Bicycle Store For Sale - High End Neighborhood

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Excellent built in client base
Asking Price:
$100,000

Gross Revenue:
$220,000
Cash Flow:
$19,000
EBITDA:
$100,000
Inventory:
$50,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

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

Year Established:
2013
Number of Employees:
3
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
750
Lease Rate/Sq. Ft./Yr.:
$27.00
Facilities:
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!
Website:
www.bikenerds.bike
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Family obligations are forcing one owner to leave the state.
Training/Support:
Bike Nerds was opened by two bicycle mechanics. What we have learned as business owners we have learned along the way. We will work together to make the transition as smooth as possible.

Listing Info

ID:
1416553
Ad Detail Views:
135


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Business Listed by
Diego Pinzon / Thomas Korray

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U.S. Census Data for Miami-Dade County, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Miami-Dade County, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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