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This is a unique mobile business, which provides bicycle repair services, and distributes bicycle parts and accessories in the Northern and Western Greater Toronto Area. This is the only business in its industry, wherein, appointments can be booked online and a professional technician is dispatched to the customer’s address. By tapping into the rapidly expanding sporting goods industry, the business has achieved consistent organic growth and projects a 15% increase in both the top-line numbers this year. Moreover, revenue is highly diversified. The business operates on a franchise model and receives support from the corporate office, as a result of which, there is no supplier dependency. A mobile and asset-light operating model presents vast opportunities for growth and expansion with minimal overhead. Furthermore, the owner enjoys a great autonomy in the decision-making process.
Currently, the owner is operationally involved in the business as a mechanic and has extensive experience as a bicycle and motorcycle technician. Additionally, the company has a silent partner and a part-time mechanic with over two years of training.
The bicycle and sporting goods distribution and servicing industry revenue are forecast to grow at an annualized rate of 2.3% to $10.1 billion over the five years to 2023, driven primarily by shifts in attitude towards a healthier lifestyle. Increasing expenditure and high demand for sports and recreational activities in Canada will continue to drive up demand for the business. In 2018, the Company was selected as one of the best bike shops in Canada by Canadian Cyclist.
This is a turn-key opportunity for an individual passionate about sports, who is seeking to capitalize on high-profit margins and take advantage of this unique lucrative opportunity.
Asking Price: $175,000
Profit (Normalized): $64,000
Will be provided as required
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