Established back in the early 1970’s this bike shop has stood the test of time and now with outdoor recreation experiencing a boom thanks to COVID, the new bike sales and maintenance aspects of this business are booming. This is great time to jump onboard and hit the ground running. Located in a busy hub in the Grater Newcastle region with a good lease in place, this is the ideal opportunity to own a business in an industry you love.
This bike shop has many different divisions including;
The bike shop caters to all ages and abilities of clients, from;
A child’s first bike,
The business has grown over the years by providing exceptional personalised and friendly service by trained technicians. The bike shop has served the Newcastle and Hunter cycling community for decades and has been an integral part of the Newcastle cycling scene. Sadly though it’s time for the current owners to move on and provide full time care to aging parents and offers a huge opportunity to someone passionate about cycling to get onboard and take it to further heights.
Listing ID: NSW10021
Primary Broker: Tim Andersen
Phone: + 61 2 9899 1999 / 0413 404 133
Secondary Broker: Paul Helliwell
Phone: + 61 2 9899 1999 / +61 419 015 046
To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10021
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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