Big Brands Bike Sales and Repairs Newcastle Area

Big Brands Bike Sales and Repairs Newcastle Area

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Big Brands Bike Sales and Repairs Newcastle Area

Key Sale Highlights

  • Established for over 8 years
  • International well known brands with back up and support
  • Turnover over $1.2M
  • Owner works a few hours per week and returns approximately $178,000 EOFY2021
Shane Fox

Proudly listed by Shane Fox

Broker Firm

Business Overview

This well established medium sized business is ideal for those who are passionate about bikes, sport, fitness, and the great outdoors. The whole range of mountain bikes, road bikes and the now emerging E-bikes range are selling quicker than they can get them. Huge current orders with deposits will ensure an instant injection to a new owner’s cash flow. With highly sort after key brands secured, this business has a very loyal customer base and repeat business. Stock is coming through and back to normal, so it is an exciting time to transition into this well priced business offering well over 50% return on asking price. The industry has boomed over a few years which is resulting in more service work, accessory sales, returning customers looking at upgrades and now E-bike sales have gained momentum. To find out more about this opportunity please complete in full the confidentiality deed on this listing or call the managing broker Shane Fox on 0415 407777

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Confidentiality Deed Poll *

BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed prior to providing Confidential Information.

TERMS AND CONDITIONS

The undersigned agrees to keep all information strictly confidential and use it only for the purpose of evaluating the proposed transaction.