Location: Charlotte, NC
Listing ID: 42520095
Listing Status: New
Rapidly growing Charlotte NC is the home of this turnkey business, one of the leading sales and service centers for electric-assisted bicycles as well as traditional cycling products. The owner, currently semi-absentee, is willing to accept up to 20% seller financing for a qualified buyer.
The business has earned a reputation for tailored consultative sales offerings and support from highly skilled service mechanics. The business carries a variety of brands of high-quality bicycles, e-Bikes, and various cycling accessories.
While inventory issues are impacting so many businesses, this owner has stayed ahead of the game. Included in the sales price is $150,000 of inventory valued at owner's cost; with additional inventory readily available for purchase as well.
The business has a reliable staff of 7 employees plus the owner. Some are F/T and some are P/T, with roles ranging from sales to service to managing inventory, invoices and purchasing. The owner typically works around 30 hours a week in the business with primary responsibilities being purchasing, accounting and general management oversight.
The popularity of electric-assisted bikes is growing rapidly. And this business is positioned to expand considerably beyond current levels.
Down Payment: $450,000
Total Sales: $1,481,145
Cash Flow: $189,877
Accounts Receivable: N/A
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A