Cycle Retail, Training and Travel Busy Adelaide CBD Location - Trading for over 25 Years - Turnover of $800 000 Annually - $149 000
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A superb opportunity has arrived on the market in the form of a high-performing cycling business. The well-established business is in Adelaide's CBD and enjoys widespread popularity in the city and beyond. Besides selling and servicing bikes, the business also provides training, and interstate and international tours. The company has built a community of cyclists who are long-term clients of the renowned brand. Trading for over two decades, the business makes substantial income through its varied services.
The shop is in the commercial centre of Adelaide, the hub of business activity and retail. It is centrally located, highly visible to passers-by and has become the go-to-place for local and interstate cyclists and fitness enthusiasts. Many clients have been loyal to the business for over 20 years, travelling from all over Adelaide and interstate to visit the store. With the cycling industry growing in the past few years, the business has been generating steady profits with a sizeable turnover.
With climate change and fitness popular themes amongst our population, bike sales have been growing at a fast pace. The business has grown accordingly and become popular throughout Adelaide for its high-quality training and travel services. The unique boutique shop sells bikes for all disciplines, ages, and abilities.
The sale includes all shop-fittings and displays, and the rental agreement has been renegotiated recently. The outgoing owner is willing to train the buyer for a short period and currently employs three well-trained and experienced staff. The business enjoys a solid reputation in the industry and has a strong social media presence. The multiple revenue sources have been instrumental in generating a turnover of $800 000 annually.
Features of the Business
- Highly reputed bike shop located in the Adelaide CBD
- Bicycle sale, repair, accessories, training, and tours
- Trading successfully for over 25 years under the same owner
- Solid relationships with long-term clients and the cycling community
- Well-designed website and Facebook page in place
- All shop-fittings and display included in the sale
- Skilled employees and owner willing to train the buyer
With a loyal customer base and widespread popularity, this business is primed for growth. If you are an individual who loves cycling and has strong business sense you can take over this thriving business and take its legacy forward. Call today