Description

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

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. Turnover level = approx EUR 1.600.000, with an EBITDA margin of approx 15%. LOCATION This bicycle store is located in East Flanders. The company owns a well-located commercial building, with a total ground surface of 335 m².
This commercial building consists of a store with showroom (ca 90 m²) - a workshop (ca 95 m² & fully renovated in 2021) and a warehouse of ca 50 m². 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 (for 99%) by this company and is therefore also sold.

UNIQUE SELLING PROPOSITIONS Small, dynamic and very experienced team Good service to the clientele built up in 10 years Specialized in racing & MTB Fully renovated workshop Still a lot of potential by expanding the range with city bikes, e-bikes, ... TO TAKE OVER The possibility is offered 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 to 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 tasks to be fulfilled. All acquisition modalities can be discussed. If you are interested, please contact us and we can provide you with a detailed acquisition memorandum.