Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Bike Shop Ninety Three Years In Carnegie For Sale

Carnegie, Victoria, Australia
Asking Price:
$399,999 (AUD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
$100K - $250K (AUD)

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.


Property Information

Real Estate:

Lease

Lease Terms:

negotiable

Leasehold Rent:

$90,000 (AUD) per annum

Location:

high profile-in south east melbourne,

Premises Details:

420m2

Business Operation

Expansion Potential:

sell a range of bikes and also e bikes,

Competition / Market:

none locally

Reasons for selling:

retirement

Trading hours:

6 days ,

Employees:
4
Years established:
over 93 years history

Other Information

Support & training:

full support and handover from owner as length is required

Furniture / Fixtures value:
$140,000 (AUD) - included in the asking price
Inventory / Stock value:
$300,000 (AUD)
Related Documents:
Relocatable:
This business can be relocated.