Bike shop for sale in Plano

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2007-11-14 2:16 PM

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Pro
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McKinney, TX
Subject: Bike shop for sale in Plano
I just saw this - http://dallas.craigslist.org/bik/478728172.html
on Craig's List. The only bike shop I can think of would be XL Cycling at Independence and Legacy. Can anyone else think of one or know of another?

2007-11-14 2:31 PM
in reply to: #1053395

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Champion
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the colony texas
Subject: RE: Bike shop for sale in Plano

hmmm..

 

I almost bought a flower shop a couple of years ago... I need to find out more

2007-11-14 2:32 PM
in reply to: #1053395

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Elite
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Subject: RE: Bike shop for sale in Plano

Plano cycling & Fitness.

I hope it's not them.

2007-11-14 2:44 PM
in reply to: #1053439

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Champion
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Subject: RE: Bike shop for sale in Plano

I wouldn't really call where they are "upscale".  I doubt it.

oipolloi - 2007-11-14 2:32 PM

Plano cycling & Fitness.

I hope it's not them.

2007-11-14 2:46 PM
in reply to: #1053395

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Pro
4827
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McKinney, TX
Subject: RE: Bike shop for sale in Plano
Of the 5 in the area that I know - RBM, Plano Cycling and Fitness, Cycling Spectrum, Performance Bike & XL Cycling; XL Cycling is the one that never seems to have customers in it or that people haven't heard of. And therefore, would be on my 'list' for most likely to be sold/closed.

Edited by KenD 2007-11-14 2:47 PM
2007-11-15 11:40 AM
in reply to: #1053395

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Elite
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Hurst, Texas
Subject: RE: Bike shop for sale in Plano

More info:

Full Service Bicycle Shop For Sale

  • Plano, Texas, United States

Add this business to my shortlist

Details Asking price:$89,000

Sales revenue:$280,000

Net profit:$58,000

Fixtures value:$40,000

Inventory value:$55,000

 

Business description Voted "Best Bike Shop In Collin County the past 4 years. Great location in affluent area. Local Club rides leave from our parking lot.
General information
Years established:6
Employees: 3
Trading hours: M-F 10-7 Sat 10- 6 Sun 12-4
Relocatable: This business can be relocated.
Real Estate: Lease
Lease terms:lease expires October 2007.
New owner has option to renew for 5 years or relocate
Location:Located in a strip center in an affluent part of town. Busy shopping center with high traffic. We are 2 doors down from the Grocery store anchor
Competition / Market:Call Jerry Aris with any questions at 214-597-8134
Support & trainingwner will provide new owner training for 2 weeks in store. Will provide 3 mos phone consultation.
Reasons for selling:To retire
Financing available?Will help arrange financing


Edited by OldAg92 2007-11-15 11:43 AM

2007-11-15 11:41 AM
in reply to: #1053395

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Elite
2706
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Hurst, Texas
Subject: RE: Bike shop for sale in Plano
Sorry for the horrible formatting; I did the cut and paste from another website and it is messed up
2007-11-15 12:06 PM
in reply to: #1053395

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Champion
4902
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Ottawa, Ontario
Subject: RE: Bike shop for sale in Plano
Wow, that looks like a great investment ... provided the figures are not made up.  That is a relatively low investment sum for what seems to be a good business -- and pleasure -- opportunity.  Too bad it's so hot in Texas!
2007-11-16 8:20 AM
in reply to: #1053395

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Pro
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Texas
Subject: RE: Bike shop for sale in Plano
If I had an ounce of business acumen, I'd be all over this.
2007-11-16 8:28 AM
in reply to: #1053395

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Veteran
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Austin TX
Subject: RE: Bike shop for sale in Plano
It's gotta be the one at Legacy and Independence where the PBA group rides leave from. Not sure of the name.
2007-11-16 10:13 AM
in reply to: #1053395

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Subject: RE: Bike shop for sale in Plano

The one at Independence and Legacy is XL Cycle.  I'll bet it is this one because all of the PBA rides that I know of start there.  All the rides I know of either start there or one of the RBM locations.  And I can assure you RBM is not for sale.  The other possibility would be Wheels in Motion, except that WIM is in Richardson. I think WIM was recently sold and with all the changes, I think they lost their Orbea line (but they still have some bikes).  At least the last time I talked to the Orbea folks up in Arkansas that was the case.  They may have gotten things worked out.

 

 

2007-11-16 10:14 AM
in reply to: #1053395

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Pro
4827
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McKinney, TX
Subject: RE: Bike shop for sale in Plano
That description fits XL Cycles.
2007-11-25 4:49 PM
in reply to: #1053395

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Subject: RE: Bike shop for sale in Plano


The rumor was true, Bruce, Owner of XL Cycle is closing his doors. We will miss him dearly. Hopefully he will still come out and help out with the Novice ride from time to time as he ventures off to new waters January 1st, 2008.

Bruce is going to start blowing out his inventory starting Monday. He has offered the PBA first choice at his merchandise on Saturday. I was in there today and picked up $300 worth of cool stuff.

He has a nice time trial bike that he said he would really wheel and deal on. Ask Bruce for details. Also he has I think three new blackburn trainers, each of different levels, one of each. Helmets, shoes, Jerseys, tubes, tires, bikes, all must go. I picked up a pair of new winter gloves, head light, tail light, tubes, tires, sweat band, blinky lights, etc.

Get there Saturday for the best stuff.

Rusty Nail
[email protected]

 

 

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