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BUSINESS FOR SALE - PROFILE #  40730447

Bicycle Shop – Million Dollars in Sales
Affluent West Suburb

Asking Price: $300,000   Down Payment: $300,000  
Gross Revenue: $946,154   Adj. Cash Flow*:  
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Executive Summary
The shop provides both sales and service. As consumers become more orientated towards non-crowd activities, the recreational sector is booming. And as such, this business is experiencing record sales. This bicycle shop is a mainstay in this affuent western suburb. It is located in a strip mall with parking on a main street just off the downtown area. This is a successful business for someone looking for a lifestyle business or just a good opportunity. Sales were just under a million for 2019 and the owner is anticipating 1.2 million for this year. Cash flow stated is actual for 2019. Inventory of $75,000 is included in the sales price. This can vary during the year and the price will be adjusted at closing based on a physical inventory. A signed non-disclosure is required as well as proof of financial capability.

Acquisition Highlights

  • The business does virtually no marketing. They are the "go-to" location for bicycles in the area.
  • The business hours are Mon - Thu: 11:00am – 7:00pm, Fri: 11:00am – 6:00pm, Sat: 10:00am – 5:00pm, Sun: 12:00pm – 4:00pm. The business is closed on Wednesdays during the winter months.
  • Upscale suburban area, located on a busy main road. Location is anchored by a grocery store and has plenty of parking.
  • Current owner bought the business. The business has been in its current location for 3 years.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2000 Inventory: $75,000 Included
Furniture, Fixtures & Equipment:
Lease/Rent: $8,200 Real Estate:
    Total Assets Included in Sale: $75,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Dan Eitel
Phone:  (630) 705-3055
Fax:  (630) 491-1592
Other:  (630) 286-9120
E-mail:  deitel@midwestvr.com
VR Business Brokers - Oak Brook, IL
2021 Midwest Road
Suite 200
Oak Brook, IL 60523
www.midwestvr.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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