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Retail

Well Established Bike Retail And Service Shop

Lloydminster, AB, CAN
Listed 104 days ago
Established 2016

Opened in 2016 as an online store with the brick n mortar store opening in the May of 2017. There was a need for a high quality shop focussed on bicycle sales and service. With service growing each year, there is potential to add more mechanics and increase the service department. There is a growing need for bicycle repair and no shortage of work to take on. The winter months are supported by snowboard hardgoods and accessories sales and service. With a large supporting area and population, this store has seen growth year over year. A location change in September 2025 reduced over head cost while maintaining the growing need for bicycle sales and service. Owners are interested in selling the business as is, or looking into potential partnerships to support adding a second location in a city with the similar demographic and growth potential. Full buyout is also an option, as owner has options to stay on and train, or be available for consultation and assistance. With well established brands and credit, there is potential to grow this business as the city prepares for expansion.| Owners are open for discussion over options with buyers to assist with an easy transition into the store.

Location

Located in a stand alone strip mall, with easy highway access and close to local residential

Employees

4

Lease Terms

2 yr with flexible lease with option to leave for a larger location when ready.

Real Estate

Lease

Relocatable

This business can be relocated

Trading Hours

Tuesday - Friday 10-7pm - Saturday 10am -5pm Closed Sundays and Mondays

Leasehold Rent

$52,000 (CAD) per annum

Management Type

This business is owner operated.

Owner Financing

Owner financing is available. Please contact the seller for more information.

Premises Details

Approximately 3000 sq/ft of retail space in a stand alone strip mall. With a second level upstairs to support seasonal change. Flexible lease allows for growth.

Support & Training

Option for training and support is available. onsite training and teaching on the buying and servicing all available.

Expansion Potential

Currently we are in smaller location, to control over head costs, but with help and more mechanics, this store could expand in sales and service very easily

Size In Square Feet

3,000

Competition / Market

Locally there isn't any stores that specifically service and sell bikes and similar sporting goods. We service are large surrounding area, customers travel to our store specifically.

Inventory / Stock Value

$275,000 (CAD) - included in the asking price

Reason for Selling

Family relocated - potential to move or open second location.

Financials

Asking Price
$350K
RevenueMost Recent Year
$500K - $1M
Earnings (SDE)Last Reported
$50K - $100K
Assets ValueIncluded in Asking Price
$150K
Seller Financing
Not available

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