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Bicycle Shop Professional/Normal for Sale IN SATWA, Dubai,!!!

Ref No- AE01175247
Subsector Cycle Shops
Asking Price AED 1,500,000
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Business Synopsis
Asking Price
Asking Price
AED 1,500,000
Annual Turnover
Annual Turnover
Available on Request
Annual Net Profit
Annual Net Profit
Available on Request
Audit Report
Audit Report
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About the Business

- Bicycle shop catering to both normal and professional bicycle customers.

- Total number of stabff 10. (Six mechanics).

- Established in 2018.

- Distributor of 4 brands in UAE: 1. Promend 2. Towild Professional Lights. 3. OG Evkin carbon fiber bikes and accessories. 4. Darevie Cycling cloths.

- 2 mobile workshop: 1. Mercedes Sprinter 2008 Van complete workshop with washing bay, generator, compressor with 1.5 ton split AC. 2. Wolkswagon Caddy 2012 van without workshop.

- Stock in hand worth nearly 900,000 AED consisting of bicycles, spare parts, accessories, cycling ware etc.

- Single ownership without any partners.

- Rents: Sharjah shop approx. 2000 sq meter 60,000 AED per annum.

- From time to time supply to Dubai Police and EMAAR: bicycles, parts and accessories.

- Nature of business: Selling, Repair, Service, Home service, supply to other shops.

- Imports mostly from China and Taiwan, having dozens of suppliers for various bicycle products in addition to many shipping agents in China.

- Hundreds of customers who follow and dealing with us.

- Over 200 home service customers mostly Europeans in different communities around Dubai.

- Since I am the sole owner who started with a small shop in Satwa with a small capital of 175,000 AED in 2018 and now grown to more than a Million, I can give the tips and instructions how to make money and more profit to the one who buys it with my contacts and experience. I can wait with him for at least one month giving all secrets of the business.

- Bicycle business is a good profitable business provided if you have the right contacts and ideas, which Alhamdu Lillah I posses and willing to share it with the potential buyer.

- Asking price: 1.5 million AED.
 

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