-year ownership in the industry. Additionally, IP and website rights, a sign-written van capable of carrying 20 bikes, and ideal exposure at a fantastic location are part of the deal.
The business holds a strong local reputation for quality repairs, a full range of services, and a comprehensive selection of bikes suitable for all family members. With an established customer base and fully integrated IT systems, there's a substantial opportunity for further growth, including the possibility of expanding to online sales and opening on Sundays.
The industry's forecasted growth, coupled with the owner's retirement plans, presents a prime opportunity for an individual with an interest in cycling to step into a thriving business, enjoying healthy profits and flexible hours.
The vendor is willing to assist for up to 6 months if needed and can be flexible with stock through vendor terms.
Contact us to explore this excellent opportunity further.