Cycle Shops for sale in Hertfordshire

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Cycling & Skateboard Retail Shop in a prime High Street Location

Hertfordshire, England

  • Leasehold Price: £100,000
  • Annual Turnover: £140,000
  • Annual Net Profit: £60,000
Seller Reference: AM175
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Business Description
 
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Seller Reference: AM175
Request Details
Business Description
Extremely well established cycling and skateboard shop, owned by the present Husband & Wife team since 2016. The business is in a prime high street location, being one of the main thouroughfares in this busy and popular Hertfordshire Town and well positioned among other popular retailers with established clientele. Conveniently located at 25 min train from central London, in close proximity to many well established residential areas and other new residential & large developments provides an excellent and growing customer base.

Well known in the locale for the wide selection of products, from recognisable road & off-road leisure bikes to electrically assisted bikes, including tricycles. The business benefits from unopposed competition and dealership agreements with many prestigious Brands. As well as bikes the business has a growing following with the local skateboarding and stunt scooter communities and is a real destination location for young and old enthusiasts to visit for boards, parts, accessories and repairs with its fully equipped workshop with approved Bosch ebike Dealer and Bosch Certified ebike Service Centre credentials.

The real power and energy of the shop comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate.

Not surprisingly, the shop enjoys a good level of patronage – including circa 300+ active customers on company database; the store enjoys a high perecentage of repeat custom.

This opportunity is an ideal business for anyone looking to engage with the Cycling or Skateboarding sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.
Trading hours:
Monday – Friday : 10:00 – 17:00 Saturday: 10:00 – 17:00 Sunday: Closed
Number of employees:
03
Tenure:
Leasehold
Competition:
The business has an attractive and informative website and free listings in local publications and their online versions.
Support and Training:
The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.
Leasehold Term:
The premises are leasehold with a 5 year renewable lease. The square footage is circa 800 sq. ft and includes a shop floor, stock room and office area with a large safe. Rent is currently £875.00 /month The lease contract is due for renewal in 2023
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