The business is located on an A-road, just off a main arterial road, giving excellent access to both North Wales and Cheshire.
A cycle shop has operated from these premises for almost 25 years, and this has been in the careful hands of the current owner for over 3 years. The owner has continually sought to enhance and improve the business, which is only now available for sale due to other commitments. The shop is highly respected in the area and further afield, and has achieved an enviable reputation and a sizeable loyal customer base, which provides much repeat trade and word of mouth recommendations.
The business is currently unopposed and the only cycle sales and repairs shop in the area.
The shop stocks a wide range of specialist equipment including road bikes, mountain bikes and cross country bikes, along with a wide range of accessories such as cycling clothing, bike parts and spares, helmets and lighting. There is also an exclusive range of well-known, high profile brand names.
The business also incorporates a servicing and repairs workshop, with all types of bicycles catered for. The workshop is extremely popular and provides 50% of the turnover.
The business trades from a ground floor lock up retail unit, with sizeable, full height windows providing ample space for extensive displays.
The main entrance leads into an open plan retail sales area, which accommodates various product display stands including a new bike display system. There is a wide sales counter with electronic cash register and card machine.
There is also a separate children’s bike display and sales room.
The workshop is located to the rear of the shop and is equipped with ample workspace and bike stands. There is an array of specialist tooling and equipment.
Also on the premises is an office, kitchenette, ladies and gents WC’s and generous bicycle storage, suitable for 80+ bikes.
The shop has a modern finish, which is complemented by LED lighting throughout and tiled flooring.
The business is currently run at a pace to suit and has shop management in place. This offers infinite scope to develop the business and a more ‘hands-on’ owner would be able to increase profits. The shop would make an ideal purchase for an owner operator looking to enter the trade or expand their current portfolio.
No advertising is undertaken at present and a regular and widespread marketing campaign would boost awareness.
There is a professional website in place with on-line sales facility, and a social media presence, which is regularly updates and which provides good marketing opportunities.
Leasehold business for sale - £35,000
New lease to be assigned
Monthly lease rent - £650.00
Annual turnover - £170,000; GP 30%
This is an excellent opportunity to acquire a thriving and well established cycle shop, which has good future potential. Prompt viewing to fully appreciate the business and confidential discussions with Aspire must come strongly recommended.
New lease to be assigned Monthly lease rent - £650.00
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