This business is the Halifax dealer for one of the World's largest and most successful bicycle brands. Located in a visible and busy traffic corridor in a new and appealing commercial building, the business is being offered for sale by the founder who is looking to retire.
Annual sales have averaged over $1MM per year since the business opened in 2016. Current trends of strong growth in the Halifax population, major investments by the Halifax Municipality in bike lanes and trails, along with the strong market growth in sales of traditional bikes plus E bikes, bode well for future revenue growth and profitability for the business.
The global manufacturer for which the business is the Halifax dealer is known for quality products at an attractive price point. Excellent dealer support is provided, and very favorable credit terms are provided for inventory financing.
The business has a professionally built website and is active on social media. A small team of knowledgeable staff provide customer sales and service including bike repairs and maintenance.
The premises is rented from a major commercial landlord at an attractive per sq ft net rent. The Purchaser of the business will have to be approved by the landlord to assume the lease and a new lease term should be available.
Asking price $250K not including inventory. The sale assets include store fixtures and equipment plus goodwill, trade name, website, and social media accounts.
Seller Reference #HALIFNS001-N578
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