From BizWest
BOULDER — The new year has brought new ownership for Full Cycle Bikes, which has stores on University Hill and in downtown Boulder.
Russ Chandler, along with business partners Ed Kuh and Adam Brodnicki, bought the stores at 1211 13th St. and 1795 Pearl St. from Kaj and Karli Gronholm, who had owned it for 10 years. The sale was effective Jan. 1, and Chandler would not reveal the purchase price.
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The Gronholms purchased the 2,500-square-foot store on the Hill in 2005 from Tom Morris, who had opened it in 1982. They added the 6,000-square-foot downtown store, then opened a third shop near College Avenue and Olive Street in downtown Fort Collins in 2006 and brought in Kaj Gronholm’s sister and brother-in-law, Tanja and Scott Wiant, as co-owners in 2008. They moved the Fort Collins store to 2101 S. College Ave. in 2010, but closed it in 2014. That store is now Peloton Cycles, which also has a location at 3027 E. Harmony Road.
Chandler, a former tech industry CEO who launched the Bike Life Cities program through Catalyst Communications, also founded Boulder-based nonprofit Cyclists for Community and met the Gronholms through that group.
“Kaj wanted to go back into the software business, so it was time to sell,” said Chandler, who added that Karli Gronholm will continue to run the stores’ Venus de Miles women’s cycling club.
“The club has a couple thousand women, including some 400 regular paying members,” Chandler said. “They go on weekly rides at various levels. The club is open to all women of all ages, sizes and speeds.
“We’re also the focal point of the Boulder Area Ride Club,” he said. “It’s a meetup group right now, but we’re looking to expand that into more of a full-fledged club as well.”
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