25 Oct Ride On Sports – 40 Years of Success
Price: $545,000
Location: Las Cruces & Southern New Mexico, New Mexico
Industry: Retail & Wholesale, Sporting Goods
Listing ID: Ride On Sports
Las Cruces’ High-Profile Bicycle and Outdoor Sporting Goods Store
For 40 years, Ride On Sports has been the one-stop source for southern New Mexico cycling and outdoor enthusiasts. Making the most of its high-visibility space on Las Cruces’ main commercial corridor, the 4,000-square-foot retail space stocks the full range of top-brand bikes, including electric bikes, parts, accessories, clothing, hiking, and camping gear. The price includes $180,000-worth of inventory valued at cost.
If you’re looking for a turnkey business that helps people explore the great outdoors, brings more fitness into their lives, and offers them an eco-friendly alternative to get around, Ride On Sports checks all the boxes. Its product mix has been carefully cultivated and market-tested. It carries a variety of price points to better serve its diverse customers, even those who are just getting started. It’s located in Las Cruces, southern New Mexico’s fastest growing city, and it’s a local brand known throughout the region.
Knowledgeable service, personalized tune-ups of each new bike that leaves the shop, and expert repairs have helped generate strong customer loyalty.
Listing Details
Revenue: $1,171,745
Cash Flow: $221,500
FFE: $101,500 (Included in Price)
Inventory: $180,000 (Included in Price)
Real Estate: (Not Included in Price)
Form of Ownership:
S-Corporation
Reason For Sale:
Seller will retire.
Training & Support:
Up to eight weeks of on-site training, details to be negotiated.
Operation
Year Established: 1982
Year of Last Acquisition: 1989
Days & Hours of Operation: Mon – Sat 10 am – 7 pm, Sun: 11 am – 5 pm
Owner Hours Per Week: 50
Employees: 4 PT
Location
Lease Option: One 5-Year Option through July 3031
Monthly Rent: 7,600
Type of Location: Commercial; standalone
Square Footage: 4000
Relocatable?: No
Facilities Information:
High visibility location in the heart of Las Cruces’ busy commercial district. Ride on Sport’s standalone venue dominates the parking lot of the Arroyo Shopping Center and is easily seen by the over 40,000 drivers that pass by on any given weekday
Summary
Competition:
Ride On Sports is a 40-year-old brand known for quality, selection, and service.
Potential Growth:
A more energetic, tech-savvy owner will have multiple easy ways to grow the business.
Michael Greene
info@samgoldenberg.com
505-820-0163
Address:
126 E. De Vargas Street, Santa Fe NM 87501
