Reputable Scooter/Motorcycle/bicycle sales, rentals, and repairs

This is a premier spot for scooter and bicycle rental, water sport activities, repair, and sales of scooters in the South Florida area. It is renowned from tourists and locals. Strategic location right in the center of Miami Beach, close to the beach, hotels and many tourist attractions. This business is an authorized dealer for Bintelli and Adly scooters, parts and accessories in South East Florida.

Down Payment: $189,000

Total Sales: $222,656

Cash Flow: $34,489

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $5,585

FFE Included: Yes

Inventory: $35,868

Inventory Included: Yes

Year Established: 1997

Days & Hours of Operation: 7 days a week, 10am-8pm

Owner Hours Per Week: 20 hrs

Non-Owner Payroll: N/A

Employees: 3

Managers: 1

Lease Option: Landlord is willing to extend

Real Estate: N/A

Monthly Rent: $3,629

Type of Location: Street Retail

Square Footage: 1,500

Franchise: No

Relocatable: Yes

Facilities Information:

Close to shops and the ocean, this facility is located in the heart of Miami Beach. This business operates 7 days a week from 10am to 8pm. They offer daytime activities including scooters/motorcycle for 1-2 passengers, bicycle, and roller blade rentals. In addition, they have a wide range of services from Miami tours, nightclub services, water sports packages, aquatic activities, boat charters and jet ski rentals. Dealership license in place with qualified employees.

Reason For Sale:

Dissolution Partnership

Training & Support:

Seller is willing to provide training for two weeks.

Historical Summary:

This business has been providing outstanding service to both tourists and locals for the past 14 years. It is a well known spot for their scooter/bicycle rentals and water sport activities.

Owner Qualifications:

Strong customer service skills and knowledge in scooters, bicycles, and water sports is a plus.

Competition:

With Miami Beach being the number one hotspot in South Florida for tourist, there is always going to be a need for transportation rentals to give tourists and residents the opportunity to stroll through the city of Miami without the traffic experience. Customers have a wide range of options from renting scooter and bikes to enjoying their day on the water jet skiing or kayaking. Since this business has been operating for over 14 years, they have build a loyal clientele.

Potential Growth:

Sales have been growing over the years. This is an established turn-key Business, easy to manage and may qualify for E2 visa Buyers.

Financing/Terms:

No financing available.