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Listing Id: 34005 Last Refreshed: 07/11/2024 Total Views: 3 Broker Ref: 22729

Rare Opportunity! Own a Thriving Bicycle Business near Caulfield!

Southeast Area, MelbourneEntertainment and Leisure
Asking Price: $150,000
Business For Takeover
Look For Investor
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Overview

  • Premise Type N/A
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  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

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Description

Are you ready to take the reins of a successful and long-established business? Look no further! This is your chance to own a highly profitable bicycle centre with over 35 years of history and a stellar reputation.

Key Highlights:

Prime Location: Situated in a bustling area near Caulfield, this business spans over 440 sqm, drawing in a steady stream of customers.
Strong Earnings: With current takings around $17,500 per week and a vendor-claimed net profit of approximately $200,000 per annum, this business offers solid financial returns.
Stock & Margins: A robust stock valued between $300-350K ensures that you're well-positioned to maintain high margins and meet customer demands.
Affordable Lease: Enjoy a favorable lease at just $1,580 per week, securing your investment with minimal overhead.
Growth Potential: This business is ripe for expansion, offering ample opportunities to increase profitability and make your mark in the industry.

Why is it for sale? The current vendor is retiring due to health issues, creating a rare chance for a motivated buyer to step in and continue the legacy.

Don't miss out on this incredible opportunity! Contact Judy now at 0482 020 797 before it's gone!
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