Good Weather Bicycle & Repair · Capitol Hill, Seattle
A neighborhood bike shop with a real brand, a loyal base, and clean books. Here is the financial picture for anyone serious about carrying it forward.
Draft summary for serious inquiries · June 2026 · figures are a good-faith representation, not yet CPA-reviewedThe short version
About these numbers
The shop is winding down its inventory right now, selling stock without restocking. That makes the most recent months look more profitable than the business actually runs, because the cost of goods temporarily falls away. We have normalized that here using the shop's real 35% margin, so what you are reading is the honest shape of the business, not a flattering snapshot.
FY2025 is a full, normal year. The 2026 column is a partial, lean wind-down period with its cost of goods normalized. On paper, reported 2026 looked like a 61% net margin; that is the liquidation talking, not the shop. Ask us and we will walk you through the underlying detail line by line.
Profit & loss
| Bike shop only | FY2025 (full year) | 2026 Jan–May (normalized) |
|---|---|---|
| Revenue | $837,671 | $376,099 |
| Cost of goods sold | ($542,393) | ($240,666) |
| Gross profit | $295,278 | $135,433 |
| Gross margin | 35.2% | 36.0% |
| Operating expenses | ($253,557) | ($46,746) |
| Net income | $41,722 | $88,687 |
| Net margin | 5.0% | 23.6% |
FY2025 is the accountant's full-year figure, with costs allocated before the bike shop and cafe split in October 2025. The 2026 period runs lean on staffing and rent because the shop is in wind-down, so it is context, not a run-rate.
Going forward
FY2025 carried rent for spaces a buyer will not take, the Poplar storage and a shared Chophouse slot. On the Underground lease alone, about $5,000 a month, the cost base is lighter. Strip the one-time build-out, and normalize rent to what a new owner actually pays, and the same shop's earnings roughly double.
Illustrative, holding everything else at FY2025. Jason's wage stays in as a real cost, because the work is real and a new owner has to cover it. We are not adding it back to dress up the number. If you plan to turn the wrenches yourself, there is room above this line.
The deal
Lease & timeline
The shop sits at 1423 10th Ave, the Underground, on a lease with Anne Crippen Michelson at about $5,000 a month, running through August 31, 2026. Anne has said she is open to signing a new lease directly with whoever steps in, so the handoff is straightforward.
The ideal window for a handoff is late August or early September 2026, lining up with the lease and our wind-down. We can flex for the right person.
Who this is for
This is the bones of a good shop and a strong brand, ready to take in the direction you want. Keep the name or make it your own. We will share what we have learned, make the introductions, and help with the handoff.
If that is you, email hello@goodweatherinseattle.com and we will set up a conversation. Please do not drop by the shop to ask. Our team is focused on taking care of customers through the summer.
Rain or shine, Brandon & Jason