A successful network of cycle shops with three branches in Slovakia and an e-shop

Banskobystrický region, Žilinský kraj, Slovakia

listing nr.: 220029

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is no longer active
Valuation 159 000 €
Net debtNet debt is an indicator of a company's indebtedness. It is expressed as the amount of the interest-bearing loan minus the cash in the company.
0 €
Revenues Revenues express the total annual volume of the company's performance, which the company obtained through the sale of goods and services during the accounting period.
425 000 €
HistoryDuration of business operation.
10 years
EBITDA EBITDA is a financial indicator of the company's operational performance. Annual EBITDA is expressed as earnings before interest, taxes and depreciation in a given year.
0 €
EmployeesThe number of employees employed in the company on a permanent employment contract as of the date of publication of the offer.
9

Basic information

The subject of the sale is a company engaged in retail and wholesale in the area of bicycle assortment. The company has more than 8 years of the market experience, during which time it has built up a very reputable name in the field. The company mainly specializes in the sale of bicycles and e-bikes, but also sells accessories, cycling clothing and operates a bicycle maintenance servis. 

The company operates through 3 established brick-and-mortar stores in central Slovakia, and also operates a developed e-shop serving the entire Slovak Republic. In 2021, the company recorded more than 16,000 sales, and in the first half of 2022, close to 9,000 sales. The retail margin of the company on most items is approximately 35%. Most of the sales come from retail sales. Sales from the maintenance servis activity are approximately 10% of the total sales.

All 3 stores are between 100 and 150m² and are independently managed. The stores are leased for the total amount of  2,700 EUR/month.

The company currenly employs 9 employees. Each store has 1 sales manager and 1 assistant salesperson. In addition, the employees include 1 perosn for the management and management of the e-shop, 1 service technician and 1 sales director. All (9) employees work for the business and may stay after the sale. The owner does not intervene in the daily operations. He performs only control activities which takes him approximately 1-5 hours/week.

The subject of the sales is a part of the company including the brand, domain, e-shop, 3 established functioning stores, store equipment, trained staff, market position, supplier relations, and know-how. Included in the sale is also inventory with an indicative value of EUR 300,000, but is not included in the stated price. The amount of inventory changes over time, so the stated price per business will increase according to the current amount of inventory. The higher stock level is always at the beginning of the season in the spring. 

The sale structure does not include s.r.o., because other activities are also conducted under its name. 

Tangible assets

  • equipment and fit-out of brick-and-mortar stores
  • computing technology
  • the stated price of the company does not include stock, currently in the amount of approx. EUR  340,000 (i.e. the price of the company with inventory is EUR 499,000)

Intangible assets

  • an established brand
  • eshop
  • supplier contacts
  • professional and trained work team
  • website
  • know-how

Rentals

  • 3 stores
    • 100-150m²
    • total rent: EUR 2,700

Employees

  • number of employees: 9
    • 3x store manager
    • 3x assistant salesperson
    • 1x e-shop administrator
    • 1x service technician
    • 1x sales director

Indebtedness

  • none

Total annual sales

  • 2019: 152.000,- EUR
  • 2020: 402.000,-  EUR
  • 2021: 371.000,- EUR
  • 2022: 420.000,- EUR (estimate)
  • 2023: 554.000,- EUR (plan)
  • 2024: 684.000,- EUR (plan)

Operating EBITDA

  • 2019 – 2021: bez zisku, firma masivně investovala zdroje do růstu stavu skladu a expanze podniku
  • 2022: 18.100,- EUR (estimate)
  • 2023: 43.040,- EUR (plan)
  • 2024: 74.400,- EUR (plan)
  •  

Other information

  • Duration of operation: 8 years
  • Reason for sale: other priorities of the owner
  • Legal form: s.r.o. (LLC)
  • Subject of sale: part of the business (commercial plant)
I am interested

Ing. Tomáš Šuverík

managing director

+420 731 788 155
suverik@inbase.cz

If you are interested, contact us!

We will be happy to provide you with more detailed information after signing a non-disclosure agreement (NDA).