Asking Price: $100,000 Gross Revenue: $220,000Cash Flow: $19,000EBITDA: $100,000Inventory: $50,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
From a passion for cycling in Miami and a deep respect and understanding for how the machine works, Bike Nerds was born. Bike Nerds is a bicycle shop that offers full service repairs, tune-ups, bicycle sales, accessory sales, and rentals. We opened our doors in the heart of Downtown Miami Shores in June 2013. The shop is run by the 2 owners and 1 PT employee. We have worked extensively over the years to maintain a 5 star rating with Yelp and Google. Our superior customer service has acquired Bike Nerds the invaluable asset of a built in client base in the middle of 3 affluent neighborhoods (Miami Shores, Biscayne Park, and El Portal). Our reputation and good will extends well into the cycling community in Miami. We were awarded Best Bike Shop by the Miami New Times in 2013, Featured in the Miami Herald, won Best Retail Shop in Miami Shores 2 years in a row, and were also the featured bike shop location for filming by PBS's KidVision.
We are stocked and 100% ready to hand over the keys to the next lucky owner.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
Trademark on the bike shop name BIKE NERDS, 40-50 bicycles for sale, 8ft x 16ft Slat Wall section complete with hooks and fixtures filled with bicycle accessories, Custom made sales counters, Stools for the sales counter, 2 HUSKY brand work benches, 4ft x 8ft peg board section for the tools, Master Bicycle Toolkit, Fully stocked repair area, Heavy duty work stands that hold 2 bicycles at once, Air compressor w/ extendable hose, Anti-fatigue mats, Apple computer, Complete Point of Sale system, Television, Soundbar, Apple TV, and more!
Bike Nerds stands alone in the market because we are THE ONLY boutique bicycle shop in Miami. We offer a warm and inviting environment that no other shop in Miami offers.
Growth & Expansion:
In an effort to keep up with the world wide trend of losing sales to online retailers, Bike Nerds has stayed in the loop by acquiring WWW.BIKENERDS.BIKE. The website has proven to generate another stream of revenue, direct traffic to our brick and mortar locations, or to get the word our about any upcoming events at the store, ETC. We have also set up another stream of revenue that will bring Bike Nerds to the Business to Business side as well.
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
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