Central Business Sales is delighted to offer to the market a rare opportunity to purchase G W Smith - a cycle sales, repairs and service business, trading from the same location to the east of Falkirk's High Street for around 50 years. Originally established in 1897, the business has been selling bikes to customers from all over the country and has built up an excellent reputation as it offers a very high level of customer service and expert, tailored advice. The owner is reluctantly placing the business on the market as he now wishes to retire and has indicated that he is happy to stay on at the business for an agreed period to ensure a smooth handover.
The business offers a full range of cycles for sale, from first bikes for those just starting out to specialist road bikes. Kids, ladies and gents are all well catered for, with reputable brands such as Raleigh, Trek and Specialized currently stocked. The shop also offers parts, accessories, servicing and repairs, with a strong aftercare service. It benefits from a high level of repeat business, from individuals to cycle clubs, and is a key partner for the government's 'Bike to Work' scheme.
The large premises are approximately 360m² (3875 sq ft) and all showroom space is well presented throughout. The main serving and reception area is located on the ground floor, with accessory displays. There are 3 separate bike showrooms located within the premises as well as a large stockroom and a workshop. To the side of the premises, there is a private parking space, which is included within the terms of the lease. An attractive, fully functional website forms part of the sale (www.gwsmith.co.uk).
The business is being offered on a leasehold basis, with a brand new negotiable lease available. The rent will be tiered over 5 years starting at £15,000. The shop is run by the owner and 2 full time employees. Opening hours are 10:00-17:00 Monday, Tuesday, Thursday, Friday and Saturday; 10:00-14:00 on Wednesdays.
Offers in the region of £55,000 are invited, plus stock at valuation.
***PLEASE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES - DO NOT MAKE A DIRECT APPROACH TO THE OWNER OF THE BUSINESS - 08454 745 145 or firstname.lastname@example.org***
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