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This is a unique mobile business, which provides bicycle repair services in the Northern and Western regions of the Greater Toronto Area. Customers can book appointments directly through the business’ website, 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. The business operates on a franchise model, meaning the business owner receives continued support with inventory, sales, and marketing. As a result, there is no supplier dependency and the owner can utilize the franchise’s network to lead the business to further successes. In addition to bicycle repairs and servicing, the business also generates revenue from the sale of bicycle parts and accessories. There is potential for the franchise to expand into other areas in the Greater Toronto region, and introduce ski services to capture a greater market year-round. Furthermore, the owner has autonomy in the decision-making process, demonstrating that this is not a restrictive franchise model.
The bicycle and sporting goods industry revenue is 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. Being a mobile business, the owner benefits from low overhead costs and the business can be easily relocated, making the acquisition a straightforward transition to the new owner.
Asking Price: $150,000
Profit (Normalized): $64,000
Will be provided as required
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