Listing Number: 1110202-842491
Description
SELLER LOST HIS LEASE AND MUST SELL IMMEDIATELY. Have you ever imagined owning a top-brand, independent e-bike sales, rental and service shop in the center of 138-miles of Class One bikeways near St Louis? Here is your opportunity! The seller's lease is expiring soon and he must move to a new location. He is ready to retire and turn his business over to a motivated buyer ready to capitalize on this opportunity. Pedego Electric Bikes - Edwardsville (https://pedegoelectricbikes.com/dealers/edwardsville/) has an exclusive contract with Pedego Electric Bikes - the largest retail chain of electric bike stores in North America. Located adjacent to the Madison County Trail System one of Illinois' most extensive trail systems (https://www.mcttrails.org/). Sale includes full inventory of e-bikes, parts, accessories, fixtures, equipment and tools valued at $70,000. Purchased in 2022 from the former owner, the seller and his wife have developed a 5-star reputation based on honest service, high-quality products and a great location. Seller is highly motivated and eager to find a great buyer to grow the business. He is willing to stay on to help the new owner relocate and re-open the shop. Growth opportunities abound and depend on a buyer’s ability to market effectively, expand the team and facility and possibly expand across the St Louis region. With revenues approaching $250,000 and SDE projected to exceed $50,000 in 2024, this listing is priced to sell. For as little as $10,000 down you can own and grow this exciting business. THE LEASE EXPIRES SOON SO PLEASE ACT QUICKLY.
For more information, contact Charlie Scarlett listing agent with Transworld Business Advisors at 636-400-5406, cscarlett@tworld.com or our office at 636-400-6100 stlwest@tworld.com
Listing Details
- Price: $99,000
- Down Payment: $10,000
- Sellers Discretionary Earnings: $9,863
- Total Sales: $220,015
- Location: Madison County, Illinois
- Inventory: $63,000
- FF&E: $7,000
- Employees: 1
- Year Established: 2022
- Reason for Selling: Retirement
- Category: Sports Related Biz
