#Business ID: 14645
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Business Location: Suburbs, Chicago, Illinois, United States
Asking Price: $ 985,000 | Revenue: $ 776,859 | Cash Flow: $ 129,027 |
The lot size is 20,016 sq ft. The building is 6,273 SF. It\'s a 2-story commercial building with about 26 parking spaces.
1990
Real
$ 75,000
$ 240,000
$ 810,000
A new owner could increase sales by focusing on the website & search engine optimization. I think they would get quite a bit more internet/website traffic if they displayed their current inventory directly on their website, along with sale items, coupons & reviews. Website optimization would help them sort high in internet searches. Right now, they don't sort very high at all. Updating the website & improving the search engine optimization are both easy fixes & would significantly help their internet sales & traffic.
Direct mail, e-mail blasts, group rides and in-store clinics are additional areas that would add greatly to the business volume. Another area of opportunity is advertising. If you look at their advertising expenses each year compared to their gross sales, you'll see that they are only spending about 1% of sales on advertising. In 2009, they spent a whopping 1.8% of gross sales on advertising. This was their highest percentage spent on marketing. Most bicycle shops spend at least 3% of sales on advertising.
10
Yes
Owner might consider a small amount of financing with qualified buyer.
Retirement.
Follow your passion - find and buy the business that fits your dream. Buy it Safely!!