New
Local Award Winning Bike Shop
| Category | : | Retail Miscellaneous | SIC | : | 5331 | |
| Detail | : | Retail Specialties | Price | : | 970,000 | |
| County | : | Collier | Down | : | 970,000 | |
| State/Prov | : | Florida | Disc Earn | : | 156,311 | |
| Country | : | USA | Sales | : | 658,712 |
|
This businesses track record speaks volumes, marked by unwavering quality, consistently exceeding expectations, and, most importantly, the sight of satisfied customers enjoying their bicycle rides with smiles. This achievement is attributed to rigorous technician training, inhouse mentorship programs, and, above all, a deep passion for promoting enjoyable cycling experiences and ensuring safe bicycle pathways within the local community
Seller is willing to offer financing with strong offer and is willing to be creative.
|
| Reason for Sale | : | Retire |
| General Location | : | SWFL |
| Organization Type | : | Corp 'C' Hours Owner Works: 30 |
| : | Years Established: 10 Years Owned: 10 Emp FT: 4 Emp PT: 3 Mgrs: 1 | |
| Non Compete | : | Miles: 250 Years: 5 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | Tues-Sunday hours vary on day (12-6 generally) |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
| Data Source | Proforma | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | ||
| Gross Revenue | 658,712 | 825,784 | 658,568 | ||
| Cost of Goods | 279,587 | 433,442 | 369,804 | ||
| Gross Profit | 379,125 | 392,342 | 288,764 | ||
| Expenses | 384,047 | 341,801 | 281,033 | ||
| Net | -4,922 | 50,541 | 7,731 | ||
| Owner Salary | 61,000 | 61,000 | 61,000 | ||
| Benefits | 92,975 | 82,964 | 70,167 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 3,415 | 3,485 | 3,515 | ||
| Other | 3,843 | 3,843 | 3,843 | ||
| Discretionary Earnings | 156,311 | 201,833 | 146,256 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 152,137 | Y* | ___________ | 0 | N* |
| F F & E | 100,000 | Y* | Total Assets | 252,137 | Y* |
| Leasehold | 0 | N* | *Included? |
| Lease/Month: 4,650 | Square Footage: 15,000 | Building Type: Retail |
| Terms & Options: | Expiration Date: 9/1/2032 |
| JASON A. BROOKS | Office | : | (239) 849-9334 | |
| ASSOCIATE | Agent Direct | : | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (239) 357-7073 |
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Jason Brooks
Background information
Reference:
54353
Finance
Sales:
$825,784
Profits:
$167,699
Profit type:
Discretionary Earnings
Operations
Inventory:
Included
Furniture fixtures and equipment:
Included
Price and terms
Price:
$970,000
Down payment:
$97,000
Financing:
Seller is willing to offer financing with strong offer and is willing to be creative.
Training:
30 Days transition or more depending on need