Retail - Miscellaneous Retail | Services - Amusement & Recreation

$Seller Financing Available

Asking Price	$290,000	Inventory	$130,000*
Gross Income	$900,000	Real Estate
Cash Flow	$110,000	Year Established	1995
FF&E	$50,000*	Employees	7

* included in the asking price

** not included in the asking price

Customer-focused bike shop w/ strong local following & reputation

Locally owned bike shop in the Ballard area of Seattle specializing in bicycles for all types of riders is for sale. In addition to retail items such as parts, accessories and clothing, this business has a full scale service department to meet all repair needs. They have been in service since 1995 and have a well-known reputation in the Ballard neighborhood, not to mention a prime location just off the main thorough way with ample free parking for customers. Their staff is very knowledgeable and focuses on teaching customers how to maximize the enjoyment of their bikes, from recreational riders to commuters and weekend recreationalists.

Facilities: Older building in the Ballard are of Seattle, surrounded by newly upgraded development. Free parking on visible street and in lot behind building, which is just off main thorough way

Competition: This is the only dedicated bike shop of its kind in the Ballard area of Seattle and appeals to commuters and avid recreationists mostly. There are a small handful of similar shops in other Seattle neighborhoods but aren't ones that offer the service level and expertise for this group of customers. It's location is easy to find, get to and park at. Friendly and knowledgeable staff are what give it an advantage over its competition.

Growth/Expansion: Adding a wider depth of product/larger inventory as well as specialization in full suspension mountain bikes is the growth plan, but more space would be required in order to implement these expansion plans.

Seller Financing Available: Yes

Financing: Preference is cash out, might consider a small seller note

Support/Training: Negotiable, seller is flexible

Reason Selling: Looking for new venture(s)