Cycle Shops for sale in Lochgilphead

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John Peacock (Feb 2017)
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Leasehold Price: £25,000 Annual Turnover: £100,000
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Business Description
Crinan Cycles was established approx 25 years ago and has existed in its present location for the last 15 years under the current owner.

We are based in the main street in Lochgilphead and cater for locals, tourists, tourers and hire customers alike. The shop is 2 mins away from access to the Crinan Canal which makes it popular during the summer months with regards to our hire bikes. We also have the Fire Tower MTB trail and numerous Fire roads surrounding the town. The closest cycle shop in any direction is approx 40 miles! Lochgilphead is the main hub for Mid-Argyll and has a recently built School (both junior & senior), hospital and is the base for the local council.

The business turns over anything between £100,000 and £170,000 depending on various conditions. We currently have zero social media presence and believe that a future owner could significantly increase turnover through those channels.

The shop is currently leased at a rate of £660 per month with the option to buy (seperate negotiation with current landlord).

We qualify for 100% rate relief under the Scottish rates system.

The business has been run solely by the current owner which has ensured a healthy profit margin over the years (gross profit percentage approx 44%).

Asking price - £25,000 plus stock (approx £11,000)
Trading Hours:
Mon - Fri 9.30 - 5.30
Sat 10.00 - 5.00

Tenure: Leasehold

Location Details: Excellent main street location

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