🚴Price Change - Exciting Opportunity: Bike Shop for Sale in Campbelltown Area 🚴

Campbelltown NSW
Asking Price $500,000
🚴 **Exciting Opportunity: Bike Shop for Sale in Campbelltown Area** 🚴

Are you looking for a lucrative investment opportunity in the thriving cycling industry? Look no further! An established bike shop in the Campbelltown Area is now on the market, offering a rare chance to own a profitable business with a solid reputation and significant growth potential.

**Key Features:**

1. **Established Business:** With a history spanning 16 successful years, this bike shop has built a strong presence in the community and enjoys a loyal customer base.

2. **Excellent Product Line:** Offering an extensive range of quality bikes and accessories, the shop boasts an impressive inventory that appeals to cycling enthusiasts of all levels.

3. **Spacious Showroom:** A large showroom provides ample space to showcase merchandise and create an inviting shopping environment for customers.

4. **Convenient Location:** Situated in a prime location with ample car parking, the shop enjoys high visibility and accessibility, attracting both local residents and passing trade.

5. **Fully Staffed:** The business is fully staffed with experienced sales representatives and mechanics, ensuring smooth operations and excellent customer service.

6. **Market Monopoly:** Enjoying a monopoly position in the area as the only bike store within a wide radius, the shop benefits from limited competition and a captive market.

7. **Profitability:** With annual sales reaching $1.4 million in 2021 and a net profit of $275,000 (before addbacks), the business demonstrates strong financial performance and profitability.

**Additional Details:**

- **Vendor Finance Option:** The vendor offers financing options for the purchase of stock, providing flexibility for potential buyers.
- **Lease Terms:** A favorable lease agreement with a commencement date of July 1, 2022, and a 5+5 option provides stability and security for the business.
- **Ownership Options:** Buyers have the option to purchase 50% equity now, allowing for partial ownership and shared investment.
- **Transition Support:** The current owner is willing to stay back for transition and handover, ensuring a smooth transition of ownership.

**Investment Opportunity:**

Priced at $500,000, including stock valued at $250,000, this investment offers the potential for substantial returns, with projected annual net profits ranging from $300,000 to $350,000 for new owners. Recent sales figures for August and September 2023 are available upon request.

Don't miss out on this exceptional opportunity to acquire a profitable bike shop with a solid track record and promising future growth prospects. Contact us today for more information and to arrange a viewing.

*Disclaimer: The information provided is based on data provided by the vendor and should be verified independently by the recipient for due diligence purposes.*
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