$4,132,000

Description

BUSINESS + REAL ESTATE | SARASOTA, FLORIDA. Total Offering Price: $4,132,000 Business Value: $932,000 Real Estate + Business Offered Together. Rare opportunity to acquire Hap’s Cycle Sales, Inc. and the underlying real estate at 2530 17th Street in Sarasota, Florida. This offering combines an established, family-owned powersports dealership with substantial commercial real estate, an established customer base, experienced personnel, and potential for future expansion. Hap’s has been family-owned and operated since 1948, creating an exceptional 78-year operating history and a well-established name in the Sarasota market. ESTABLISHED BUSINESS Hap’s Cycle Sales is a true old-school, customer-focused powersports dealership. Customers come not only to purchase products, but also to visit, talk motorcycles and enjoy the dealership experience. The dealership specializes in powersports products including motorcycles, ATVs, UTVs and scooters. Employees are passionate riders themselves, and ownership remains actively involved in the business. The dealership maintains trained and certified staff representing the brands it sells, while the sales team focuses on helping customers find the right product without high-pressure sales tactics. Customers can communicate directly with their service technicians and see their motorcycles being worked on—an increasingly uncommon level of transparency and customer interaction. Hap’s has developed a strong reputation within the Sarasota community, reflected by an approximately 4.7 out of 5-star Google rating based on nearly 350 reviews. The combination of longevity, customer relationships, experienced employees and owner involvement provides an incoming owner with an established platform rather than starting a new dealership from the ground up. The property provides a substantial commercial operating facility consisting of approximately 28,062 SF under roof, 24,600 SF approximately air-conditioned. Rear building with partial-height masonry walls and insulated metal siding above. Additional potential for future building expansion. The existing improvements provide a large footprint for dealership operations, sales, service, inventory and related uses, while the additional building potential creates an opportunity for future growth. The offering provides the opportunity to acquire three important components in one transaction: 1. Established Business A family-owned Sarasota business operating continuously since 1948. 2. Significant Commercial Real Estate Approximately 28,062 SF under roof with approximately 24,600 SF of air-conditioned space. 3. Future Growth Potential. Additional opportunity to expand the physical improvements and potentially grow the business operation. Total Purchase Price: $4,132,000. The purchase price includes the real estate and Hap’s Cycle Sales, Inc. business. The business component is valued at $932,000. CONFIDENTIALITY Detailed financial, operational and other proprietary business information will be provided only after receipt and acceptance of an acceptable contract and execution of a Non-Disclosure Agreement (NDA). Hap’s Cycle Sales represents a rare opportunity to acquire an established Sarasota powersports business, its operating real estate, decades of customer goodwill and a platform for future growth—all in one acquisition.