Summary
Diamond Creek Bicycle Shop - This business has been run by the owner for 15 years and now it's time to retire. We specialise in Trek bicycles as our major brand but also have access to other options.
Revenue
$500,000 pa
Rent
$50,000 pa
Expenses
$100,000 pa
Net Profit
$350,000 pa
Location Details
42 Chute Street, Diamond Creek Vic 3089
Building is located in a busy shopping strip which includes many long standing business in the area. Its location provides prime visibility as it is located at the beginning of the strip, so the large side wall is available for signage.
Potential
Great opportunity to expand this business by increasing it's presence of social media promotion. Diamond Creek is a very fitness orientated family area which in itself allows room for growth. Business has been significantly growing since its original purchase 15 years ago, and has a thriving loyal local customer base. Sports groups in the near vicinity include the large netballing community located at the rear of the shop, and also Diamond Creek football club. Both have a large local following. This provides great walking foot traffic captures.
Skills
A sound business background in sales and an experienced bicycle mechanic are beneficial to support and enhance the business. Currently this business is run by the owner with support from an amazing talented and enthusiastic business manager/mechanic with more than 30 years experience in the trade. The owner has over 40 years' experience and is happy to assist with the transition.
Hours
Mon - Friday 10.00am to 5.00 pm, Saturday 9.00am to 3.00pm. Closed Sundays and Public holidays.
Lease
Lease is negotiable upon sale as owner also owns the building.
Employees
There are two employees, the owner and one Manager/Bicycle Mechanic. This store can be run comfortably with two good pepople as this has been the case for the last 15 years.
Reason for Sale
Owner is retiring.
About the Business
This business was purchased 15 years ago in a small adjacent building. It was originally situated 2 doors up from it's current building. Since moving 9 years ago, it has grown significantly.
Diamond Creek Bike Shop sell bicycles, parts and accessories as well as a fully equipped workshop to service bicycles. We specialise in Trek, a major brand in the bicycle industry, which has a huge following.
The client base we have covers a broad range, from familiies and small children to professional and recreational cyclists.
We are unique in that the population has a thriving cycling community with access to a large range of bicycling trails, including Diamond Creek, Hurstbridge and Eltham.
It is a thriving business and a trusted community member with a good loyal customer base in a relaxed atmosphere.
NOTE, VIDEO PROVIDED IS FROM 2018.
History
The owner began his working life in his father's bicycle shop in Adelaide. After moving to Melbourne, he worked in the wholesale side of the industry for a private company for 9 years, including trips to Taiwan looking after bicycle specs and sales repping for the company. He then started his own import company and ran it for 20 years which included sales to bicycle stores throughout Australia. 15 years ago, he then dediced to have more relaxed lifestyle and transferred to the retail section of the bike trade and has made it what it is today.
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