What is Wheel & Sprocket?
Founded in 1973, Wheel & Sprocket has evolved from a single store in Hales Corners, Wisconsin, into a prominent cycling retailer with seven locations across Wisconsin and Illinois. Recognized multiple times as one of the nation's top independent bicycle retailers, including 'Retailer of the Year' awards, the family-owned business employs over 200 passionate individuals. Wheel & Sprocket is deeply committed to community engagement, supporting over seventy annual events and rides, reinforcing its role as a central figure in the cycling community.
How much funding has Wheel & Sprocket raised?
Wheel & Sprocket has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Wheel & Sprocket?
The substantial capital infusion, indicated by the large-scale late-stage funding context, positions Wheel & Sprocket for significant strategic initiatives. This could involve expanding its retail footprint, enhancing its e-commerce capabilities, investing in supply chain optimization, or developing new community-focused programs. The company's history of consistent growth and industry recognition suggests a forward-looking strategy aimed at solidifying its market leadership and further engaging its customer base.
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