Listing Number: 76931-100016
The Cycle Shop located in SW Houston was founded in 2014 and has grown to be a mainstay in the area due to its abundant product offerings, commitment to service and friendly attitude.
The business currently operates with 9 employees, including a Lead Manager, several sales people and a staff of technicians. The sale includes $500,000 of inventory plus leashold improvements and FF&E of approximately $70,000. Average revenues for the last 2 years have increased 80% over the prior 3 year period. 2022 continues to be on track to be on pace with last year. The operation provides a solid net income with a SDE of $300K.
Stocked with a huge variety of bikes, this shop satisfies the needs of the young-at-heart to the professional rider. Their expansive inventory includes Road & Gravel Bikes, Mountain Bikes, and a full line of Helmets, Accessories, Components and Clothing. In addition, their technical department gets rave reviews from area customers.
The store's full line of service also includes the world's most advanced fit system. Utilization of the Guru Fit System enables cyclists of all ages and experience levels to find the perfect bike and riding position to match their personal preferences. Multiple "fit packages' provide a unique customer experience and helps to ensure the satisfaction of every rider.
An added bonus for their customer base is the opportunity to be a member of the cycle shop's own sponsored Bike Club. Benefits include store discounts, access to club rides, social event parties and much more. This non-profit Club is comprised of dedicated cyclists focused on safety, recreation and support of charitable events. Cycling is their passion!!
- Price: $ 1,500,000
- Down Payment: $1,500,000
- Sellers Discretionary Earnings: $ 300,000
- Total Sales: $ 1,600,000
- Location: Harris County, Texas
- Inventory: $ 500,000
- FF&E: $ 50,000
- Employees: 9
- Year Established: 2014
- Reason for Selling: Moving to Next Project
- Category: Fitness