1 Withheld StreetNew Milford, CT 06776MLS Number 170357495

  • Price: $119,900
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Federal 30-year interest rate: 3.02% last updated on Mar 4, 2021
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  • 1,657Square Feet

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This business sells all types of bicycles, accessories and repairs all models and types of bicycles. Their market is mostly local residents from nearby CT towns in Fairfield & Litchfield counties. The Owner who is planning to retire, has been in this industry over 40 years, 36 of which has been in New Milford, CT. The business has been located at its current address for 14 years and prior was located nearby on a road the State widened. The store is in a small commercial complex with several other businesses across from tennis courts in New Milford, CT. It is minutes from The Green. There is a lot of potential for a new Owner who wants to increase his/her business. A few ideas…the new Owner could start a Bike Club, sponsor group rides & events, do social media, run seminars, advertise in the local papers or on radio, offer free or paid training classes etc. none of this is currently being done now - why? The Owner wants to retire after more than 40 years owning Bike Shops. This business is not for a beginner. The new Owner should have experience in this industry and be familiar with repairing all types of bikes. The Owner is willing to train the Buyer, but not stay with him forever. He might, however, consider working for the new Owner - part time!

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Property Details

The Matthews Group
The Matthews Group
Office: 860.868.0511
4 Green Hill Road
Washington Depot, CT 06794
Listing Courtesy of Blanket Real Estate

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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