Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well established and high profile business, situated in West Midlands, which is hugely respected with industry!
The business has been trading for over 70 years and has only been made available for sale due to the pending retirement of our client.
The business supplies cycles to a broad spectrum of customers and could be classed as an 'all round family' business, with cycles generally being up to approximately the £1.000 mark.
Main suppliers stocked are Raleigh, Diamondback, Claud Butler, Pro and GT.
The business thrives on its highly regarded reputation for attentive and experienced services, for both new cycles as well as a thriving repair department, which often picks up service agreements for companies and organisations, as well as a discerning public.
We strongly urge any seriously interested party to view this business at the very earliest opportunity, as our client is seriously looking to retire at the very earliest opportunity now!!
Established in 1942, with original family connection.
Sales of over £250,000 per annum, with adjusted net profit of over £35,000.
Huge scope for improvement by way of Internet sales as well as due to current owners being well past retirement age.
Excellent main road trading position.
Excellent handover and training provided.
Genuine retirement sale.
Situated in an excellent position on one of the main arterial routes into the City Centre.
Leasehold – we understand that a fully renewable 10-year lease, which commenced in 2009, is in place for any purchaser at a rental of £13,750, per annum, and is subject to 5-year reviews.