Ignore the sign on the front of Summit Bicycles in Burlingame, said an executive who is putting the brakes on the gossip and steadfastly maintaining that the recreational outlet is keeping its longtime presence on the northern Peninsula.

An Available sale is hung on the building at 1031 California Drive, but Summit Bicycles CEO Ian Christie said the company holds multiple lease options spanning through the next decade and has no intentions of riding off into the sunset.

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