Over The Edge Sports Melrose(OTE), Southern Flinders Ranges is a family-run business built on trust, passion and a love for cycling and food; It evolved following a SATC tourism venture to the USA to explore new ideas for the SA tourism market. It was established with support from the founder of OTE USA, currently with 3 shops in the USA and OTE Melrose Australia.
The region of Melrose is experiencing rapid growth with an epic new 42km trail opening next year, and an anticipated increase in tourists to the area.
This is a once-in-a-lifetime opportunity to buy a well-established business and rare freehold space in a mountain bike destination that is promoted by the SA Tourism Commission as an interstate and international tourism destination for outdoor activities.
OTE has created a look and feel that makes everyone feel welcome when they enter, having utilised the heritage of the building creating a warm friendly environment with their core business featuring an extensive range of current trends in mountain bikes and accessories. With their primary focus equipping cyclists with ready-to-ride products to tackle the local mountain and bike tracks around Melrose, located on private property and National Parks.
Target customers are primarily from the mountain biking discipline, however, there is a growing market for road & gravel bike enthusiasts. The bike hire market sits with those interested in the discipline, however, having not made a bike purchase. Hiring bikes with a tour enables the cost of that hire to be reduced from the overall price, encouraging the customer to purchase after hiring. With the increase of interest in the E-Bike range, the introduction of Tourism Adventure products will create potential market conditions for customers to consider a bike purchase.
The Vendors will offer extensive handover assistance to ensure the continuance of the business that has been created and operated by them since March 2008.
This is a unique offering for a sports-minded person, couple or partnership to purchase one of SA’s leaders in the cycling industry. The region is steeped with history and is the focus destination for the mountain bike enthusiast with the town based at the bottom of Mt Remarkable, with easy riding distances to many other areas and rail trails.
Asking Price: Goodwill, Plant and Equipment $349,000 plus Stock approx $365,000 Freehold Land & Improvements $440,000