Electric Bike Shop
Business Description
This is a great opportunity to own a well-established Electric Bike shop in Oakland County, Michigan. Established in 2019, this 1,350 sq. ft. specialty retail shop is located on a high-traffic road surrounded by strong commercial businesses and dense residential neighborhoods. The shop carries a strong selection of leading e-bike brands and has established dealer relationships, with certain brands providing market-area or dealer protections. Expanding the days and hours of operation, introducing paid advertising, adding online sales, expanding the currently limited accessory selection, tapping into the children’s e-bike market, developing corporate and fleet accounts, offering repair services to non-customers, and potentially adding e-bike rentals all provide large untapped opportunities for future growth! The business already generates very strong cash flow while operating seasonally and on limited hours, making this an especially attractive opportunity for a motivated new owner who wants to build on an established foundation! With multiple clear avenues for expansion, there is significant potential to increase both revenue and profitability. This is a well-established, fully operating turnkey operation with a proven customer base and quite a considerable room for growth, ready for a new owner/operator to take over and move to the next level. Seller will provide training and may also be available for ongoing assistance after closing if mutually agreed. Seller will consider all reasonable offers. A must-see, must-have business that will not last long!
About the Business
- Years in Operation
- 7
- Employees
- 2 Full-time
1 Owner, 1 Seasonal Salesperson - Opportunities for Growth
- Expanding the days and hours of operation, introducing paid advertising, adding online sales, expanding the currently limited accessory selection, tapping into the children’s e-bike market, developing corporate and fleet accounts, offering repair services to non-customers, and potentially adding e-bike rentals all provide large untapped opportunities for future growth! The business already generates very strong cash flow while operating seasonally and on limited hours, making this an especially attractive opportunity for a motivated new owner who wants to build on an established foundation!
Real Estate
- Owned or Leased
- Leased
- Rent
- $1,750 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller will train and stay as an employee after Closing.
- Financing Options
- $399,000 with $150,000 down, 8% interest, amortized over 60 months.
Listing Info
- ID
- 2550014
- Listing Views
Listing ID: 2550014 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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