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Listing Number: 2637

Bike Sales/Services Business for sale in Litchfield County, Connecticut

Business: Bike Sales/Services Business for Sale
County, State: Litchfield County, Connecticut
Business Type: Sporting Goods, Exercise, Gyms, Amusement Parks/Arcades/Recreation

Summary Description

Popular and growing bike sales and service in affluent Litchfield area. Great opportunity to increase bike and bike-related sales while expanding sports/recreational product line. Good location at economical rent but can be moved anywhere in area due to reputation. Being sold with latest inventory valued at $40,000. Large, bright store with repair shop. Central location with access from two streets. Facilities: 5000 sq.ft. with access from two streets. High ceilings with room around displays to roll and fit bikes. 20 feet of display counters with bike accessories. Partitioned bike repair shop. 5 year lease available. High visibility corner lot.

About the Sale

Asking price: $156,000 (USD)

Total Revenues: $300,000 (USD)

Cash Flow: $51,500 (USD)

Financing: $116,000 down and $40,000 @ 8% over 60 months

Reason Selling: New Business Opportunity

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.