The ride is over: Austin bike shop bought out

Bicycle Sport Shop and its five Austin-area locations are hitting the brakes, announcing that its 35-year ride is coming to an end and owners Laura and Hill Agnew have sold the chain.

In a social media post on Thursday, the built-and-raised Austin icon announced that it had been sold to Trek Bikes. The owners said they sold the shop because they consider Trek Bike to have similar values as them, ever since their partnership began in 1988.

"We are confident Trek will take what we've created and continue to build upon it—serving and supporting our community in even bigger and better ways while remaining dedicated to our core values of treating people like family and delivering outstanding hospitality," the statement reads.

The pair originally bought the shop in 1985—it was one of the only shops in Texas that sold mountain bikes. Though the couple didn't have a lot of business experience, they had plenty of love for the sport.

Since then, the bike shop has been working toward the goal of getting more people on two wheels. Although the shop isn't going anywhere, fans are still sad to see the shift.