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Leisure & Entertainment business for sale in Newcastle

  • Leisure & Entertainment
  • Bs144492 Newcastle NSW 2300
  • $185,000 (GST na)

Price Drop! Bicycle Sales and Service - Business is Booming! - NSW

Business ID: BS144492

Income to owner $150K - Sale Price $185K inc SAV

Started by one of the current owners 4 years ago this business has experienced consistent growth in sales and now produces a very healthy income for a working owner.

Located in Tamworth NSW, the business operates from modern premises that benefit from off street parking. The business is the only one of its type in town that offers customers the choice of 5 bike brands. The business has been priced to sell and all stock is included in the listed price.

-Well established with good products
-FY20 Revenue $720K+
-GP 40%
-Excellent premises with fair lease terms
-Income from equipment sales and maintenance
-Small number of staff required
-Solar (cost $17K) fitted to roof saves $4-5K in bills

The owner will provide a 2 week handover after settlement.

This business has been very reasonably priced to facilitate a quick sale. Enjoy a pleasant lifestyle business that has maintained strong sales throughout the Covid outbreak.

The business will appeal to a cycling enthusiast and there is sufficient income for the business to be run under management and return a healthy ROI for the buyer.

Asking Price: The goodwill, assets and all stock are for sale for $185,000 (plus GST if any).

Map for Bs144492 Newcastle NSW 2300
Map for Bs144492 Newcastle NSW 2300Bs144492 Newcastle NSW 2300
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