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!
Listed by Charlie Vlahos of Blanket Real Estate

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More Info

Basic Information

  • Broker NameBlanket Real Estate
  • List Price$119,900
  • MLS Number170357495
  • Property TypeBusiness For Sale
  • StatusACT
  • TownNew Milford
  • Also for leaseNo
  • MLS StatusActive

Utilities

  • Heat SystemGas on Gas
  • Heating FuelPropane
  • Utilities availableElectric, Phone Available
  • Water sourcePublic Water Connected
  • Cooling SystemWindow Unit
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Basic Information

  • Agent IDB6782,

Building

  • Building ConstructionFrame
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoPaved, Driveway, Off Street Parking
  • Square Feet1,657
  • Restrooms number of1
  • Stories2
  • Additional space availableNo

Amenities

  • UsmAmenitiesTennis

Auction

  • Bank owned propertyNo

Other

  • Documents AvailableOther
  • Lease purchaseNo
  • Purchase optionNo
  • Lease years remaining2
  • Landlord requirmentsCredit Check, Security Deposit, Lease Required, Lease Restrictions, Other
  • Landlord responabilitySewer, Snow Removal, Trash Service, Water
  • Inventory includedNo
  • Inventory value estimated$30,000
  • Space is leasedYes
  • Present useBicycle Shop
  • Equipment includedAll existing Equipment included
  • Equipment value estimated$5,000

Location

  • CountyLitchfield
  • LocationDowntown
  • StateCT
  • Zip06776

Property

  • Parking Spaces8
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business nameBicycle Shop For Sale
  • Business licencesNone
  • Employees number of1
  • Road Frontage DescriptionState Road
  • SwimmingpoolNo
  • Land included w businessBusiness Only (No Real Estate)
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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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