Broker Info

Dan Munter Business Broker (310) 882-2200 ext 121 LIC# 01871136

Summary

This Bike Shop was established in 1985. The present owner was hired as a manager in 1986 and took ownership of the store in 2004. The revenues of the store are equally divided between bike sales, repairs and parts. It is situated in Highland Park, which borders Pasadena and Eagle Rock , areas known for bicycle enthusiasts.

Over the years it has built a strong reputation and client list. It caters to all variety of bicyclists. From children getting their first bike to week-end warriors and racers.
There are several obvious ways that a new owner can grow the business. The first one would be to expand the hours of operation. The store is only open Monday, Tuesday, Thursday, Friday and Saturday from 1 pm to 6 pm. Also, the store does not spend any money on marketing ( No fliers, no coupons, no ads). The store does not have a web site. The owner believes that a new owner could increase sales dramatically if any of the above ideas were put into action. The owner is selling because after 24 years of running the operation, he would rather be riding his bike then working indoors.

The ideal buyer would be a bicycle enthusiast who has a working knowledge of repairing a bike. The owner will train the buyer and will also be available to fill in from time to time, if the buyer should need him.

Interested parties should register online at www.bizex.net or call Dan Munter at 310-882-2200 ext. 121 for more details.

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