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An Interesting Retirement Strategy

The Bike Shop of Temecula held a ribbon cutting event amongst balloons, city, county, state, national and business representatives, family and friends…more than forty of them. Why would a business that has been around for seven years hold a ribbon cutting? The new owners, Ric and Anne Van Der Linden, wanted people to come to help them celebrate their new retirement strategy.

Although many have asked, owning a bike shop has not been their lifelong dream. Ric and Anne have been cycling together for almost thirty years. They even bicycled across the United States on their tandem from Oceanside, Ca. to Yorktown, Va. two years ago to celebrate their twenty-fifth wedding anniversary. They are also the owners of a successful consulting business, Progressive Edge, Inc., helping businesses run better.

While looking for other ways to invest for retirement besides the stock market, they learned about the sale of The Bike Shop. Rick Wessels and his son, Rich, started The Bike Shop from nothing seven years ago. They built up not only a strong business, but also contributed to the community of Temecula by supporting local high school racing teams, donating bikes to the City of Temecula for their employees to use, and advocating at the city level for bike lanes and trails.

Buying The Bike Shop is a unique opportunity for the Van Der Lindens. Keeping The Bike Shop open would combine their love for cycling, their business experience, and their community service mindset and it will help them retire someday.