Business description
Established in same location for over 30 years. Located in an area where there is a great cycleway network and pro cycling activites promoted heavily. Selling strong bicycle brands including Giant, Mongoose, GT, Merida, Norco. Great position next to Commonwealth Bank it has a strong customer base selling products to second and third generations of loyal customers. The store has a high repair and service rate and regularly returns over 50% gross profit. This business operates 6 days per week and would suit owner operator with possibly one staff. Low overheads and good margins make this a great Lifestyle investment. Owners retiring and are seeking a motivated person/s to takeover and continue to service the area with quality bicycle related sales and services.
Property information
- Real Estate:
- Lease
- Leasehold rent:
- $52,000 per annum
- Location:
- Prime corner location in busy surburban shopping strip.
- Premises details:
- The store is located in a older style building approximately 350sqm with enormous storage area and rear yard with additional storage shed.
Business Operation
- Reasons for selling:
- Owners Retiring
- Trading hours:
- Trading Wednesday thru Monday and closed Tuesdays.
- Employees:
- 2
- Years established:
- Over 30 years
Other information
- Support & training:
- One month training and support available if required.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $80,000 (included in the asking price)
- Inventory / Stock value:
- $80,000 (included in the asking price)
- Relocatable:
- This business can be relocated.
Source: http://www.businessesforsale.com/Bicycle-Retail-Store-In-Busy-Western-Sydney-Suburb-For-Sale.aspx
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