Bicycle store (Limburg)

The company was originally founded in 1938. By now, the third generation has been at the helm of this well-known family business for several decades. For a long time it was a universal bicycle store, but since 2014 it has been affiliated with a concept, a soft-franchise formula. The concept is a large and well-known Taiwanese manufacturer of bicycles and accessories with a complete package. The brand makes high-quality bicycles at an acceptable price and excellent brand awareness. Europe is an important market for the company and in Lelystad the business has a large production facility for the European market. The company offers their franchisees good support in a variety of areas.

Location
The bicycle business is located in Limburg, a cycling province par excellence. The business is also located in a prime location right in the center of a medium-sized Limburg town. The property is offered for rent. The current owners live in the upstairs apartment and would like to continue living there after the transaction.

Employees
In addition to the owner, two other people work for the company: a mechanic and a part-time salesman. Compared to the industry, this gives the company an average size.

Reason for sale
The business is being sold because the current owners want to downshift. For sale is offered the stock, inventory and intangible assets.

Transaction
The current owners are willing to still support the new owner after acquisition.

Revenue.
Revenue was quite stable in a long series of years. But in the years 2019 and 2020, revenue and also profit increased. This driven by increased interest in E-bikes and unlike other sectors, the bicycle industry has been able to "benefit" from the effects of the corona crisis. Workshop revenue is now a key component and is on the rise.

Asking price
Depending on the value of the stock on the takeover date, the takeover price is approx. €300,000.00.

Procedure
A comprehensive information memorandum has been prepared. After signing a non-disclosure agreement, this memorandum is available to serious interested parties.