Description
Excellent opportunity to acquire the premiere electric bike distributor and retailer in New England. The Company has been going strong for over 15 years, focused on sales and service for the top selling electric bike brands and related accessories. It has been recognized as one of the best electric only bike retailers in the country and has long-term relationships its customers and vendors. The Company has experienced staff, management is in place and the Seller is willing to assist in the transition.
Detailed Information:
Business Price: $1,650,000
Projected Revenues: $3,650,000
Projected Sellers Discretionary Income: $675,000
Furniture, Fixtures & Equipment: $128,000 Estimate (included)
Inventory: $400,000 Estimate
Facilities: The Company leases a nearly 7,000 SF retail location in a popular, highly visible shopping center. The location has great signing, and the parking lot has room for safe test riding of e-bikes. It is close to major highways and has plenty of parking.
Competition & Growth: There are very few competitors in the marketplace that have the array of top brands or maintain the high level of inventory. The Seller has outlined several opportunities which will be shared in the confidential package.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Retirement
To learn more about this business, please complete the attached NDA and email to us at info@FirstStreetbb.com.