Cycle Shops for sale

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £75,000 Price Reduced Annual Turnover: £800,000 Annual Gross Profit: £313,000
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Business Description
Established in 2009, this business is now a thriving bicycle shop and on-line retail store in one of Kent’s largest well-known towns. The business is a UK dealer for all the top leading cycle brands and has gained recognition from the leading manufacturers and signed deals giving exclusivity to the store. This in effect means there is no local competition due to the designated trade area agreement.

Cycles are sold ranging in price from £300-£10,000 each

All associated equipment is on sale including clothing, wheels, helmets and accessories. Enjoying exclusivity in the town for certain brands, this business also provides servicing and repair work. The shop also offers Bike Fitting, which with systematic customisation of the bike ensures that the bike and rider are in perfect harmony. There are 3 trained bike fitters on site.

The cornerstone to the success of this business is the very high levels of personal service expected of a small independent retailer. Such is the expertise available that anyone purchasing a new cycle from this business is sure to leave with the correct one in terms of type and size and fit for purpose.

The store has been in situ for twenty years and has c4,000 customers on the data including private and corporate clients.

The business owns the Brand name, which is already well known and recognisable with and excellent reputation.
Trading Hours:
Monday – Saturday: 8.30am – 6.00 pm,
Sunday: 10am – 4.00 pm

Number of Employees: 09

Tenure: Leasehold

The business has a professional e-commerce website that has on line brochures and also with excellent rankings on the search engines plus advertising on line brochures. The business utilises local media for distributing flyers.

Support & Training:
The owner will provide full familiarisation, training and handover to ensure a smooth transfer of the business to new owners. However the vendor could remain in situ as a partner if possible, so a replacement investor in the business would be considered.

Location Details:
SE England

The property is situated on the high street with plenty of passing footfall and has a large frontage giving room for excellent window displays to showcase the stock. Spread over three floors of circa 6,000 sq. ft. the ground floor comprises of a large showroom of circa 2,000 sq. ft.

The store is secured with an alarm and CCTV.

Leasehold Term:
The business is based in a large well known town in Kent and operates from leasehold premises on a ten year lease. Annual rent is £31,000 with rates of £16,662.

Listed by: Turner Butler
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