A family owned and operated bicycle store specialising in the sale and repair of global leading brands such as Trek, Specalized, and Merida.
Located in Griffith NSW a thriving cosmopolitan regional city. This business has a fantastic local reputation of being THE go-to business for bikes. An agent for global leading brands, the sale and servicing together with a wide variety of parts and accessories, are all areas showing strong returns.
A modern, contemporary fit out completed recently provides the perfect premium showcase of bikes and accessories throughout the store. A comprehensive computerised inventory and barcode system make reporting, sales and stock control a breeze. A fully equipped and extensive workshop ensures servicing and repairs are conducted in house. With the current staff consisting of an Owner/Manager and an additional Mechanic/Sales person. No ongoing lease contracts allow for the relocation of this business to any desired retail premises.
The Bicycling Retailing and Repair Industry is forecast for high growth into the future, with the resurgence of cycling culture and bike tourism, an increase in environmental and health consciousness, and the demand for high end mountain and E-bikes. This business has grown significantly over the years by providing exceptional personalised and friendly service by trained technicians. Comprehensive online product and training support provided by the manufacturer allow for strong confidence in the sale of product and the after-sale servicing.
Anyone with a keen sense of business would be suitable to run this retail outlet, with the opportunity to complete a nationally recognised Certificate II in Bicycle Workshop Operations at a 7 Day course provided by an external 3rd party provider if additional bike knowledge is required.
Owner selling reluctantly due to family restructure of business. Owner available during transition period of business if required. Substantial current stock levels, combined with forward orders arriving regularly throughout 2022/2023 make this store an attractive proposition for anyone from a first-time store owner through to existing retailers wishing to expand.
Griffith has also had $1 million approved in funding in the past 12 months alone for local bike projects, including the recently completed Pump Track and approval of funds towards a new Mountain Bike Park. With Griffith also posting a 21 percent increase in population in the past 10 years, this bike business is set for future growth.
KEY FACTS
- High growth market segment
- Global leading brands in high demand
- $1 Million in local infrastructure for bikes approved in past 12 months
- Established client base
- Excellent reputation
- Fantastic fixtures and fittings purpose built
- Exceptional profits
- Phenomenal year on year growth
- Successfully run with owner and 1 staff member
- Forward orders secured
This fantastic opportunity lends itself to a family operation, partnership or a strategic acquisition of an existing operator. The new owner will be in a position to springboard off this already booming business.
