Cycle Shops for sale in Warrington

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Specialist Cycle Shop - Cheshire

Warrington, Cheshire, England

  • Leasehold Price: £79,500
  • Annual Turnover: £150,000
  • Annual Gross Profit: £82,000
Seller Reference: 5859
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Business Description
 
 
 
 
 
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Seller Reference: 5859
Request Details
Business Description
Specialist Cycle Shop Established Since 2013
Projected Annual Turnover (2019/20) £150,000
Projected Annual Gross Profit (2019/20) £82,000
Strong Corporate Relationships
Unique Cycling Revenue Streams
1500sq/ft Premises with Low Rent (£5K PA)
Key Cycle Club Partnerships
Impressive Company Reputation
Good Links to The M56 and M6
Parking Available Directly Outside
5,300 Strong and Loyal Client Base
Closed Weekends
REF 5859 – Leasehold Bicycle Repair Shop

Blacks Brokers are proud to bring to the market this leasehold bicycle repair shop located in Cheshire.

INTRODUCTION

The business offers a fully mobile boke repair service in the North West of England, covering Cheshire, Greater Manchester and Lancashire and has been trading from its Warrington base for just over one year, however the business has been trading since 2013, previously housed within a smaller unit close by. The business offers an array of bicycle services and supplies, including mobile cycle repairs and anything from a puncture repair to a full overhaul. Having gained a large and loyal customer base and much custom from word of mouth recommendations, the business is very well-established and well-known.

LOCATION

Positioned on a popular and busy industrial estate that is located conveniently for both the M56 and M6. The area is approximately 3 miles from Warrington and around 6 miles from Northwich.
This affluent area brings year round custom and is convenient for customers travelling from further afield due to the excellent reputation and knowledge on offer from this business.

REASON FOR SALE

The business is only being offered for sale as our client has other business commitments and is no longer able to offer the time required to meet demand for work here.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 3 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £440 per calendar month.
Please note: a sub-let agreement is in place for part of this unit at a cost of £200 per calendar month and therefore almost halving the cost of this lease.

BUILDING LAYOUT AND DESIGN

The workshops for the business are within a modern and well-presented, single storey modular building within a commercial area and industrial estate. The business is well branded externally and has parking for two vehicles directly outside the unit. One space currently used for the sign-written company van included in this business sale (lease hire remaining).
Inside, the main showroom area and workshop are open plan with a rustic feel and finished to a high standard. On the back wall of this area is a full wall of accessory sales and to the rear is a private, secure bike store, kitchen and cleaning stockroom along with a part stockroom and shared toilet facilities. All areas are nicely-presented with good quality fixtures and fittings.

STAFF

The business is currently operating with one part-time and one full-time member of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and since 2013, has traded solidly over this time. Projected Annual Turnover (2019/20) £150,000, with a Projected Annual Gross Profit (2019/20) £82,000 of which 49% of the turnover is service and 51% of income is repairs, zero rates payable.

SUMMARY

This leasehold business is long-established and offers an exciting opportunity for a new owner to really benefit from the excellent reputation and large customer base already in place. The business boasts a client base of 5,300, which is growing consistently and around 70% if these customers live within a 3-mile radius of the business. There is plenty of scope to develop the business further and there are even more income opportunities with the introduction of weekend opening and potentially late nights once or twice a week. This proposition would ideally suit an owner operating team with experience in this field, it may also be of interest to another similar business looking for large and instant expansion in this area of Cheshire. Early viewings are strongly advised and are welcomed by appointment only. Fixtures:
Racking

Full bike workshop facility including tools; stands; etc

Work tops.

Bike cleaning facility

Computer and office equipment

Heaters and fans
Trading hours:
Mon - Fri - 9am - 6pm
Sat & Sun - Closed
Tenure:
Leasehold
Location Details:
Warrington
Leasehold Term:
£101 Per Week
Downloadable Documents:
Listed by:
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