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Asking Price$149,000
Revenue$208,000 Established1990
Cash Flow$130,000 Employees1 full-time
FF&E$10,000 FranchiseNo
Inventory$30,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 34335
The seller of this long established Bicycle Sales & Repair Shop in Brooklyn, NY is ready to sell it at a true bargain to his verifiable cash flow, as he and his wife want to move their young family down to Florida as soon as possible. For 30 years, this shop has served the local community under just three owners. This owner will provide you with all of the transitional support & training you will need to be as successful as him. He will also explain improvements you can make to be even more successful than him. Since he has taken over, the Google reviews for the business and his customer service have been stellar. You will find 500 sq.ft. at street level and a similar if not large space in the basement for inventory storage of new and used bicycles. The place can use a clean up, but it hasn't seemed to affect his sales and profits. You may choose to re-organize things to your taste. I would guess that that would most likely lead to a a further increase in sales and profits. The landlord stands ready to extend the dirt cheap existing lease to 7 years and may even be willing to give you a longer brand new one. The seller will consider any and all reasonable offers. Please contact the listing broker, at jaygoldman@vestedbb.com to learn more and to make an appointment to speak with the seller. If you are new to Vested Business Brokers, please go to www.vestedbb.com to register to open a free account under listing 34335. Should you want to get the name of this business right away, kindly upgrade to premium membership.  
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Training/Support:Seller will train
Seller Financing:99,000.00 Down & $50,000 at 5% over 24 months
Sale Reason:Owner and his wife wants to move their young family down to Florida
Ad #131757
Seller Reference #34335
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