Bicycle Shops for sale in Margate

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Established Bicycle Shop & Repair Workshop, Situated On A Busy Main Road, In The Heart Of Margate In Kent, With No Competition Around

Margate, Kent, England

  • Leasehold Price: £15,000 +sav
  • Annual Turnover: £70,000
Seller Reference: MI232174
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Business Description
 
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Seller Reference: MI232174
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Business Description
An Established Bicycle Shop & Repair Workshop, Situated On A Busy Main Road, In The Heart Of Margate In Kent, With No Competition Around

This is an amazing opportunity to acquire an established cycle business in the heart of Margate situated on a busy main road, with no competition around. It is an ideal offer for a buyer who already has knowledge in this industry, or for one who simply is a bike enthusiast who wants to invest and take advantage of the current cycling trend, which is experiencing an unprecedented boom.

The business has grown continuously over the past few years and yet there is so much more potential to grow the business much further, and is only being sold due to our impending retirement. With a good plan, the buyer can consider adding the following lines, as they all currently have great demand:

- Refurbished bikes;
- E-bikes, E-scooters and Mobility trikes;
- Bicycle rentals during the Summer season.

Also the business has following potentials:

- If you are already an Ebay seller, You will have the online selling advantage as well as the local retail customer base which is the 2 in 1 approach to succeed in business.

The shop with its own unique design and set up comes with all fittings, CCTV system, inventoried stock list and a well-equipped repair workshop, with high-end branded tools.

We understand that there is an open 5-year renewable lease, readily assignable to a new tenant, with a current annual rent of £11,000. The business rates, after small business relief, are currently £nil.

As well as the main shop floor, with well-designed sections/Areas such as: front showroom, bicycle workshop repair, office equipment area, on-line sales packing area and storage area, offering the potential for both on-line and retail selling; it also has a small basement for extra storage. To the rear of the shop, there is vehicle access for loading/unloading and a vehicle parking bay.

This is an ideal opportunity for a buyer, who already has knowledge of this industry or for one who is simply a bike enthusiast, who wants to invest and take advantage of the current cycling trend, which is experiencing an unprecedented boom, based in the Kent seaside town of Margate. The vendor is happy to support the new owner by agreement.

Offers in the region of £15,000 + stock at valuation for the Lease, Business Goodwill, Workshop Equipment, Fixtures & Fittings (All included @£7,000). Can arrange settlement by 50% Deposit and balance spread over 2 years period.

VIEWING - Appointments to view this business must be made through Management Inspirations Limited by contacting this office. Under no circumstances approach the vendor(s), or their staff directly. Contact Management Inspirations Limited for Full Details.
Tenure:
Leasehold
Location Details:
Situated On A Busy Main Road, In The Heart Of Margate In Kent, With No Competition Around
Leasehold Term:
We understand that there is an open 5-year renewable lease, readily assignable to a new tenant, with a current annual rent of £11,000
Listed by:
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