A local accountant has bought an office of her own where she’ll look to pedal health foods along with her number crunching services.
Louise Reed this month set up shop at 4917 Grove Ave. in a 6,500-square-foot building that’s now home to her growing accounting practice and The Bicycle Stop, her new venture that will sell foods made without refined sugar, among other items.
Reed purchased the property in October for $610,000 from Harrow Kind Holdings LLC, according to a city record. It was most recently assessed at $545,000 and had been used by catering company Spoonfed, which left in June, Reed said.
Reed said she bought the property because she likes the area where Grove Avenue intersects with Lexington Road, less than a mile from the intersection with Libbie Avenue.
“I increasingly saw the value in the quaint little area of Grove Avenue where it meets Albemarle Avenue and Lexington Road,” she said, adding it made sense for her to buy an office. “There is a tax incentive for a business to own its own real estate.”
The expansion allowed Reed, a Goochland native, room for her accounting practice that specializes in taxes for entrepreneurs with companies making less than $5 million in revenue. Reed had previously operated out of a subleased office at 500 Libbie Ave.
The Bicycle Stop opened July 20 with limited inventory and displays and will eventually be fully stocked different kinds of bottled water, re-fillable glass water bottles, local honey and smoothie ingredients. Reed said a grand opening is planned for Aug. 26.
She said no major renovations are planned for the building. She said the building has a refrigerator and a kitchen that may allow her to eventually offer prepared salads, soups and kale chips.
The Bicycle Stop’s was inspired by the City of Richmond’s bike plan, which Reed said calls for a buffered bike zone along Grove Avenue, and the fact that the shop is near an old street car stop.
Reed said she got the idea for The Bicycle Stop because she’s struggled to find similar options on the market.
“The more I try to eat well, the more I find myself isolated at home,” Reed said. “This is my way of un-isolating myself and others.”
A local accountant has bought an office of her own where she’ll look to pedal health foods along with her number crunching services.
Louise Reed this month set up shop at 4917 Grove Ave. in a 6,500-square-foot building that’s now home to her growing accounting practice and The Bicycle Stop, her new venture that will sell foods made without refined sugar, among other items.
Reed purchased the property in October for $610,000 from Harrow Kind Holdings LLC, according to a city record. It was most recently assessed at $545,000 and had been used by catering company Spoonfed, which left in June, Reed said.
Reed said she bought the property because she likes the area where Grove Avenue intersects with Lexington Road, less than a mile from the intersection with Libbie Avenue.
“I increasingly saw the value in the quaint little area of Grove Avenue where it meets Albemarle Avenue and Lexington Road,” she said, adding it made sense for her to buy an office. “There is a tax incentive for a business to own its own real estate.”
The expansion allowed Reed, a Goochland native, room for her accounting practice that specializes in taxes for entrepreneurs with companies making less than $5 million in revenue. Reed had previously operated out of a subleased office at 500 Libbie Ave.
The Bicycle Stop opened July 20 with limited inventory and displays and will eventually be fully stocked different kinds of bottled water, re-fillable glass water bottles, local honey and smoothie ingredients. Reed said a grand opening is planned for Aug. 26.
She said no major renovations are planned for the building. She said the building has a refrigerator and a kitchen that may allow her to eventually offer prepared salads, soups and kale chips.
The Bicycle Stop’s was inspired by the City of Richmond’s bike plan, which Reed said calls for a buffered bike zone along Grove Avenue, and the fact that the shop is near an old street car stop.
Reed said she got the idea for The Bicycle Stop because she’s struggled to find similar options on the market.
“The more I try to eat well, the more I find myself isolated at home,” Reed said. “This is my way of un-isolating myself and others.”