FT. COLLINS, Colo. (BRAIN) — Big Shot Bikes, primarily an online seller of custom-colored fixed gear and single-speed bikes, is looking for a buyer.
Matt Peterson founded the company nine years ago, using his background in software engineering and product sourcing to offer bikes that can ordered with the buyer’s choice of frame, component and wheel colors. The brand later branched out to offer cruiser bikes and sales through bike shops, using a proprietary kiosk that lets dealers offer custom bikes on the sales floor. The company has also offered custom branded bikes for corporations.
Peterson said Big Shot is debt free and profitable, with average annual revenues of over $600,000 for the last three years. It has sold a total of 20,000 bikes in its history and its highest grossing year was $1.8 million. Peterson is the sole owner and has been able to build Big Shot without bringing on investors or partners. He said the company will continue if he doesn’t find a buyer, but he’d prefer to move on to new challenges.
“I have other opportunities to launch more software-related ventures … I think I’ve built the business as much as I can on my own …read more