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Long-Established, Bicycle, Parts & Accessories Retail Store

Retail , Sales below $1m, Business Services

Narrabeen, NSW 38 Views

Asking Price $200,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • Yes Finance Available (subject to approval)

Reference ID: 20685341

Highlights

  • Long-Established, Bicycle, Parts & Accessories Retail Store
  • Over 6,000 active customers on the store database
  • Receives the benefit of national and regional marketing support
  • Good storage area & workshop for an efficient retail bicycle operation

Executive Summary

This is a well-known and successful business that offers sales, hire and servicing in a large retail store on Sydney’s Northern Beaches. 


Location Details

Located 100 metres from a well-known lake bike path, on a main road in an area that boasts a high disposable income. 


Potential

There are excellent opportunities for revenue growth in this business due to having a brand and dealership agreement with Australia’s leading bicycle distribution company. This will give the owner access to an enormous range of cycling brands, products and equipment.


Skills

This is a business that would suit a purchaser with retail experience or enthusiasm for cycling who is willing to build on their knowledge with the support of Sheppard Cycles. The purchaser can choose to buy the business as an investment and manage this at arms-length or potentially jump into the store management role and drive the growth of the business.


Lease

Expires April 2021

1 x 5-year option remaining


Employees

3 x Full-time 

1 x Part-time

14 x Casual


History

This business has been operating in the area for 30 years and in that time had become a destination store for anything cycling across Sydney.

About the Business

The company is a consumer-focused brand and retail strategy built around a multi-brand bike and accessory offering for the Australian and New Zealand markets. The business is currently run under staff management with a skilled team in place and access to ongoing training and support from Sheppard Cycles.


Key facts about this business:

- Over 6,000 active customers on the store database 

- Receives the benefit of national and regional marketing support 

- Market leading and highly desirable Bicycle and Accessories brands

- Ideal storage area and workshop for an efficient retail bicycle operation

- An industry leading Point of Sale / Back of House system, Fusion POS, is operating which streamlines operational functions of sales, workshop and administration

- Large Floor plan (438 sqm) and has the largest well displayed bike range (over 150 models) available on the Northern Beaches


For more information on this opportunity, please contact the undersigned:


Paul Smith

Business Sales Specialist

Allsales

M: 0420 550 433 T: 1800 858 696 E: paul.smith@allsales.biz


Disclaimer: 

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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