Located in the vibrant heart of Long Island, this Electric Bicycle store offers a lucrative opportunity for entrepreneurs interested in a sustainable and profitable business. This established electric bike store, positioned on a busy road with high foot traffic, is up for sale, presenting an exceptional turnkey operation in the rapidly expanding e-bike market.
- Prime Location:The store enjoys visibility and accessibility in a bustling area known for its high foot traffic, enhancing potential customer engagement.
- Strong Financials: Gross revenue of $250,000 and a net profit of $65,000.
- Asking Price: The store is available for $199,000, with attractive seller financing options available, requiring only $100,000 down from a qualified buyer.
- Spacious Retail Environment: The retail space spans 1,500 sq ft, offering ample room for an extensive inventory display and comfortable customer service areas.
- Attractive Lease Terms: The affordable monthly rent of $1,800 and a 5-year lease agreement with two 5-year renewal options provide long-term stability and low overhead costs.
- Established Customer Base: The store has built a loyal clientele, providing steady revenue and a strong foundation for future growth.
- Expanding Market: The demand for electric bikes is on the rise, driven by increasing consumer interest in eco-friendly transportation options.
- Untapped Opportunities: Significant potential exists to expand online sales and explore additional services such as bike tours, which can attract more customers and boost income.
- Turnkey Operation: Ready for immediate takeover, this business allows the new owner to hit the ground running with a fully operational setup.
- Eco-Friendly Industry: Operating within the sustainability trend, this bike shop aligns with current market preferences for environmentally conscious solutions.
Seller Financing and Next Steps:
- Flexible Financing: The seller offers financing for the balance, making it easier for buyers to secure this investment with negotiable payment plans.
- Viewing and Financial Review: Potential buyers are encouraged to schedule a viewing, meet the staff, and review detailed financial documents to fully appreciate the value of this opportunity.
This is not just a business sale but an opportunity to lead a thriving enterprise in a growing industry with substantial community impact. The company represents a perfect blend of profitability, location, and market potential, ideal for anyone passionate about sustainable business practices.
