East Flanders: successful bicycle store

Asking price €625,000.00

Financial data

Turnover / Revenue €1,400,000.00

Atmosphere image

DESCRIPTION AND ACTIVITY
This bicycle store has specialized in 3 areas:
1. sales of bikes in the sporty segment of the market: racing bikes, mountain bikes, gravel bikes, both for children and adults, and these bikes also in electric versions
2. sales of bicycle accessories
3. assembly of bicycles and maintenance & repairs.
In each of these 3 areas, the company has built up a solid reputation over 10 years and has thus acquired a very good name in the cycling world.

City bikes, speedpedelecs and e-bikes are not offered today.

The team consists of 2 enthusiastic and well-trained people, the manager together with 1 experienced mechanic.

Sales level = ca 1.400.000 EUR, with an EBITDA margin of ca 14%.

LOCATION
This bicycle store is located in East Flanders.
The company owns a well located commercial building, with a total land area of 335 m².
This commercial building consists of a store with showroom (approx 90 sqm) - a workshop (approx 95 sqm & fully renovated in 2021) and a warehouse of approx 50 sqm.
On the second floor there is an apartment.

LEGAL ORGANIZATION
The activity is operated through a private limited company.
The real estate is also owned (99%) by this company and is therefore sold along with it.

UNIQUE SELLING PROPOSITIONS
Small, dynamic and very experienced team
Good service to the customer base built up over 10 years
Specialized in cycling & MTB
Completely renovated workshop
Still a lot of potential by expanding the range with city bikes, e-bikes,...

TO ACQUIRE
An opportunity is offered to take over the shares of the operating company, including the real estate.
An acquisition of the trading fund without the building is also negotiable.

The current owner is willing to accompany the acquiring party to help transfer knowledge & contacts. The period and modalities in which this can happen are negotiable.

The selling party is even open to a co-partnership with an additional partner, in which case clear agreements must be made regarding the execution of tasks.

All acquisition modalities can be discussed.

Interested?
Please contact us and we can provide you with a detailed acquisition memorandum.

Location
Oost-Vlaanderen
Number of employees
1
Active since
2012
Real estate included
No
Translated from
Dutch
Disclaimer
Takeover market is not responsible for the content. Please check for accuracy and completeness.

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