Profitable Bike Shop with Long Trading History

Price:

Leasehold - £49,500

Turnover:

Seller Ref:

BS618A

Location:

Somerset , Radstock

Business Type:

Retail businesses

See Other:

Cycle shops for sale in Somerset
Retail businesses for sale in Somerset

Description:

THE BUSINESS:

This is an ideal opportunity to purchase a very unique family run business with a long and profitable trading history providing all the equipment, accessories, spares and clothing, to anyone with an interest in cycling. There is also a busy workshop which carries out repairs and upgrades to all makes of bike.
By carefully selecting the brands of bike this shop provides it has established a great name for only selling quality bikes and equipment which is backed by many years of experience. Customers travel great distance to use the shop for all their cycling needs.

The business was established in 1991 by the current owners you work as a husband and wife team to run this profitable business. Over the years they have built up a substantial trade with many customers having been with them from the start.
Because of the unique items the shop provides it has a regular customer base who returns regularly to obtain all the equipment they need to maintain their interest in cycling.

The business has its own website which creates extra interest from customers looking for the quality products related to their specialist interest.
The website offers a big opportunity for expansion of the business providing more of the specialist lines stocked to be purchased online.

Many styles of clothes, headwear and ancillary items are stocked making a visit to the shop a one stop shop for anyone looking for specialist goods to get fully kitted out and ready for the road.

The business holds a large stock of new bikes on display giving prospective purchasers no need to search elsewhere for the bike to suit them. With expert advice they can be fitted to the correct bike and by holding a large stock of new bikes can quite quickly take away their new purchase with minimum delay.

Location Details:

This well run and profitable shop is located on the main road through the town on a busy junction in the centre of Radstock. Within less than 100 metres of the shop there is ample free parking in a main car park.

Lease Terms:

Rent of £8501 pa. The lease expires July 2011 but the owners have stated the owner has indicated no issues in granting a new lease to new owners.

Trading Hours:

Mon-Tue-Thurs-Fri 9:00am – 5:30pm Wed- 9:00am – 13:00pm Sat - 09:00am – 05:00pm