Giant Motorsports Relocates Chicago Cycles
Giant Motorsports, Inc. has moved Chicago Cycles to a new 95,000 sq. ft. superstore, located at 3450 Touhy Avenue in Chicago, approximately 1.5 miles from the major north/south interstate I-94.
“We have completed the move into our new state-of-the-art Chicago location and are now fully operational,” said Giant Motorsports President Greg Haehn. “With over 800 new and used bikes on the floor, our customers now have an inventory selection that rivals a major motorcycle show.”
Giant Motorsports has two wholly-owned subsidiaries: W.W. Cycles, doing business as Andrews Cycles in Salem, Ohio, and Chicago Cycle, Inc., doing business as Chicago Cycles.
Giant Motorsports believes that its “big-box” business strategy, now fully implemented in the Chicago Cycle superstore, has made the company one of the nation’s leading sellers of powersports products, including motorcycles, scooters and all terrain vehicles.
Haehn says the company is attempting to leverage revenue and earnings growth through accretive acquisitions in new regions, through internal growth, and through utilization of rollup and consolidation strategies.
Giant Motorsport revenue for the year ended December 31, 2004, was $79.9 million, up $33.9 million from revenue of $46 million in 2003. Earnings before interest, taxes, depreciation and amortization (EBITDA) was $2.37 million for the year ended 2004, up 153% from $934,000 in 2003.
