Bicycle Store / Bike Shop in Altona

6 days ago

Private Seller

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Summary

This iconic store was established 19 years ago and quickly became one of the highest turnover stores in the West. Focusing primarily on the family & road segments.

Revenue

$21,000 pw

Rent

$1,000 pw

Expenses

$16,500 pw

Net Profit

$3,500 pw

Location Details

305 Queen St

Potential

Based in the Heart of Altona Meadows this store is located within the largest growth corridor of Melbourne and only 10km from the CBD.

Online and Weekend hours offer a large opportunity for growth.

Skills

Sales
Business Management
Mechanic - Great but not Essential

Hours

Trading Hours
Monday to Friday - 9.30 till 6pm
Saturday - 9.30 till 3pm
Sunday - Closed

Lease

Flexible terms available as we own the property.

Employees

Store Manager
Salesman
Mechanic

Reason for Sale

After 25 years in the industry and building this business into a successful, well known and respected enterprise, vendor Adrian Salter has decided to em-bark on a new business venture.

About the Business

Salter Cycles:

Bike Store / Bike Shop / Bicycle Store / Bicycle Shop

This iconic store was established 19 years ago and quickly became one of the highest turnover stores in the West. Focusing primarily on the family & road segments,Salter Cycles is supported by the two largest brands Giant and Shimano.

Based in the Heart of Altona Meadows this store is located within the largest growth corridor of Melbourne and only 10km from the CBD.

Salter Cycles was created to capitalise on the ever increasing popular-ity of cycling in Melbourne. It is a family Store focusing on the sale of low and high end bicycles, parts and accessories.

Salter Cycles is held in the highest regard by the public and within the indus-try. It provides a complete range of products, service and re-pairs. The workshop has been recently fitted out by Shimano.

The current lease expires in XXXX

Reason for Sale:

After 25 years in the industry and building this business into a successful, well known and respected enterprise, vendor Adrian Salter has decided to em-bark on a new business venture.

The staff at the store are all highly trained and would prove an asset to any new owner.

Further Information:

This rare opportunity to purchase a store with a solid track record of producing consistent profits for its owner and a large database will not last long so don't delay, enquire now.

If you wish to receive further information relating to purchasing this business please contact Matt Gordin.

History

This iconic store was established 19 years ago and quickly became one of the highest turnover stores in the West. Focusing primarily on the family & road segments,Salter Cycles is supported by the two largest brands Giant and Shimano.

Based in the Heart of Altona Meadows this store is located within the largest growth corridor of Melbourne and only 10km from the CBD.

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