Highly Profitable Bicycle/E-Bike Sales and Service for Sale in Charlotte, NC

Price: $450,000

Location: Charlotte, NC

Industry: Retail

Listing ID: 42520095

Listing Status: New

Description

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.

LISTING DETAILS

Down Payment: $450,000

Total Sales: $1,481,145

Cash Flow: $189,877

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $300,000

Operation

Non-Owner Payroll: N/A

Location

Real Estate: N/A

Monthly Rent: N/A

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LISTING OWNER