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Bicycle Shop For Sale
Location: Thailand -> Chiang Mai
Industry: Retail > Other Retail

Business Summary

Mong Cycles in Chiang Mai, one of the city's best bike shops, is up for sale due to owner's health problems. We have a profitable shop with a loyal customer base, good location, and great potential for continued growth. Eighty percent of our customers are ex-pats or tourists, twenty percent Thai. We carry four major bike brands and have strong supplier relationships. Everything is in place to hand over and we are willing to work with new owners to make a seamless transition. We would like to sell the business as a going concern, or find an active partner, as there is much in place that would be extremely difficult to reproduce from scratch.

However, if no offers are received by the end of the year we will begin to wind up operations. We have about 2,500,000 in hard assets (fixtures, tools, bike and accessory inventory) but are working to reduce this as much as possible to lower the selling price. Profit and other detailed financial information is available for serious candidates. All reasonable offers will be considered.

Contact info: Stuart Smith or Suchada Smith
Phone: +66882602579


Asking Price Range:  < $250K
Gross Revenues:   $200,000
Cash Flow:   $200,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $720,000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Support marketing, suplires, mechanic training
Reason For Selling:  Health problems

Print Listing Id: 700278901
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