Retail Cycling Operation:
Asking Price: 145,000 + SAV
Location: Cnr Sheridan St & Mulgrave Rad Cairns Qld
This is an opportunity to secure a business with solid growth potential at an attractive price.
Avanti Plus Cairns is an independent retail business with the support of a national distributor. It is not a franchise. It operates under a dealership contract to sell a range of internationally recognised brands of bicycles and associated equipment.
The only reason for selling is the retirement of the owner.
The business operates out of premises situated in one of the highest profile locations in the Cairns CBD, the corner of Sheridan and Mulgrave Roads. Sheridan Street is the main access road for all northern suburbs, while Mulgrave Road connects to western suburbs and the main highway south to Brisbane.
The shop fitout alone originally cost several hundred thousand dollars and is about to be refreshed and rebranded under the dealership contract at no cost to the owner.
The store is benefitting from the long term trend of increasing participation in cycling in Australia for recreation, transport, and sport. Strong demand is seeing the ratio of stock turnover to sales per month running at some 4 to 5 to one.
The business is the only Avanti branded store north of the Sunshine Coast and has customers from Torres Strait in the north to Townsville in the south and west to Mt Isa. This is despite having no online sales platform, one of the opportunities available to the new owner. Another is Sunday trading, which the present owner ceased in 2019, but secures some additional $100,000 in sales per annum.
A comprehensive Information Memorandum is available to genuine buyers at the owner’s discretion.
Cnr Sheridan & Mulgrave Rd, Cairns QLD
$145,000 + SAV
Phone (within Aust)
Phone (outside Aust)
+61 7 40407100
PO Box 433 Edge Hill Qld 4870
173 Hillview Crescent, Cairns Qld 4870