PHILADELPHIA, PA (BRAIN) — High-end road and tri retailer Cadence Cycling & Multisport Center will have a grand reopening this Saturday, May 4, under its new ownership.
Last month, Cadence general manager and certified training coach Brady Gibney and shop employees David King and Mark D’Avino purchased the shop in Philadelphia’s Manayunk neighborhood from founder Jay Snider, who now lives in Los Angeles and owns a business outside of the bike industry. The three are now equal partners in Cadence.
“I’ve learned that local ownership is key to meeting the needs of cyclists and triathletes in the Philadelphia community,” said Snider, who founded the shop in 2004. “I know Cadence will thrive under Brady, Dave and Mark, who are passionate about the center and about helping the athletes in the community.”
In preparation for Saturday’s grand opening, the new owners have been working furiously to complete a new 600-square-foot space for displaying bikes on Cadence’s second floor, which used to house executive offices.
Cadence is also broadening its focus beyond the high-dollar tri and road customer, stocking hybrids, fitness and other bikes at lower price points. “We think we can still cater to the high-end customer but also have product for everybody who walks through the door,” Gibney said.
As general manager under owner Snider, Gibney had dabbled in stocking mountain bikes last year, but will now dive more deeply into the category to capture new customers riding the trail system in Philadelphia’s Wissahickon Park, just a mile from the shop.
“We’re seen as a very road- and tri-heavy shop, but I have guys who race [mountain] almost every weekend and they know their stuff,” Gibney said.