100 Year Old Profitable Bike Shop
Business Description
Long-time market leader in industry category projected to have double-digit growth over the next 6 years.
Iowa based retailer recognized nationally as one of the best in the Industry for 11 of 12 years.
Six year sales average of $2.7 million.
Limited retail hours - only open to public 38 hours per week.
Strong long-term relationships with many key lines.
Loyal customer base.
Iowa based retailer recognized nationally as one of the best in the Industry for 11 of 12 years.
Six year sales average of $2.7 million.
Limited retail hours - only open to public 38 hours per week.
Strong long-term relationships with many key lines.
Loyal customer base.
About the Business
- Facilities & Assets
- Click the link below for a 3D virtual store tour.
The business moved into the current location in 1979. The facility is a 12,000 square foot building in excellent condition.
The current lease expires in approximately two years. The landlord is open to a lease assignment and lease extensions. - Website
- https://www.northtownebikes.com/articles/own-northtowne-pg1471.htm?preview=true
- Market Outlook / Competition
- This business is the dominant retailer in a market with a vibrant, thriving, growing bike culture.
- Opportunities for Growth
- Expansion and scalability easy due to current conditions of: untapped customer database of 55,000 plus, no paid outreach, no loyalty program, no extended service plans and limited retail hours, marketing and social media.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 12,000
- Rent
- $9,000.00 per month
About the Sale
- Seller Motivation
- The owner would like the flexibility to spend more time with family.
- Transition Support
- The owner is willing to assist in a smooth transition.
Listing Info
- ID
- 2246113
- Listing Views
- 3975
Listing ID: 2246113 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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