Hot Listing
Electric Bike Shop with Tremendous Growth Opportunities
Business Description
2025 Increased Sales Due to E-Bike Popularity
If you are looking to own a business that is fun and seeing an uptick in enthusiasm within the bicycle market this E-bike shop could be the perfect fit. What started as a side hustle for these owners quickly grew into a full time operation. These Sellers can tell you more about how this industry has grown but the hard work of convincing the public of the benefits of electric bikes is a thing of the past and consumer sentiment for the fun of riding an electric bike is at an all time high. Since opening in 2006 this business has established a loyal following throughout all of Western Colorado even into Eastern Utah.
This shop specializes in selling commuter e-bikes for the casual rider and although most customers are over 40, a trend is starting for younger folks to partake of the e-bike phenomenon. And while this shop doesn't promote sales of high-end road bikes or high performance mountain bikes, top of the line commuter brands with stellar reputation are perfect for most . Great pride is taken in assisting customers with an electric bike that answers the specific goals of the rider. By offering exceptional bikes at an average cost of $2500 many these days are either adding an e-bike to their collection or enjoying the ride they thought they may not have ever take again.
In addition to selling top of the line e-bike brands this business also offers a rental program. Currently class 1 commuter bikes are offered for rent. This class of bikes has a maximum speed of 20MPH and offers assist with the added benefit of the motor but unlike class 2 electric bikes they do not have the throttle which provides full assist.
This bike shop also provides service to nearly all makes and models of e-bikes including brands they do not have for sale. This sets the level of service apart from others, since most shops typically service only the brands they sell. Parts are stocked for nearly all bikes that are up to 20 years old. The technicians are highly trained and essential to the business. It is projected that a team of 4 to 5 technicians will be staffed in the future. The technicians are vital to educating, servicing and providing confidence to the customers that the bikes they are purchasing will be maintained.
This shop specializes in selling commuter e-bikes for the casual rider and although most customers are over 40, a trend is starting for younger folks to partake of the e-bike phenomenon. And while this shop doesn't promote sales of high-end road bikes or high performance mountain bikes, top of the line commuter brands with stellar reputation are perfect for most . Great pride is taken in assisting customers with an electric bike that answers the specific goals of the rider. By offering exceptional bikes at an average cost of $2500 many these days are either adding an e-bike to their collection or enjoying the ride they thought they may not have ever take again.
In addition to selling top of the line e-bike brands this business also offers a rental program. Currently class 1 commuter bikes are offered for rent. This class of bikes has a maximum speed of 20MPH and offers assist with the added benefit of the motor but unlike class 2 electric bikes they do not have the throttle which provides full assist.
This bike shop also provides service to nearly all makes and models of e-bikes including brands they do not have for sale. This sets the level of service apart from others, since most shops typically service only the brands they sell. Parts are stocked for nearly all bikes that are up to 20 years old. The technicians are highly trained and essential to the business. It is projected that a team of 4 to 5 technicians will be staffed in the future. The technicians are vital to educating, servicing and providing confidence to the customers that the bikes they are purchasing will be maintained.
About the Business
- Years in Operation
- 11
- Number of Employees
- 5
- Facilities & Assets
- The business is located in a newer 4008 sq ft purpose built building. Service encompasses an 1100 sq ft area. Sales utilizes 1800 sq ft. There are two offices, as well as another office for the sale person. There are two bathrooms, a kitchenette, and storage. There is room for an expanded area or apartment in the roof area. The real estate is for sale. The property was purchased in 2021 and building was designed specifically for the bike shop.
- Market Outlook / Competition
- This bicycle shop has captured the niche market for the casual commuter bike rider who is generally over 40 years old. What makes this shop unique to the area is personalized service to mature sector of the market and the casual rider. Patrons are welcomed without intimidation of the gonzo crowd. So while many bike shops exist most do not cater strictly to the casual e-bike rider.
- Opportunities for Growth
- While not in its infancy this sector of the bicycle market is still young and gaining even more popularity. No cons exist for growth.
Expanding into other markets such as mountain bikes, gravel bikes, and road specific bikes would expand the customer base. Service is essential and with the continued growth of the customer base the need for additional technicians is inevitable and contribute greatly to the revenue.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 4,008
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Sellers will be available full time for up to 6 months.
- Financing Options
- A portion of financing will be considered by the Sellers on a case by case basis.
Listing Info
- ID
- 2353834
- Listing Views
- 1326
Listing ID: 2353834 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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