East Flanders: successful bicycle shop

Asking price €1,000,000.00

Financial data

Turnover / Revenue €1,600,000.00
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) €250,000.00

Atmosphere

DESCRIPTION AND ACTIVITY
This bicycle shop specializes in three areas:
1. sale of bicycles in the sports segment of the market: road bikes, mountain bikes, gravel bikes, for both children and adults, including electric versions of these bikes
2. sale of bicycle accessories
3. assembly of bicycles and maintenance & repairs
In each of these three areas, the shop has built up a solid reputation over the past 10 years and has thus earned a very good name in the bicycle world.

City bikes, speed pedelecs, and e-bikes are not currently offered.

The team consists of two enthusiastic and well-trained people, the manager and one experienced mechanic.

Turnover = approx. EUR 1,600,000, with an EBITDA margin of approx. 15%.

LOCATION
This bicycle shop is located in East Flanders.
The company owns a well-located commercial building with a total floor area of 335 m².
This commercial property consists of a shop with a showroom (approx. 90 m²), a workshop (approx. 95 m² & completely renovated in 2021) and a warehouse of approx. 50 m².
An apartment has been fitted out on the first floor.

LEGAL ORGANIZATION
The business is operated through a private limited company.
The property is also owned (99%) by this company and is therefore included in the sale.

UNIQUE SELLING PROPOSITIONS
Small, dynamic, and highly experienced team
Good service to the clientele that has been built up over 10 years
Specialized in road & MTB
Completely renovated workshop
Still lots of potential thanks to expansion of the range with city bikes, e-bikes, etc.

TO BE TAKEN OVER
There is an opportunity to take over the shares of the operating company, including the real estate.
A takeover of the business without the building is also negotiable.

The current owner is willing to assist the acquiring party in transferring knowledge and contacts. The period and modalities in which this can take place 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 division of tasks.

All terms of the takeover are negotiable.

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

Number of employees
2
Customer type
B2C (Business to Consumer)
Active since
2012
Real estate included
Yes
Translated from
Dutch
Disclaimer
Takeover market is not responsible for the content. Please check for accuracy and completeness.

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Construction, Production and Engineering

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