Business Description

A well-established bike business with stores in key GTA communities, e-commerce setup and years of branding available at attractive purchase price. Business has multiple stores and fully integrated ecommerce platform. A very well-known brand name with significant investment in brand building every year. Seller will also be willing to sell part of their equity or a single store at a time, opportunities are endless.

Per current market reports, the bike industry is now poised for an 8% CAGR over next 10 years, signifying a significant opportunity for a turnaround.

Highlights:

• Highly reputable brand name within biking community.
• Over 10,000 accounts and e-mails.
• Revenues from bike, apparel, service and parts sales.
• Complete offering to customers.
• Fully trained and motivated staff, owner is able to operate with minimal supervision.
• Current owner will train for a smooth transition.
• Asking price includes $450k inventory and working capital.
• Also included in the asking price are leasehold improvement and other fixed assets of about $300k.
• Seller financing is available for qualified buyer.

Business is ideal for:

• A hands on operator or family that desires an established and successful business.
• Business owners within the bike businesses, sports or gym owners who desires to add significant sales revenue, consolidate within the existing operations, reduce marginal costs through economies of scale and garner higher market share.

The Confidential Information Memorandum (CIM) will be accessible exclusively to qualified buyers who have completed both a Non-Disclosure Agreement (NDA) and a Buyer Profile (BP).