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$359,900 Just Listed
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Property Description
Multi-location bicycle retail and rental business. "‹For 37 years, our brand has been a trusted fixture in the community. Over nearly four decades, it has evolved from a traditional local bike shop into a synergistic 3-store regional network backed by a high-margin, app-driven rental operation that generates predictable annual revenues. "‹What Makes This Opportunity Unique: "‹Established 3-Store Footprint: Acquiring this business provides instant market presence across three distinct retail locations. Each store is equipped with complete repair tooling, fixtures, point-of-sale systems, and established commercial leases. "‹Turnkey Staff & Operations: With $130,000 in existing annual employee payroll, the daily operations are powered by a trained, dedicated staff of mechanics, retail associates, and rental coordinators. You are acquiring an operational framework-not just a job. "‹High-Margin Automated Rental Business: Generating $150,000 annually, our rental division operates on a modern, reservation app platform that simplifies booking, customer check-in, and inventory tracking with minimal labor overhead. "‹Strong Margins & Cash Flow: Maintaining an overall 50% gross margin, the business delivers strong, defensible earnings with clear W-2 officer salary and S-Corp distribution histories. "‹Growth Capital : Negotiable inventory of approximately $200,000 in total clean retail stock and active, cycle-ready rental fleet inventory. "‹We are seeking a qualified buyer who will continue our 37-year legacy of quality service while taking advantage of the expansion potential across our three stores and growing rental business. 3-Store Bicycle Retail & Rental Enterprise
Full Property Details
Full Property Details for MLS# DESU2118548
General
- Price: $359,900
- Status: Active
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2118548
- Updated: Today (8/20/2026)
- Added to Site: Today
Business
- Name: The FENWICK ISLANDER BICYCLE SHOP, OCEAN CYCLES AND FARM CYCLES
- Business Type: Other/General Retail
- Year Established: 1990
Interior
- Flooring: Fully Carpeted, Tile/Brick
Additional Information
- Equipment: Negotiable, See Remarks, Some
Parking
- Total Spaces: 12
- Parking Type: Parking Lot
Location
- Area: Baltimore Hundred (31001)
- County: SUSSEX
- Driving Directions: AGENT WILL ACCOMPANY
- Location Details: Downtown
School Information
- School District: Indian River
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV, Multiple Phone Lines
Structural Information
- Construction: Stick Built, Other
- Building Size: 1000
- Current Bldg. Use: Retail
- Year Built: 2010
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Zoning: COMMERCIAL
Water Features
- Water Front Type: Ocean
Financial Considerations
- Price Per Sq. Ft.: $359.9
- For Lease: Yes
- Owner Pays: Other
Disclosures and Reports
- Ownership: Leasehold
- Exclusions: INVENTORY
- Inclusions: LIST OF INCLUSIONS ARE LISTED SEPARATELY. OWNER CONSULTING ASSISTANCE FOR 4 MONTHS
- Investment: Yes
Listed by Sea Grace @ North Beach Realtors, Jana Newton
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Price & Sales History for MLS# DESU2118548
Date
Details
Price
Change
Source
8/20/2026
Listed
$359,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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MLS# DESU2118548, Bethany Beach, DE 19930 (MLS# DESU2118548) is a Business property. MLS# DESU2118548 is currently listed for $359,900 and was received on August 20, 2026. Want to learn more about MLS# DESU2118548? Do you have questions about finding other Business real estate for sale in Bethany Beach? You can browse all Bethany Beach real estate or contact a Coldwell Banker agent to request more information.

