Hilton Smythe welcomes to the market this very well-established, family run cycle shop for all your cycling needs, with a very substantial showroom, offering a wide range of bikes and equipment, clothing and accessories to include electric bikes, comfort and touring bikes and much more.
Regarding electric bikes they have exclusive deals with Trek, Specialized and Bosch, which means they are the only shop in the area that can offer these products.
The Business have a website that can be found at https://svc.bike/ and are also active on Facebook and Twitter and have great 5-star reviews.
Severn Valley offer a fully equipped service centre, carrying out a full range of repairs and a bike fit area, offering a full Bike Fit service for road, TT and triathlon. They offer 2 levels of Bike Fit at Severn Valley Cycles. A Full Motion Capture Bike Fit (Level 2) and a Level 1 Bike Fit.
This is a fantastic business with a good turnover, which would ideally suit an enthusiastic owner who could push the business forward to the next level, with longer hours and more promotion and advertising, together with new ideas, such as a small café area for likeminded cyclists.
Hilton Smythe advise an internal inspection to appreciate the excellent location and superb business on offer.Location
Severn Valley Cycles is situated in Lydney town centre in an area with a busy residential and commercial footfall.
Lydney is a small town and civil parish in the English county of Gloucestershire. It is on the west bank of the River Severn, close to the Forest of Dean and is 16 miles southwest of Gloucester as the crow flies. At the 2011 census the population was 8,766.
Easy access is gained to all surrounding areas via A48 trunk road and the M4 at Chepstow going East and West.
The business itself is very well established and has been run by the current owners for around 8 years. They are now looking towards other business interests.Premises
The premises occupy a great position, in a busy location in the centre of Lydney, with parking to the rear.
Severn Valley have a substantial showroom for a large range of bikes and equipment with the whole amounting to approximately 130 sqm (1400 square feet) offering great potential.
The property consists of a large open plan showroom,
• Serving counter
• Bike repair counter
• Bike fit area
• Store room
• 2 x WC’s, one which could be used as a changing room if required
• Rear access with shared parking and Bike stands for customers
The shop comes with a range of equipment to include, a 14-plate sign written Ford Transit delivery van, an extensive range of workshop tools to include items such as Sealey tool box, Bike stand and wheel truing stand. They also have counter and till, various shelving and racking, with custom bike display holders, office desks and chairs and much more.
The business is exceptionally well organised and has a large customer base in place with much repeat custom.
An internal inspection is very highly recommended to appreciate the position and premises on offer.Tenure
We are advised that the business is being sold as a leasehold opportunity with a 3-year lease, till March 2019. We understand that the lease is renewable. The yearly rent payable is £10,000 per annum.Hours
Tuesday to Saturday 9:30 a.m. to 5.00 p.m.
The business is currently run and managed by our clients.Financial Profile
The accounts show a healthy turnover of £240,417 for the year to 31st August 2017 with a gross profit of £64,267.
We are advised that the current stock level at instruction is around £20,000/£25,000.
According to the VOA website the current rateable value is £8,900, however the business benefits from small business rate relief so has no rates to pay at present.