New Zealand is in the grip of a cycling revolution that was initially triggered by the Covid-19 lockdowns but has proven to be a sustained trend. Now around 30% of people in NZ ride bikes. If you’re a passionate cyclist looking for a new business opportunity, here is your chance to own your own cycling business. The popular My Ride Westgate is being brought to the market by ABC Business Sales’ Richard Stevens.
My Ride Westgate is a member of the My Ride Group, the largest national network of independently owned, specialist cycling stores in New Zealand. It has made its reputation providing riders of all ages and skills with the best well-known and trusted bike brands, the best customised service, and the best experience and advice available. The My Ride brand is a group of some 20+ stores across the country which provides website, branding, marketing, systems, and customer service support for its member stores.
“Here’s the chance for a keen cyclist or mountain biker to turn the sport they love into their own successful business,” says Richard Stevens from ABC Business Sales
My Ride Westgate is in the very heart of Auckland’s fastest-growing urban area - West Auckland (grew 21.0% between 2013 and 2015. It has enjoyed significant growth through the post-COVID period and continues to deliver strong revenue in its three key activities – bike sales, servicing, and sales of clothing and accessories. A strong lease in a shared retail location adjacent to a popular café encourages foot traffic and browsing of the My Ride store by the customers of all the adjacent retail operations. A tight-knit young team of experienced, talented, and passionate staff runs the retail desk, service workshop, and day-to-day operations.
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The My Ride group has a competitive share of the NZ retail cycling sale and service market. Having been established in the current location for over 5 years, the My Ride brand has a strong identity amongst their local cycling fraternity. It has sold a significant number of bikes that are now being serviced at the store, as well as delivering add-on sales of merchandise and accessories.
“Cycling is booming especially in Auckland, where commuters, e-bikes, and mountain biking are all also booming which means there is real growth potential for this business,” says ABC’s Richard Stevens.
