Turin Bicycles closing after 51 years

Turin Bicycles in Denver closing down

Alan Fine, left, opened Turin Bicycles in 1971. He had planned to sell the business to longtime employees Dave Wileden, center, and Mike Stejskal but the three posted an announcement Saturday saying goodbye — at least for now. (BusinessDen file)

Denver’s oldest bike shop, which has operated for 51 years, is riding off into the sunset.

Turin Bicycles, at 700 Lincoln St. in Cap Hill, will shutter next month, according to an announcement posted to its website and social media pages.

“We look forward to seeing you at the shop and saying goodbye in person over the coming weeks,” the business said.

Alan Fine founded Turin in 1971, and moved it to its existing location in 1991, having bought the single-story building the previous year. In January 2020, Fine sold the business’ real estate to Denver-based St. Charles Town Co.

At the time, Fine told BusinessDen that he expected to sell the business itself to two longtime managers, Mike Stejskal and Dave Wileden, that spring. Fine said he sold the real estate separately from the business because Stejskal and Wileden didn’t have the resources to buy both.

Turin Bikes outside scaled

Turin Bicycles, founded in 1971, has been at 700 Lincoln St. in Cap Hill since 1991. (Thomas Gounley photo)

The bike shop signed a two-year lease with St. Charles Town Co. President Charlie Woolley, which the parties said could potentially be extended. And Stejskal and Wileden spoke hopefully of the future at the time.

Turin was closed on Monday. Attempts to reach Fine, Stejskal or Wileden for comment were unsuccessful. Woolley also did not respond to a request for comment.

The store closing announcement, which was posted Saturday and signed by all three men, indicated that Fine had not fully stepped away from the business, and that Stejskal and Wileden could resuscitate Turin down the line.

“Alan has looked forward to retirement for some time now and the pressure of development is closing in so after 50 years of serving Denver it is time to say goodbye, at least for now,” the post read. “Mike and Dave, two long-time employees, are working to re-home the business and hope to return next year in a new location.”

A store liquidation sale is set to begin Tuesday.

Turin Bicycles in Denver closing down

Turin Bicycles in Denver closing down

Alan Fine, left, opened Turin Bicycles in 1971. He had planned to sell the business to longtime employees Dave Wileden, center, and Mike Stejskal but the three posted an announcement Saturday saying goodbye — at least for now. (BusinessDen file)

The owner of Turin Bicycles sold its Cap Hill real estate two years ago and he had planned to sell the business to two of his managers.

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more information, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.




Return to Homepage

109116