Details - Information last confirmed on April 22, 2021
This rapidly growing cycling sales & service store, located in the highly attractive Charlotte NC market, has earned a reputation for tailored consultative sales offerings and highly skilled service mechanics. The business carries a variety of brands of high-quality bicycles, e-Bikes, and various cycling accessories.
Sale price includes $150,000 of inventory.
The outdoor recreation market continues to expand, and interest in cycling and especially in electric-assisted e-Bikes, has been a part of that growth. This store saw sales grow 12% in 2019, and an amazing 85% in 2020! And 2021 is off to a hot start as well.
“Although sales of traditional bicycles have remained flat in most major world markets for the past several years, electric bicycles (e-bikes) are achieving unprecedented growth across North America, Europe, and pockets of Asia Pacific…. global e-bike sales revenue is expected to grow from $27.3 billion in 2020 to nearly $47 billion by 2030, at a compound annual growth rate (CAGR) of 5.5%.”
--Guidehouse Insights 1Q 2020
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