Get a cheap bike or buy the whole place: One of Colfax’s oldest shops is for sale

Two Wheel Feel, which occupies the former storefront of Collins’ Bicycles, will close down if someone doesn’t buy it. Asking price: $40,000.

(Kevin J. Beaty/Denverite)

staff photo

Two Wheel Feel, which occupies the former storefront of Collins’ Bicycles, will close down if someone doesn’t buy it. Asking price: $40,000.

Collins was one of the longest-running businesses on East Colfax, founded in 1934 and lasting three generations, as Bree Davies reported for Westword in 2015.

Scott and Malissa Spero took possession of the shop at 3217 East Colfax from Tito Collins in June 2015 and renamed it. The Speros also own the coffeeshop Hooked on Colfax, 3212 E. Colfax. Earlier this year, a Craigslist post listed the bike shop for sale.

On Oct. 20, the owners said on Facebook that negotiations with a prospective buyer had fallen through, but they still wanted a buyer.

“We really don’t want to see this place turned into another bar. So, we will add: we are open to some negotiations to a reasonable extent or possible financing where you pay us over time instead of getting a bank loan,” they wrote on Facebook.

The $40,000 price doesn’t include the store’s inventory and obviously doesn’t include the property itself. Buying the shop would let the new owners skip “the hassle of finding and building out a space, dealing with contractors that always go over budget and dealing with the city for permits,” the business declared in a for-sale listing on Craigslist, which has since been removed.

Two Wheel Feel will have a going-out-of-business sale starting Saturday, with bikes listed at wholesale prices. The owners didn’t reply to earlier calls for comment.

Hi! You’re like us!

Looks like you’re the type of person who reads to the ends of articles! Well, true believer, you might really like our morning newsletter. It’s quick, free and gets you up to speed on the important and delightful things happening right here in Denver.

Thanks for reading another Denverite story

Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

You’re our superpower

Denverite supporters have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

You’re our superpower

Denverite members have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.