Cycle Shops for sale in Sidmouth

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CYCLE SHOP FOR SALE

Sidmouth, Devon, England

  • Leasehold Price: £10,000
  • Annual Turnover: £100,000
Seller Reference: PAX068558970
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Business Description
 
 
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Seller Reference: PAX068558970
Request Details
Business Description
Prominently located leasehold business for sale trading on the ground floor of an attractive listed building extending to about 1000sq ft. The shop has a solid customer base with a high element of repair and service work along with bike and accessory sales. General overheads are low.
As well as several areas for bike sales display and slat walling for accessories there is a fully equipped Park Tool professional workshop, secondary workshop area, storage rooms, office and wc.
The business works closely with one respected bike brand and a significant element of sales is from electric bikes. Road, mountain and utility bikes are also stocked. The business has accounts with most part and accessory providers.
The shop has only been trading 5 days a week and closes for staff holidays. It was originally set up as a "hobby" business by the non-working owner and is being sold as the shop manager/mechanic is leaving to work outside of the trade.
The location has a strong and affluent cycling community, and this is an ideal opportunity for someone to run a lifestyle business and expand upon the work already done in establishing the business over the last 5 years. It now needs a more hands on owner to take the business forward and we are keen for our customers and the town to continue to have a quality local bike shop.
The price is to include all fixtures and fittings, workshop tooling and epos system, etc. The stock will be at cost ( £15-20,000)
Tenure:
Leasehold
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