Feb 28 • General discussion
Found an exciting business opportunity in the Cycling Industry—an established bike shop with national brand recognition and strong profits.
🚴♂️Let’s check it out:
Key Numbers:
- Asking Price: $900K
- Revenue (2023): ~$2M
- Profit (2023): ~$367K
- Inventory: ~$300K included
- Equipment (FF&E): ~$325K included
What's Good:
The business is consistently profitable with solid brand recognition in the cycling community.
Loyal customers nationwide.
Centrally located, easy access, and global brand potential.
Things to Improve:
Revenue dropped a bit from 2022 to 2023 ($2M vs previous year).
Possibly due to competition or less marketing.
More digital advertising or e-commerce could easily boost sales.
Analyst Thoughts:
Profit margins (~18%) are healthy, but revenue dip shows room for improvement.
Expanding online presence and increasing local marketing could quickly grow sales.
Opportunity:
Owner looking to exit soon.
Great timing for someone passionate about cycling who wants a profitable business with strong brand and potential for quick wins in online sales.
Want More Info?
DM or comment "cycling" for more details on how to get this deal or similar opportunities!
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Found an exciting business opportunity in the Cycling Industry—an established bike shop with national brand recognition and strong profits.
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