Detailed financials available on request
The management and staff pride themselves on personal service and they stock and sell well-known local and international brands, provide bicycle services/repairs as well as spares and accessories. They cover the needs of most cyclists from children through to experienced advanced riders and their website is well-established with an excellent online presence and good brand recognition. The business is located in a very popular Eastern Cape coastal holiday destination and is run by the owner and supported by a small compliment of staff. The store is well supported with the closest competitor 70 km’s away. There is huge potential with cycling considered to be the fastest growing sport in South Africa and there is an opportunity for a bike enthusiast to turn his passion into a money making reality. The asking price is R200,000 (excluding Stock) The business has an annual net profit (EBPIDT) of approximately R185,710 and offers a return on investment of 93 % and/or a monthly payback of approximately 13 months.