We have new owners
Moruya Bicycles is a long-established and well presented bicycle store with a dependable combination of a busy workshop, over-the-counter sales and growing online sales. We attract walk-in customers from throughout South East NSW and enjoy strong local support from a growing cycling community in the Eurobodalla Shire.
Our website has enabled us to carve a strong niche as a supplier of small or less common spares and accessories to a large national (and increasingly international) customer base, decreasing the constraints of the small town location and giving the business a strong and dependable cash flow.
Our operating systems include computerised point-of-sale, highly developed assembly check-lists, workshop booking and service sheets and a web based policy and procedures manual. As well as helping the shop to run efficiently in general, these systems ease the addition of new staff to the business.
The shop operates from recently built premises that provide a pleasant, as well as efficient, working environment. The building is two-storey, with main display area, workshop, kitchen/repair storage and shower/toilet downstairs, plus more display area, storeroom and office upstairs. A goods hoist is situated near the rear door (delivery door) behind the workshop, and lifts up into the storeroom upstairs. The rebuild was done in 2008 to enable the business to fit into the one location; before that we rented off-site storage space and moved the repairs outside (off our premises) each day. The new building is 2.5 times its original size, and will allow for a good deal of future growth. While the shop generally has between two to four staff working at any one time, a team of six staff could easily work without getting in each other's way.
The selling price of the business (without stock) is $149,000, made up of the goodwill component at $124,000 plus equipment and fittings at $25,000. Stock should be around $140,000, making the total price about $285,000. The stock could be substantially less at time of sale but our comfortable and fairly undisciplined inventory level usually sits around $140,000 to $155,000.
The shop is run by the owners Mark and Dana, with help from two part-time employees and one casual employee. The shop is open five and a half days per week. The part-time employees are currently working a 26 hour week and a 20.5 hour week; the casual employee works for 3 hours on Saturdays. Mark and Dana have rarely worked on Saturdays for the past 10 or more years, and are currently working around 4 days per week each.
We intend renting the premises for $700 per week ($36,400/year). Although we intend to continue our ownership of the premises, if a buyer prefers to buy the premises as well as the business then we will be open to negotiation.
After 22 years owning and operating Moruya Bicycles, we (Mark and Dana) are ready to move on and have more time to pursue other interests. We believe the shop will be best steered through its next stages of growth with the new management and marketing skills and renewed enthusiasm that new owners are likely to bring.
Browse through the pictures below for a quick tour of the shop.